Holiday ‘fraud’ probe needs cash to bring prosecution

DailyEchoCredits: Bournemouth Echo
By: Steven Smith, Chief Reporter

THE latest investigation into a convicted conman from Bournemouth is at “an advanced stage” – but Trading Standards officers face not being able to bring a prosecution because of the cost.

Kwikchex, a Bournemouth-based firm that manages a website advising consumers regarding businesses that operate in the timeshare sector, has been providing information for the investigation.

Chris Emmins, co-founder of Kwikchex, said: “Such offers are usually revealed as false, with consumers able to purchase at similar or lower prices, particularly on the internet or teletext, without any need to pay upfront.”

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Investigators suspect fraudster still targeting elderly for scams – but, incredibly, say they can’t afford to prosecute after savage cuts

DailyMailCredits: Daily Mail
By: Sarah Bridge

Mail on Sunday article about serial timeshare fraud offender Frank Madden reveals problems Trading Standards face – and includes how KwikChex is cooperating with them to assist investigations and prosecutions. All consumer reports to KwikChex and the Timeshare Task Force are also made available to the relevant authorities regardless of the subject of the report to ensure correct processes take place and to increase enforcement effectiveness.

Above excerpts and read the full article on www.dailymail.co.uk

European Timeshare Leaders Create a New Task Force

PRWebCredits: PR Web

The leading businesses and bodies in the European timeshare sector have launched a new initiative to tackle issues that potentially affect hundreds of thousands of timeshare owners and consumers; the initiative also signifies a new era reflecting the great strides forward that the industry has taken in quality and integrity.

The Timeshare Task Force brings together RDO’s own enforcement operation, resorts, timeshare owners, consumer organisations and law enforcement agencies to achieve common goals. At the top of the priority list is tackling the rogues that have been defrauding timeshare owners and consumers to the tune of millions of Euros.

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Tarnished timeshare industry acts at last and sets up own regulator as fraudsters’ new twist hits victims TWICE

NewscomauCredits: This is Money
By: Sarah Bride

The battered timeshare industry has set up its own regulator in a desperate attempt to tackle organised criminals defrauding customers, and to restore a reputation left in tatters by a string of scandals.

The latest spate of fraud aims not to sell new holiday timeshares but to sting existing owners. Often short of cash and facing retirement – or regretting their original investment – they are being targeted with fake offers to buy out their timeshares or switch them into new holiday deals that may not even exist.

Above excerpts and read the full article on www.thisismoney.co.uk