Director in Pounds 3.5m Property Scam ; Company Boss Banned From Business for 7 Years Over Lies: Investors. Duped by Promises of Profits

Daily PostAugust 18, 2009

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Summary


A MANAGING director was banned from running a business for seven years after conning pounds 3.5m out of investors.

Timothy Wren, 33, made up "extravagant" lies about how much land would increase in value to dupe people into parting with cash.

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Extract


Director in Pounds 3.5m Property Scam ; Company Boss Banned From Business for 7 Years Over Lies: Investors. Duped by Promises of Profits

He advertised shares in plots of land across the North West through his Land Banking (UK) plc company.

Buyers were wooed by overblown claims the land would see a ...

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