We've all read about the Engineered Loan Defaults where assets are 'coincidentally' bought up for peanuts by vultures, - the Wide Bay Bricks scandal is a classic. In the USA, the DOJ is jailing vultures. What a great idea. https://www.pagepate.com/investors-who-purchase-properties-at-foreclosur...
A register of vultures
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Good point Nemo. Investors who buy a property that is for sale is a very different thing to a crony abusing their inside knowledge or position to benefit themselves, a family member or a business associate.
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