Mug footballers (& Rio Ferdinand) suckered in Villa scam

[Dedworth]

Premier stars face massive losses in £200m Moroccan villa nightmare: Embarrassment for Terry and Ferdinand as project they backed flounders

England footballers Rio Ferdinand and John Terry are among hundreds of Britons who face losing millions of pounds after investing in a holiday villa project in Morocco.

They and other star players, including Joe Cole, Michael Carrick and football pundit Gary Neville, ploughed money into the £200million project believing they would now have the keys to stylish beachside homes – but nothing has been built at the site for four years.

What they were assured would be a luxury resort featuring 1,342 properties, three golf courses and a sports complex is today an abandoned building site. Investors fear there is little prospect of it ever being completed.

http://www.dailymail.co.uk/news/arti...flounders.html

[joebloggs]

you would have thought with stories like this in the press in the past, people would be cautious buying property outside the UK that was not built

[bigmarco]

Fools and their Money are easily parted