6 Business Opportunity Scams You Need To Avoid

#5: Land Banking Scams

Land Banking

There are fraudsters who buy a particular piece of land and divide it into certain parts and put these individual parts on sale. They ask the victims to place a high value lottery bid on the land which they claim is about to get planning permission. But once they get the money, the victims learn that the land was never to get any planning permission and all they are left with is a worthless tiny piece of land.