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Thinking of selling your timeshare ?

If like the many timeshare owners, you have become tired of your burdensome timeshare, or simply can’t continue to pay the mounting maintenance fees, you have probably thought about selling it. After all, you were told that when you no longer wanted to keep it you could sell it on and make a profit.

But before you enter into the murky waters of timeshare re-sales there are some important things to be aware of. Just as there are rouge sales reps and scammers when buying a timeshare, the same is true when trying to sell one.

If you own … Read more

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Company Directors Found Guilty Of Cold-Calling Scam

Two company directors from Nottingham have been found guilty of Deceptive trading after a 10-day trial. The firm cold-called businesses all over the UK, including takeaway restaurants, nail bars, hair salons and other small businesses, offering to reduce their business rates. The firm charged customers either £399 or £499 for simply filling in application forms. On their website, they boasted that they were the leading specialist in business rates, something that they could not justify when asked in court.

The small businesses targeted were then pressed for payment, even though rate cuts had not been achieved by the company. … Read more

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Another Successful Claim

Here at Praetorian Legal, we have the pleasure of helping many clients end their nightmare timeshare experiences and helping them recover money for contracts that were mis-sold to them. It is extremely rewarding to be able to help so many clients, who more often than not have been through years of financial hardship, worry and stress.

Today, we have the pleasure of sharing with you, yet another successful claim for reparation for one of our lovely clients, who has received a settlement of £5,949.99.

Our client originally purchased their timeshare in the 90’s with Club Infiniti and for many years … Read more

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Victims Of Pension Fraud Lost An Average Of £91,000

The Financial Conduct Authority and The Pensions Regulator have issued a statement, to warn the public to be watchful when receiving cold-calls, regarding pension investments.

 

The warning comes after 253 victims contacted Action Fraud to report pension investment fraud. This resulted in more than £23 million lost to pension scammers in 2017 alone. The average loss equates to £91,000 per victim.

superfluous to say, these are highly sophisticated scammers, who convince people into transferring their pensions into fraudulent schemes. Victims can lose their life savings and hard earned money, which could leave them facing a retirement future they … Read more

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UK Flights With Primera Air Cancelled

UK Flights with Primera Air have been cancelled, as the airline ended more than 200 flight routes from Birmingham Airport, affecting thousands of passengers.

Just 4 months after launching flights from Birmingham airport, a budget airline has announced it is abandoning flights to all 7 destinations in the Mediterranean and Canary Islands.

Primera Air says the services will end during September and October. An average passenger drop of 1800 a day in the first half of this year, compared to last, is said to be the reason why.

Despite being peak summer season for all the airlines, Primera say there … Read more

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Pension Scam Victims Win Case Against Mis-sold SIPP

The Financial Ombudsman Service has upheld a complaint bought by five individuals who lost nearly £100,000 after transferring their savings following a free pension review.

The decision made by FOS could offer hope to thousands of other victims, who have lost their savings in SIPP’s, a successful way to claim back their money.

The five individuals invested into schemes, including Ethical Forestry and Global Plantations, between 2013 and 2016. The 5 victims claimed Guinness Mahon Trust Corporation worked with uncontrolled introducers, to facilitate non-standard investments.

The five victims were cold called and persuaded to invest their pension pots into … Read more

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Thinking of purchasing a timeshare ? Know the financial risks !

As the summer draws to a close and the tans begin to fade, some of us may be looking into booking future holidays, expecting to secure a bargain by booking early. Others may be considering the prospect of investing in a timeshare or holiday membership, locking in todays’ price for all future holidays.

It sounds like a fantastic way to save money on future holidays, and there are millions of people all over the world who enjoy and benefit from their timeshares. So, if you are, or ever have thought of buying a timeshare, here is what you … Read more

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Another Timeshare scam, this time from Malta !

Another Timeshare scam, this time from Malta !

Police in Malta and the Malta Tourism Authority are investigating a timeshare company who purportedly defrauded clients out of thousands of euro’s. The company named as Platinum International Malta Ltd sold a timeshare membership with cost between €2,000 and €3,500 and promised to provide its members with heavily discounted hotel bookings and holiday packages. The membership covered a range of locations in five destinations, all the customer had to pay was €500 to Platinum for the service.

Instead of providing the services they had promised customers were left  with unsettled hotel bills … Read more

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Five Jailed For £2.8 Million Boiler Room Scam

Five men have been jailed for a total of nearly 18 years, following a criminal prosecution by the Financial Conduct Authority. They have been found guilty of scamming more than 170 victims out of £2.8 million, in a complex boiler room scam.

The judge said “Some victims lost everything they had” and “their stories were at times positively heart-breaking.” He added that elderly people had been specifically targeted.

The men worked in a boiler room, where they cold called victims and using high pressure sales tactics, sold ineffective and overpriced investments to the public. The name boiler room refers to … Read more

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A Conman Stole My Parent’s Home!!

Imagine your loved ones were scammed out of everything they had worked their whole lives for

That’s exactly what happened to one family whose elderly parents were conned by someone they trusted. Syed Bukhari pretended to be ‘Gerry’ from the bank and went on to steal more than £350,000 of their lifesavings including their home.

Bukhari, 37, befriended the ex-merchant navy officer and his wife of 40 years by at first running errands for the pair. Both of the elderly couple suffered from dementia, however, despite this, they were enjoying their retirement and leading somewhat independent lives. They were first … Read more

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