• Neil Bromage

Tempted by a high-risk deal paying 8%? - the property investments built on sand

The Daily Mail, Wednesday July 28th 2021


https://www.dailymail.co.uk/money/investing/article-9832005/Prepare-lose-property-investments-built-sand.html



When Graham Firth saw an advert for an 8 per cent return on an investment in student digs, he thought he had found a great deal.


More people were going to university than ever before and he was told the Paramount development in Liverpool was not only finished, but occupied.

However, after the 54-year-old finance director invested £58,500, it emerged that the building was far from complete — and his money vanished.


Graham is one of thousands of people thought to have lost more than £1billion in unlawful property schemes in recent years, according to legal experts at UCIS Advice Point.


carry on reading:

https://www.dailymail.co.uk/money/investing/article-9832005/Prepare-lose-property-investments-built-sand.html

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