Transfer Smart News: Accused Timeshare Fraudsters Detained in Malaga and Tenerife

For many owners, after some time of enjoying a timeshare property there may come a time to decide to get out of their timeshare contracts. While reselling it is not easy, there are also other things to watch out for. Reselling your timeshare is something that many shady companies will try to take advantage of to get your money without helping you. Recently in Spain, there are alleged timeshare fraudsters who have been held by police. These 22 people accused of running a bogus timeshare scam have been detained in Malaga and Tenerife.

According to the police, the said suspects deceived their victims into believing they had found people who wanted to buy the right to use their units. Once the victims hand over money they thought was to cover expenses for the deal, the suspects and those supposedly interested in using their homes would disappear.

In addition, other members of the scam network tricked several of the victims again by pretending to be lawyers and offer to help those who had been defrauded. They would claim to have recuperated the money that had been defrauded and that it would be returned to the victims demanding payments for their services. On the other hand, the police carried out 11 searches as part of their operation.

While there are several owners who are getting rid of their timeshares and some even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property, this has also given rise to a string of bogus timeshare scams across Europe, particularly in Spain.

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