Action Fraud UK has published an alert on their website about the fact that former victims of timeshare frauds are now contacted again by what they call “Recovery Room fraudsters”
“Recovery Room fraud is a method where scammers contact victims of previous frauds (often by cold calling) and claim to be able to recover previously lost funds. In July 2014 the Financial Services Authority (FSA) estimated that 30% of people who had lost money through Investment fraud would also fall victim to a Recovery Room fraud.
When Recovery Room fraudsters target victims of timeshare frauds they usually claim to be a legal professional or a representative of a government agency (normally within the country where the original timeshare property was based) in order to appear legitimate…”
Fraudsters already know personal information!
If you want to read the full article posted, then go to the following link: http://goo.gl/RkTcWr
How to protect yourself
- Never respond to unsolicited phone calls – if in doubt, hang up.
- Always check that the details of the organisation or company contacting you (such as website, address and phone number) are correct – the fraudsters may be masquerading as a legitimate organisation.
- Don’t be fooled by a professional looking website as nowadays the cost of creating a professional website is easily affordable.
- Be wary of any firms or individuals asking for advanced fees.
- Consider seeking independent legal and/or financial advice before making a decision.
We would like to add to this that in case you do get a call, please contact Mindtimeshare! We will be able to give you more information and advice about the cold caller, and the information you can provide will be vital for us as well.
Our cold caller list (https://mindtimeshare.me/cold-caller-list/) is based on the information we receive from consumers, and this list is used by many timeshare consumers who are on the lists of these “fraudsters”.
You better be safe than sorry!