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Wyndham Vacation Rentals Opens New Resorts

Wyndham Vacation Rentals celebrates the opening of Waikiki Village in Myrtle Beach, South Carolina, USA. This marks the 10th property in the Myrtle Beach area alone.

Wyndham hotel group is an American hospitality company. It is the holding company for RCI and other lodging brands such as Oceana Resorts. It is composed of more than 9,000 hotels, under 21 different brands, spanning more than 75 countries, in six continents. In January 2018, Wyndham Hotel Group announced they had entered into an agreement whereby Wyndham Destinations would acquire La Quinta Holdings hotel franchise and hotel management for $1.95 billion in … Read more

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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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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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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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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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Couple Lose £272,000 as holiday home dream collapses !

Police have been called in to investigate after a couple from Bristol lose a holiday home and £272,000 in life savings, after the collapse of a £10 million foreign exchange firm. Civil servants, Bryn and Trish Pailing were fortunate enough to retire early and were about to complete the purchase of a dream home on Portugal’s Algarve coast.

It all began when the couple attended a ‘Place In The Sun’ exhibition in 2015 and met with Premier FX, who were sponsoring a Portuguese stand. They spoke with company representatives, who explained they acted as a foreign exchange company, that … Read more

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£500 Million Stolen From UK Bank Accounts !

A new report states that £500 Million has been stolen from customers of British banks in the first half of 2018 alone.

Industry group UK Finance says £145 Million of the stolen amount was due to APP scams, or Authorised Push Payments. APP crime is the fastest growing type of crime and these new figures show a sharp increase in the amount stolen from 2017. In short, APP fraud is where a victim believes they are paying for a legitimate service or item and the criminal poses as a trusted third party and redirects the payment to a different account.… Read more

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Latest Headlines From The Timeshare Industry

Hilton Grand Vacations Expand To The Caribbean.

Hilton Grand Vacations has announced that it is expanding its timeshare holdings to the Caribbean, and is planning a purchase of The Crane Resort in Saint Philip, Barbados. It is expected to sell for $54.6 million.

Hilton Grand Vacations is acquiring the existing one, two and three bedroom timeshare suites that operate and are currently owned by Millennium Investments Ltd. The deal will take 3 years to complete but sales will start by the end of this year. The Resort will be available for existing Hilton Grand Vacations members from January next year.… Read more

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