Received this message from someone in Canada warning about a landbanking scam sold to investors here.
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 to you from Ontario Canada.
The purpose is to alert you to a very underhanded and sneaky landbanking operation that seems to target folks in Malaysia/Singapore!
Co-partners xxx and yyy are peddling a development called bxxxxx in Ontario. I have read that people have invested up to $130,000 per acre on the promise of short high returns. Not the case…property is located in a very rural community with primarily low income people. Nobody will ever buy future homes on this land!!! Its an abandoned cow farm in a terrible location.
Please, warn your contacts but keep my name confidential, these are dangerous men.