Timeshare fraud arrests in Playa de las Américas

There is frustratingly little detail on this story, but if you have been the victim of a timeshare scam, you could do worse than get your lawyer to check if this is related to your case.

South Tenerife National Police have arrested seven individuals from a group dedicated to timeshare fraud. The operation began in February when investigations started into how 50 or so victims were defrauded of around €30,000 each after being contacted by a company claiming to have buyers interested in taking over their timeshare rights. Once the “administration, fiscal, and legal costs” for the so-called purchases were handed over, however, both supposed buyers and company disappeared, along with the money for the invented charges, amounting to around €1,500,000 in total. All the scamsters are Tenerife residents, and were the individuals into whose named accounts monies were paid. The closest to identity that I can get at present is the location, which is the Playa de las Américas area.  Canarias24Horas

2 Comments

  1. surely these people took legal advice before entering the agreement? why didn’t the solicitors pick up on it?

  2. Author

    I think that they would have accepted the existence of the buyers without question given that they wanted to sell. Presumably their relief was so great that they didn’t use a lawyer. Also, “fees” seem to have been said to be included for legal services, and one can easily imagine the pitch … along the lines of “you don’t need a separate lawyer, we do it all for the same money …”. It’s quite sick.

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