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 stories were at times positively heart-breaking.” He added that elderly people had been specifically targeted.

The men worked in a boiler room, where they cold called victims and using high pressure sales tactics, sold worthless and overpriced investments to the public. The name boiler room refers to … Read more

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 bedroom timeshare suites that operate and are currently owned by Millennium Investments Ltd. The deal will take 3 years to complete but sales will start by the end of this year. The Resort will be available for existing Hilton Grand Vacations members from January next year.… Read more

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 dream home on Portugal’s Algarve coast.

It all began when the couple attended a ‘Place In The Sun’ exhibition in 2015 and met with Premier FX, who were sponsoring a Portuguese stand. They spoke with company representatives, who explained they acted as a foreign exchange company, that … Read more

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 determined to build a fairer society and stopping a small group of unscrupulous people, who break the law, will help us achieve this”.

Over the last two years, NFI has saved over £300 million in taxpayers money, the equivalent of the annual salary for 7,843 full time … Read more

Here at Praetorian Legal, 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 hardship, worry and stress.

Today, we have the pleasure of sharing with you, yet another successful claim for compensation for one of our lovely clients, who has received a settlement of £5,949.99.

Our client originally purchased their timeshare in the 90’s with Club Infiniti and for many years … Read more

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 members with heavily discounted hotel bookings and holiday packages. The membership covered a range of locations in five destinations, all the customer had to pay was €500 to Platinum for the service.

Instead of providing the services they had promised customers were left  with unpaid hotel bills … Read more

Praetorian Legal 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 clients with a resolution and a successful claim is why we strive so hard to help owners navigate their way out of the Timeshare trap.

We have the pleasure of sharing with you yet another successful claim for compensation for one of our clients who has received … Read more

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 reputable companies offering unsuspecting customers exit from their timeshare burdens for a fee and promising to be able to reclaim compensation.

The scammers are aware of the Timeshare owners personal information from their previous investments which provides them with false credibility. They request upfront fees from owners … Read more

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 customer both say they are not responsible for the loss.

Often victims have had their life savings stolen in sophisticated scams and to make matters worse, the banks often refuse to reimburse their customers when this happens. As state-of-art scams become more prevalent and more convincing, the … Read more

Some towns no longer have a bank or won’t have a bank by the end of the year. Latest figures published by Which? Say nearly 2,900 branches nationwide will have been lost between 2015 and the end of 2018. In the West Midlands alone 208 branches have or will be closed by the end of the year.

The banks say a significant drop in footfall makes many branches unviable. But many people are upset and feel their communities are being treated unfairly.

The people affected the most are local businesses who operate during business hours and need to deposit cash … Read more