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


  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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