Associated Timeshare Business
Associated Company Name:Future Developments (UK) Limited
Future Marketing (GB) Limited
(Both Companies Dissolved)
Details of criminal activity:Sold 26 clients small patches of land in Burnley which were unlikely to accumulate any value. McCrae had purchased the plots and he became aware that Adamson and Holt were misleading clients and he turned a blind eye.
The land was 17 acres, divided up to be sold on a speculation basis, but it was green belt land and it wasn't likely to receive planning permission.
McCrae spent £48,000 on the land and employed his two co-accused to help sell it. He used a database of contacts he gained from living and working in Tenerife.
He focused on people who had worthless timeshares on which they still had to pay maintenance charges of up to £1,000-a-year. They were contacted and told that for £250, they could get rid of these liabilities and exchange it for a plot of his land.
The victims were invited to a business address in Tunstall where they met Adamson and Holt, who told them the land was likely to quadruple in value in the coming years and they could also get money from an EU timeshare compensation scheme. But that EU fund was completely bogus and the land banking scheme was unlikely to increase their investment.
Authority Actions:Jan-2012
* Jailed for 18 months.
* Fraudulent trading between 2009 and 2010.
Information Sources:
Other Associated People
Jeremy Adamson
Andrew Holt
Report your concerns
Information & disclaimers:
Timeshare Business Check is managed by KwikChex does not endorse any product, service or business. This information is provided to assist you in your decision to use a particular business or website. Some information within this table has been manually checked by our verification team, using reliable and trusted sources, but we cannot guarantee total accuracy. **See How we verify. The information provided on the Timeshare Business Check site should not form the entire basis of any decision to make a purchase or enter into a contract. You should pay particular attention to aspects such as terms and conditions and if unsure, seek further advice. Timeshare Business Check is not responsible for the content of external websites - *See full external links policy. This information is subject to change at any time. Last update: 25/03/2014
If you believe any of the information in this profile to be incorrect or have concerns about this company please contact us.
Thumbnail Screenshots by Thumbshots