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Pensions Company Scam, Compulsory Liquidation Ordered By High Court.

The High Court order the compulsory liquidation of rogue pension companies for misusing millions of pounds of pension savings and scamming up to 520 pension savers.

 

Fast Pensions LTD and five other related companies have been closed down in the interest of the public by the High Court. The official receiver in the Public Interest Unit North division is now the liquidator in charge.

The Insolvency Service discovered that 520 pension savers were tricked into investing £21 Million in 15 pension schemes, which now appear to be bogus.

Between 2012 and 2013, 520 people were coerced into transferring their … Read more

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What a Timeshare Sales Presentation Is Really Like !

For anyone who has not had the pleasure of experiencing a Timeshare Sales Presentation, here’s how one might go !

 

So you’ve accepted the free dinner, free accommodation, exclusive gift, or tickets to an attraction, and now all you have to do is sit through a “short presentation”. Sounds reasonable ? After all, you wouldn’t expect this freebie for nothing !

The Timeshare rep has done the easy bit, they have got you through the door by luring you in with a free gift, cash, tickets etc. You are, more than likely, already in a pretty good mood. After … Read more

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Home-Sharing, Marriott Vs Airbnb ?

Home-sharing websites, such as Airbnb and HomeAway, have been giving the holiday industry a run for its money of late, with many choosing to book through their easy to use online services rather than the more established holiday companies.

Marriott International have been piloting a home-sharing program which began in April. They ventured into the market on a six month trial, in collaboration with UK based home rental company Hostmaker.

Marriott already have 6,500 hotels and 110 million loyalty program members and are determined to grow even bigger by entering the home-sharing market.

Marriott have launched ‘Tribute Portfolio Homes’, which … Read more

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Con Woman From Birmingham Jailed For 9 Years

A Woman from Birmingham, who conned more than £20,000 from vulnerable people, has been jailed for 9 years. Derrol Flynn posed as a police officer to gain the confidence of her victims before stealing their cash. She had already been jailed multiple times for similar offences, stretching back 20 years.

Derrol Flynn starting cheating vulnerable people in and around Birmingham out of thousands of pounds when she was in her 20’s. She’s now 45, but will spend the next 9 years behind bars. Despite being released last January on license, halfway through an 8 year sentence for a string of … Read more

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Wyndham Worldwide Split Companies

Michael Brown, CEO of Wyndham Destinations, sat down with CNBC’s Jim Cramer, the network’s resident markets expert, to discuss the split up of Wyndham Worldwide to create Wyndham Destinations and Wyndham Hotels and Resorts, how this split will influence the timeshare market and, how it will benefit Wyndham shareholders.

 

Wyndham Destinations is now purely focused on their Timeshare Vacation Ownership product and investing in its future, by creating a strong brand and a greater market share for its investors. Michael Brown CEO explains: “We have had growth every single year, but what’s really interesting in terms of growth … Read more

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The Sophisticated Scammer, Timeshare Scams Have Doubled.

Timeshare, Cryptocurrency, Financial And Legal Scams Have Doubled In The Last Year !

 

More and more customers are falling victim to scams involving timeshare, cryptocurrency, binary options investments and bogus solicitors, according the the charity, Citizen’s Advice. Scammers posing as professionals from financial and legal services are on the rise and such cons now account for a fifth of all scams reported to Citizen’s Advice.

Citizen’s Advice have reported a 6% increase of these types of scams being reported to their advisory service this financial year and they have calculated that the median financial loss for these types of … Read more

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Scammers Stole Life Savings From Dying Woman

A Terminally Ill woman and her husband have lost £53,000 in lifesavings to scammers who posed as Santander Bank staff.

 

Carol and John Williams, both in their 60’s, were planning to use their life savings to purchase a new property, after Carol Williams was diagnosed with terminal lung cancer.

The scammers called Mr Williams on his mobile phone. Mr Williams was not alarmed by this, at first, as the number appeared on his phone screen as Santander Bank.

“They told me £15,000 was being taken out of my account by a Stephen King in Dundee, they said they needed … Read more

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Crack Down On High Interest Lending

The financial watchdog, the FCA, wants to crack down on high-cost-credit, an issue which effects more than 3 million people in the UK. The Financial Conduct Authority has announced plans to cap fees in the rent-to-own market, where you can but furniture or appliances by way of weekly or monthly payments, at a high interest rate. They also want to crack down on doorstep lending, where the lender comes to your home and collects payments. It also wants stricter regulations on catalogue shopping, which also charge an extortionate amount of interest on the goods they sell. On overdrafts, the FCA … Read more

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Hilton Grand Vacations Secures New Timeshare In Los Cabos, Mexico.

Hilton Grand Vacations invests $41 Million in Hilton Hotels, Los Cabos Beach and Golf Resort in Mexico.

Hilton Grand Vacations has long continued as a high profile vacation ownership brand. They are again increasing their presence in the market by purchasing 87 of the 375 hotel rooms within the resort.

The hotel is located between Cabo San Lucas and San Jose Del Cabo. The area has many popular attractions as well as one of the regions only swimmable beaches. The hotel features 6 food and beverage outlets, a 7,000 square foot spa and salon, and 88,000 square feet of indoor … Read more

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