22 Arrests in Time Share Scam

 

Police yesterday released details of 22 arrests that had been made in Malaga and Tenerife as part of their investigation into Timeshare Frauds - details of the various nationalities involved have not yet been made known.

The alleged fraudsters are believed to have swindled their victims out of money paid to cover the transfer of ownership from the fictitious sale of a share in their property. There were even some reported cases when other members of the same network contacted the owners again, offering their services as a lawyer to recover their money. As expected, they also then disappeared with the fees which had been paid over.

EFE reported that the organization obtained their victims' names from lists provided by employees of the companies which managed the time share complexes. No further details of either the criminals or the Victims have yet been disclosed by the police.

Officers who took part in the search of 11 properties, which took place as part of the operation bank documents, found lists of "clients" and instructions for the telephone conversations with which to snare their victims. Police also seized 30,000 € in cash, an air gun and an electric shock weapon