New alert for JRG Equity release and their cold call campaign!

Have you been cold called by JRG Equity Release? Because we have received already a lot of inquiries!

JRG Equity Release claims to be appointed by the Spanish Government to process the refund of money from the funds held by the Spanish Government for victims of the ILG / DWVC scam and the Reclaim certificates.

JRG does not request any money as they have already been paid by the Government.
They work from UK and Spain, and inform the timeshare consumer he can obtain a 68% of his reclaim and the other 32% will have to go to the Spanish government for fees and taxes.

In order to be part of this claim of 58.000 certificates (!!!) the consumer has to be quick, as the process is due to the end of April.

In order to be part of this tremendous claim, the consumer has to go to a local notary on his own expense and their identity by Drivers license, utility bills and also a copy of the Reclaim certificate.
Then JRG Equity release will send a courier around for picking up the Certificate and there you go!

Well not quiet…
They also require legal fees to be paid up front and those add up to around a £1000, oops…and these are not going to the tax man, oh no, these are to be paid by bank transfer into an account of a company called PROPIEDADES ANDALUCIA SUR SL

Now the story starts to wobble. And we investigated a bit further;

JRG Equity Release has a website www.jrgequityrelease.com which was registered on the 24th of January this year. Their address is a postbox in Benalmadena on the Costa del Sol, and their phone number is 0871 408 9549

Going through the information we found clear indications that this company is linked to other dubious companies, of which several were closed down by the police:

Sol Bookers SL. (closed by police in 2008) Greystone Leisure & Travel SL. (closed by police in 2008), Red Rock Marketing SL and Timeshare Disposal two companies mentioned on our blog: http://mindtimeshare.me/?s=red+rock

That does not sound right!

Adding up the fact they claim to be working for the Spanish Government, which is highly unlikely with this modus operandi, ask for an upfront fee by bank transfer, and the mentioned connections…our advice is going to be straight forward and a big NO.

Have you been called by JRG Equity Release from 08714089549 ?

Please let us know!

About mindtimeshare

Mindtimeshare is registered as a Spanish Association - reg number: G-98401524. Mindtimeshare provides assistance to timeshare owners who have been defrauded by holiday clubs and bogus resale companies. The Mindtimeshare project was launched in February 2011. After dealing with timeshare members over several years who had been defrauded by numerous bogus companies and for large amounts of money, I considered launching an Organisation to help timeshare owners that have been targeted by bogus companies. On this blog you can find information about the different active scam companies and their “modus operandi” and also place comments, ask questions and see comments from other consumers who have the same doubts or have been through the same experience. Mindtimeshare has resulted in a huge success and has received the back up from not only timeshare consumers but also from the professionals in the timeshare Industry. Mindtimeshare helps timeshare owners who have been scammed by bogus Discount Holiday Clubs; bogus cash back companies; fraudulent timeshare resale companies; bogus class action companies and false lawyers and notaries. We offer professional answers and advice to Timeshare users. If you want to send an email instead of posting a comment on the blog please do so by emailing: customercare@mindtimeshare.com
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14 Responses to New alert for JRG Equity release and their cold call campaign!

  1. ALAN says:

    Beware promises from JRG Equity Release who told me they had a buyer for my time share and indeed held his funds in payment for same they said. Stupidly I sent a forward payment for tax on the understanding that I would receive settlement within 2 weeks. Then I was informed that the bank holding the funds had closed and I would be told of a release date of funds later when the bank reopened. That was nearly 3 months ago and I am still waiting. Needless to say, any communication sent to JRG is now totally ignored. My advice——-
    STEER WELL CLEAR OF ANY CONTACT FROM THIS VERY DUBIOUS COMPANY.

  2. David B says:

    I was cold called recently and the following email (from sales@gatewayequitysolutions.com) was received this week. Looks as though they are currently “trading” as Gateway Equity Solutions. It all sounds very convincing but the caller didn’t ask enough details of the ownership week, so could not have found a direct buyer……. The email also offered me twice the amount I said I was willing to sell it for, hoping greed would overcome logic. Beware.

    Dear Mr B…….

    Further to our telephone conversation today I can confirm that we now have in place a purchaser to take over your Diamond Las Calas II week Total of 3,200 GBP

    The payment we ask of you is held as security against your ownership documents which we cannot take from you until you have been paid with cleared fund in your bank account.

    Upon receiving your ownership documents we will return your security payments directly to your bank account. However if you do not release your ownership documents to us within 30 days of being paid your deposit will be used to instigate legal proceedings to either recover the payment made to you or obtain your ownership documents.

    The security payment is 765 GBP which is held in our business escrow account and will not be used at any time during the contract. We expect to complete in approx., 40 days from receiving your signed contract.

    Upon receipt of this payment your final contract will be sent to you for approval and signature.

    Once we have received this paperwork and everything is in order we will process your payment.

    Upon completion of the contract and receipt of your ownership documents the deposit you have placed with us will be returned to you.

    Account name: Propiedades Andalucia Sur S.L

    Bank name: Banca March

    Bank address: Avda Ntro. Padre Jesus Cautivo 34, Edif. Ofimar, Local 4, 29640, Fuengirola, Malaga

    IBAN number: ES11 0061 0331 1100 1270 0114

    SWIFT CODE(BIC): BMARES2M XXX

    When you have completed the bank transfer please call us on 08712465611 to confirm

    Kind regards

    Nico

  3. hans says:

    August 03.
    Ja, de holder fortsatt på. Er oppringt av JRG – Eva Johansson. De skulle selge mine 2 uker i Club Calypso, Lanzarote, til en russer for 14.700 euro. Måtte imidlertid betale inn ca 1.500 euro som sikkerhet. Dette er helt sikkert SC**.

    Hilsen
    Hans K

  4. Dave says:

    Me too:

    Dear Mr xxx
     
    Further to our telephone conversation today I can confirm that we now have
    in place a purchaser to take over your Hollywood Mirage 1 Bed Week 31  
    you will be paid a total of 5,000 GBP.

    The payment we ask of you is held as security against your ownership
    documents which we cannot take from you until you have been paid with
    cleared fund in your bank account.

    Upon receiving your ownership documents we will return your security
    payments directly to your bank account. However if you do not release your
    ownership documents to us within 30 days of being paid your deposit will
    be used to instigate legal proceedings to either recover the payment made
    to you or obtain your ownership documents.

    The security payment is 1,320 Euros this will be held in our business escrow
    account and will not be used at any time during the contract. We expect to
    complete in approx., 31 days from receiving your signed contract.
    Upon receipt of this payment your final contract will be sent to you for
    approval and signature.

    Once we have received this paperwork and everything is in order we will
    process your payment.

    Upon completion of the contract and receipt of your ownership documents
    the deposit you have placed with us will be returned to you.

    Account name: Propiedades Andalucia Sur S.L

     Bank name: Banca March

    Bank address: Avda Ntro. Padre Jesus Cautivo 34, Edif. Ofimar, Local 4, 29640, Fuengirola, Malaga

    IBAN number: ES11 0061 0331 1100 1270 0114

    SWIFT CODE(BIC):  BMARES2M XXX

    When you have completed the bank transfer please call us on 08719711154 to
    confirm

    Kind regards

    Allen Baxter
     
    So what can be done? Tell the police?

  5. Ivar says:

    I hav just been contacted by a woman talking swedish, and calling herself Lena Johansson. She was calling from tel.no. 006660001317 and later from 0075000061699. She told me her company (Jeff Randall Group) had been in contact with russians who were interested in paying 22,750 Euros for my timeshare points. However i had to pay 1,845.25 Euros as a security against my ownership papers. I would get the money refunded later because the russians would be paying all expenses. I got an e-mail with the same information written in english. The name of the account to which I was supposed to send the money was the same as mentioned above Propriedades Andalucia Sur S.L. The name of the bank was now Banca March. I was also told to send a copy of my passport or another ID-card with the assignment of the contract. When I asked for more detailed information about JRG she got irritated and said I had to decide now whether I would sell or be left with my apartment. I have also got several telephones from people who should help me in a trial so I could get a refund for what I paid for my timeshare several years ago.
    Ivar

  6. Tony says:

    Further to my previous posting the email comes from “holidaydiscountwarehouse.com” and the woman signs herself as Lucy Brown

  7. Tony says:

    I have been asked to send 800 GDP to this bank account so that my timeshare can be sold to a Russian conglomerate. I see the name below has come up before.
    The lady who phones sounds mature and very re-assuring. I assume it is a scam.
    Account Name: Propiedades Andalucia Sur S L
    Bank Name: Cam Bank
    Bank Address: Av Conde S.Isidro-ESQ Marconi 29640 Malaga Fuengirola.
    IBAN Number: ES68 2090 0567 6102 0007 8664
    SWIFT CODE(BIC):CAAMES2A

  8. George says:

    I have been contacted yesterday and today by this company and gave me the same spil as all of the above people, they have told me that I need to act fast as the cut off point for clearing the supposed funds held in a Spanish bank is the latter part of April 2012. They calculated that I would receive 72% of £13,695 within 30 days of signing a contract for legal fees and sending the relevant reclaim certificate etc. I have received an email setting out the various stages to process, but I note that bank transfer of 785 Euros is to be paid into JRG’s Account and not to the so called solicitors, that also raised alarm bells with me of yet another scam.

  9. Bryan says:

    I have been contacted by a Dan Taylor who said he is part of this crowd giving all the same spil as above and have parted company of 798.00 euros for which they have acknowledge receipt and today had a phone call asking for 3K+ to pay Spanish tax before releasing 65% reclaim voucher.
    Is there no end to these skames and how do I get some of the money I have paid out trying to retrive some?

  10. Contacted by a rep of this company today trying to book for a phone call from ‘Another Lady’ who will explain everything. They cut off abruptly when I questioned them about their connection to the Spanish government.

  11. liz stone says:

    we have just been contacted by JRG Equity release promising us £17,250 for Timeshare points IF we send them £995.00. This really does seem to be too good to be true as we have been trying to sell these points for over a year

  12. Beryl says:

    Beryl March 8th 13.35
    I have just been contacted by JRG Equity Release with the same sort of promises etc. as quoted above. Unfortunately I have also been contacted by several other companies claiming to be able to sell the club membership. Like you, I am getting truly fed up with all the scams that are going on at the moment and the old saying `if it sounds too good to be true then it probably is` is the mantras to adopt.

  13. louise says:

    I am new to all this. I am trying to sort out at executor to my late uncle’s estate, his affairs for his wife, who had a stroke 3 years ago. They appear to have had dealings with DWVC & Half Moon Holdings. Then been caught again by TP Assosiates. I am at a loss as to how if I can resolve this, He invested into this and has had telephone calls demanding money which it appears he paid as well as 1200 Euros to TP Associates, my Aunt is now in a very serious financial situation and could lose her home. What if any chance have I of recovering any monies for her, who can we trust about this. It seams more and more companies are scams to clear each mess out.
    Please advise
    Louise

  14. John says:

    Yes I was cold called yesterday and today by JRG Equity Release making similar claims about getting refunds of Reclaim certificates. They want me to pay 672 euros legal fees up front with the possibility of getting 22000 GBP back from Reclaim. I was suspicious because the recipient of the 672 euros was to be PROPIEDADES ANDALUCIA SUR SL. When I asked for the name of the lawyers in Spain they said their company represents a consortium of 22 legal firms and they pick up claims on rota so did not know which specifically would be handling my claim.

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