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Category Archives for Land Banking

Landbanking Scam in Canada

Received this message from someone in Canada warning about a landbanking scam sold to investors here. Names have been removed to prevent lawsuits. While I can’t confirm the validity of this warning, the moral of the story is to always check with the locals before going ahead with any overseas investment opportunities. I am writing […]


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Profitable Plots Directors Jailed

Profitable Plots Directors Jailed

Today, Singapore courts found the two Directors of Profitable Plots, Timothy Nicholas Goldring and John Andrew Nordmann guilty of cheating. It was found that Timothy Goldring and John Nordmann had misrepresented an investment scheme called Boron. Investors were told that their funds would be used for the purchase of Boron products, but most of the […]


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Profitable Boron Gone Wrong

Yesterday, the three directors of Profitable Plots were charged in court for cheating over an investment scheme sold by their company. Under the scheme, investors were promised a return of 12.5% in six months. The monies that investors put in were supposed to be used to finance the purchase of a chemical-based lubricant, Boron CLS […]


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Profitable Plots Hearing Adjourned Again

In yesterday’s hearing against Profitable Plots, the Subordinate Court judge allowed for the case to be adjourned yet again. This was to allow CAD more time to complete their investigations. The next hearing has been set for 9th April 2012. Meanwhile, in a statement issued on the website of Profitable Plots yesterday, it was announced […]


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What Now for Edgeworth Properties Investors?

It was reported in the Business Times that CAD were investigating the company Edgeworth Properties, a land banking company that sold land in Canada. About 4000 investors from Singapore, Malaysia, Philippines and Thailand had invested more than C$70 million with the company. It is unknown when CAD started investigations but the Ontario Superior Court of […]


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