Timeshare owners are continuing with their suit against Marriott Vacations Club, despite the resort giant’s attempts to disrupt and delay the class action. Lawyers for the timeshare owners have now asked the court in Florida to penalise Marriott over intentionally withholding documents. This is the latest action taken by the owners in an attempt to hold Marriott Vacation Club responsible over its conduct. They allege Marriott operated a fraudulent scheme which allegedly sold dishonest points based timeshare memberships. If the owners are successful, it could have huge implications for Marriott and other resorts, over how they sell timeshares and … Read more
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£21 Million Lost To Computer Software Service Fraud
Action Fraud have launched a new campaign to warn people about Computer Software service Fraud. It is one of the UK’s top five most reported types of fraud. In 2017/18, over 22,000 people have reported being scammed and the total loss combined is £21 Million.
Action Fraud received 22,609 reports from members of the public, concerning Computer Software Service Fraud and a total of £21,365,360 being stolen by scammers. Action Fraud report the average age of a victim is 63 and people living in London and Bristol are most likely … Read more
Ritz Carlton Timeshare Club members are bringing a mass action claim to a federal judge. The claim alleges Marriott Vacations caused the value of Ritz-Carlton Club members’ deeded units to decline and, in some cases, owners lost up to 90% in the value of their timeshares at the resort. Owners claim that an affiliation between Marriott Vacations Worldwide and Ritz-Carlton Destination Club, which allowed Marriott members to trade one week at the Ritz-Carlton Club in Aspen Highlands with points-based members of the Marriott Vacation Club, caused the value of their investments to sink. Ritz Carlton Club was sold to owners … Read more
A new report, released by UK General Insurance and Cyber Aware UK, has revealed that 79% of Brits keep emails stored in their inboxes, these emails could be at risk of hackers looking to steal their ID and financial information. Cyber Aware is warning the public to use a strong separate password for their main email account.
The report detailed how 51% of the public are holding on to e-receipts, which can reveal purchase history. It also stated that 34% of people keep sensitive messages from loved ones and 35% of people store personal photos of friends and family. This … Read more
A real estate company in the US is warning consumers and real estate brokers about a Burst of recent timeshare scams. The scammers are cold-calling timeshare owners claiming to be from a Legal real estate agency and offering timeshare sales and exit services for timeshares owners.
The scammers have been falsely representing themselves as home sales agents working for a legitimate firm, even going as far as to use their real estate license number and address.
The scammer will then offer to sell the victims timeshare, explaining how they have many clients ready to purchase timeshares at a reasonable price. … Read more
The Financial Conduct Authority announced back in 2017 that they were investigating the motor financing industry, to ensure that consumers were not being caused harm, to understand how finance products were sold and, to see if the market is functioning as well as it could be. In March, the FCA published an update of this review, setting out the areas of concern that they have highlighted for further investigation. One of those areas is PCP or Personal Contract Purchase.
And finance experts are eagerly anticipating the publication of the FCA’s findings. If the FCA rule the sales processes employed … Read more
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 Accredited 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
All-inclusive resorts have been a firm favourite of holidaymakers for generations. The Comfort an all-inclusive resort can offer is very appealing to many, especially families. Having everything readily available to you, under one roof and, for a fixed price, is a big plus for holidaymakers. In addition to this, the facilities are often far better than in a hotel or villa, they also offer games centres, kids clubs, evening live entertainment, shuttle services, beach activities, exercise classes and unlimited food and drink. The real benefit, though, is not having to worry about added expenses piling up, and having to face … Read more
Six men have been sentenced to a total of 30 years and 4 months in prison for a scam which defrauded 1,500 elderly and Exposed people, which netted them £17 Million.
A judge at Liverpool Crown Court has sentenced the six men to more than 30 years combined after a trial by jury found the men guilty. The case was bought after a four year investigation into the company Solar Energy Savings Ltd, by the Serious Fraud Office. The Serious Fraud Office alleged the men concocted a scheme to sell and install solar energy panels promising customers would generate … Read more