Fraudsters target timeshare owners! Over £7 million of losses reported to Action Fraud

Action Fraud has just published their latest numbers on reports received from defrauded timeshare owners between January and July this year.

In the mentioned period 1,155 reports of timeshare recovery fraud were made to Action Fraud.

In the same period, victims reported losing £7,893,028 – an average of £14,000 per victim.

How is this happening? 

Reports show that fraudsters are taking advantage of previous fraudulent or mis-sold timeshare schemes and are advising victims that they are owed compensation. Victims are told that they need to pay a fee to obtain this money.

Victims who have invested in timeshares abroad are being contacted by fraudsters claiming to be from reputable authorities. Victims are being offered the opportunity, either by phone call or letter, to reclaim money back from their timeshare or to exit early for a fee. Fraudsters are then advising victims that the amount ‘owed’ can be released.

The fraudsters are aware of the victim’s personal details from their previous investment, giving them false credibility. The requested fees range from £2,500 to £9,000 and additional fees have also been requested to cover maintenance or legal cover.

The victims, who are from across the UK, are aged between 50 and 81 years old.

This has been an on-going issue, with 1,155 Action Fraud timeshare recovery reports recorded from January to July 2018, with an average loss of £14,000 per victim.

Protect yourself from timeshare recovery fraud

  • Always check that the details of the organisation or company contacting you, such as the website, address and phone number, are correct as the fraudsters may be posing as a legitimate organisation.
  • Be aware of recovery fraud if you’ve fallen victim to fraud in the past. Challenge or ignore any calls, letters or emails from people you don’t know or companies you’ve never contacted yourself.
  • Ask how they found out that you had been a victim. Any report of fraud is protected by law and can’t be shared with anyone else outside of law enforcement agencies.
  • Challenge any calls, letters or emails from people you don’t know or companies you’ve never contacted and if you’re asked to pay, or give your bank account details, end all contact.
  • If you think you have been a victim of fraud, report it to Action Fraud online or by calling 0300 123 2040.

Please always report to Action Fraud if you have been defrauded or if there has been an attempt of fraud!



About mindtimeshare

Mindtimeshare SLU is registered Company reg number: B35957182 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:
This entry was posted in Bogus Holiday Clubs, Bogus resale companies, Canary Islands, Cash Back, Companies closed down, Costa del Sol, Directive, Flybuy Operator, fraud, Legal Services, Mediation services, Tenerife, Warnings and tagged , , , , , , , , , , , , , . Bookmark the permalink.

2 Responses to Fraudsters target timeshare owners! Over £7 million of losses reported to Action Fraud

  1. Tim says:

    ML Advisory in Swansea? Good / Bad / or indifferent anybody…..

  2. John says:

    Is Andrew lewis a genuine recovery company ?

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