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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 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

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Man found guilty of NHS fraud.

A man has been found guilty of defrauding the NHS out of £700,000. Michael Cope was accused of awarding business contracts to companies that he knew would fail. His two accomplices in the scam previously plead guilty to the fraud, which the NHS say cost £1.4 Million to put right.

Together, the three men awarded construction contracts to a company called George Morgan Limited and the work they carried out was so poor, it cost double the original price to fix. The court heard how the men spent the company’s profits on expensive holidays, designer watches, cars and property. The … Read more

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The Timeshare Trap

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

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30 Years for Solar Panel Scammers

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

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New Resorts and Mass Expansion Planned

RCI adds another resort to its portfolio.

RCI is the global leader in holiday exchange, with over 4,300 Affiliated resorts in 110 countries. RCI has announced it is adding the Hondaafushi Island Resort to its portfolio of properties and marks the hospitality giant’s 4th resort in the region.

Hondaafushi Island Resort is a beautiful resort located in the stunning Maldives, with white sands and clear blue seas. It boasts mesmerising views of the lagoons, luxurious accommodations and five-star facilities.

A spokesperson for RCI India said about the new addition: “We are delighted to announce our new affiliation with Hondaafushi … Read more

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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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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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