Monday, June 05, 2006

Timeshare News : Serious Timeshare Scam

As an enthusiastic owner of timeshare, it is very disappointing to hear about timeshare scams.

This one is particularly bad in that these thieves unbelievably formed a separate company to contact people they had just ripped off, and charged them yet another fee to "try to help them" recover their loss!

FOUR Brits have been held in Spain over this timeshare fraud thought to have cost sunseekers millions. The fraud involved sales of non-existant vacation packages.

They operated through 300 companies thought to have employed 1,000 people. There are believed to be up to 15,000 victims.

Many affected by this scam will have lost life savings.

The full story here.


Larry Hayden

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