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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

Another Timeshare scam, this time from Malta !

Police in Malta and the Malta Tourism Authority are investigating a timeshare company who allegedly 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 unpaid hotel bills … Read more

A recent increase in cases of Timeshare owners being targeted for further exploitation has prompted Action Fraud to warn owners to be on the lookout. Scammers are actively seeking out Timeshare owners who may be vulnerable or previously mis-sold their Timeshares and telling them they are owed compensation. The scammers pose as reputable companies offering unsuspecting customers exit from their timeshare burdens for a fee and promising to be able to reclaim compensation.

The scammers are aware of the Timeshare owners personal information from their previous investments which provides them with false credibility. They request upfront fees from owners … Read more

The Birmingham brothers have been ordered to pay back “Hidden Assets” or face an additional 15 months in prison.

Brothers Amarjit and Shivjit Bagharian, from Smethwick, were both jailed for seven years in February 2016 after admitting a conspiracy to defraud topping £1 Million. Operating under 2 bogus companies, Sun Properties Solutions and Avon Client Services, they duped over 38 victims into handing over money in exchange for timeshare relinquishment services, even promising their victims could obtain a handsome return on their investment.

However, the duo made no effort to sell timeshares, nor had any intention to do so. Instead … Read more

Francis ‘Frank’ Madden took holidays around the Mediterranean while his businesses fraudulently obtained hundreds of thousands of pounds from unsuspecting customers.

Madden, 61 from Bournemouth, has been jailed for 40 months and barred from holding a directorship for a decade! The Conman, who was jailed this week, ruled his companies with an ‘Iron Fist’, despite spending much of his time on cruises with his wife and spending thousands of pounds in doing so.

Staff at his companies, Central Marketing LTD, Glenleigh LTD and Reco Corp LTD, were instructed to cold-call hundreds of people a day inviting them to attend a … Read more

In South Africa, there is in excess of 200 resorts and over 600,000 people who own timeshares. The industry has come under the spotlight and it has become apparent that consumers are not so happy.

There have been many allegations and complaints against the timeshare industry and the National Consumer Commission are now looking to kickstart a public inquiry. The inquiry will hopefully get to the bottom of the allegations that consumers have made, such as being conned into signing contracts that last a lifetime and not being able to cancel the contracts once they have signed them.

Consumers are … Read more