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Economic development scams abound.

Publication: Mississippi Business Journal
Publication Date: 30-APR-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
This is a warning to local elected officials and community leaders. There are phony developers out there who will take advantage of your community.

Because most communities will do just about anything for more jobs, you are especially vulnerable to unscrupulous real estate developers who will promise shopping centers, office buildings, distribution centers and all manner of development in return for your giving them some type of incentive for their investment in your community. I've seen some scams that were almost admirable in their complexity and others that were so simple it was laughable.

In this column, I'm going to profile one case that happened a few years ago in a medium-sized city in Mississippi. A scam artist, whom we will call Mr. Insurance, contacted a local city...

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