Five men have been jailed for a total of nearly 18 years, following a criminal prosecution by the Financial Conduct Authority. They have been found guilty of scamming more than 170 victims out of £2.8 million, in a complex boiler room scam.
The judge said “Some victims lost everything they had” and “their […]
Latest Headlines From The Timeshare Industry
Tuesday 11th September 2018
Hilton Grand Vacations Expand To The Caribbean.
Hilton Grand Vacations has announced that it is expanding its timeshare holdings to the Caribbean, and is planning a purchase of The Crane Resort in Saint Philip, Barbados. It is expected to sell for $54.6 million.
Hilton Grand Vacations is acquiring the existing one, two and three […]
Couple Lose £272,000 as holiday home dream collapses !
Monday 10th September 2018
Police have been called in to investigate after a couple from Bristol lose a holiday home and £272,000 in life savings, after the collapse of a £10 million foreign exchange firm. Civil servants, Bryn and Trish Pailing were fortunate enough to retire early and were about to complete the purchase of a […]
Latest Finance and Business News
Thursday 6th September 2018
Government saves £300m in two years by preventing fraud and error.
The government’s national Fraud Initiative (NFI) has saved over £300 million in taxpayers money, in a two year period. Chloe Smith, Minister for the Constitution, has announced over £300 million in savings, made from clamping down on fraud and error. “We are […]
Another Successful Claim
Wednesday 5th September 2018
Here at Mercantile Claims, we have the pleasure of helping many clients end their nightmare timeshare experiences and helping them reclaim money for contracts that were mis-sold to them. It is extremely rewarding to be able to help so many clients, who more often than not have been through years of financial […]
Some News From The Timeshare Industry
Tuesday 4th September 2018
Another Timeshare scam, this time from Malta !
Police in Malta and the Malta Tourism Authority are investigating a timeshare company who allegedly defrauded clients out of thousands of euro’s. The company named as Platinum International Malta Ltd sold a timeshare membership with cost between €2,000 and €3,500 and promised to provide its […]
Another Successful Claim
Monday 3rd September 2018
Mercantile claims have the pleasure of helping over 6,500 clients terminate their timeshare burdens, which often have caused years of financial hardship and stress. It is extremely rewarding to be able to help so many people, who more often than not have been through some thoroughly harrowing experiences.
Being able to provide these […]
Timeshare owners face further financial exploitation from scammers, warns action fraud!
Friday 31st August 2018
A recent increase in cases of Timeshare owners being targeted for further exploitation has prompted Action Fraud to warn owners to be on the lookout. Scammers are actively seeking out Timeshare owners who may be vulnerable or previously mis-sold their Timeshares and telling them they are owed compensation. The scammers pose as […]
Financial Ombudsman Service Tells Banks To ‘Stop Blaming Victims’ !
Thursday 30th August 2018
In their latest newsletter, the Financial Ombudsman Service (FOS) has warned banks to treat victims of financial fraud more fairly, instead of assuming the victim was grossly negligent and to blame.
FOS see thousands of complaints from customers, who have had money stolen from their accounts, and assesses cases where the bank and […]
Scams We Should All Be On The Lookout For
Friday 24th August 2018
Here are just some of the scams we should be on the lookout for.
Police are warning people over doorstep scammers who pose as ex-offenders. The scam involves people posing as ex-offenders going door to door selling items and Greater Manchester Police force are so concerned they have issued a warning. Bogus […]