* The Guardian, Saturday 23 August 2008

· Land banking
Here you are persuaded to pay around £10,000 for a tenth of an acre in a field - which the seller has bought for about £7,000 an acre - on the promise the land will soon receive planning permission and soar in value. So far, no land banking site has ever gained the building go-ahead.
Most land sold in this way is green belt or zoned for agricultural use only. But land bankers seize on every government statement about the need for more homes to stress that this means that it is certain that the site they are selling will soon be covered in houses - like almost all scams, this relies on an element of truth. The FSA has shut down a number of these firms, but victims generally lose their money.
Easy to lose £10,000 to £25,000.

One of the 10 biggest scams to watch out for

As his book on avoiding rip-offs is published, Tony Levene warns of the most common cons

wat u say is true..
this is just as an info to forummers..
and oso, d question of..
why was proftitable plots raided by BNM on Oct 24 2008?