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Timeshare Resorts Setting Sites On Urban Destinations

Diamond Resorts Investing in St. Louis.

Diamond Resorts is turning a hotel in St Louis into a timeshare destination. Diamond has purchased six floors of the 29 storey City Place Hotel and will convert the six floors into luxury timeshare apartments. Once the redesign is complete in 2020, City Place Tower will be Diamond’s flagship urban destination.

Michael Flaskey, chief executive officer of Diamond Resorts, said: “St. Louis is a new market for the industry and we are proud that Diamond Resorts will be the only company offering vacation ownership accommodations for the millions of families who explore St. … Read more

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Talking of Timeshares …..

Timeshare Resort Under Fire For Not Paying Taxes.

A large timeshare company based in India is under the spotlight for allegedly not paying their taxes to the department of Excise and Taxation. Officials at the Indian department have accused the timeshare resort of not paying their taxes in the state where their head offices are located, but not paying taxes for where their resorts are operating.

The Excise and Taxation Department have served a recovery notice on the resort In question and accused them of tax evasion. The tax has been calculated as per minimum rental occupancy, but taxes … Read more

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£21 Million Lost To Computer Software Service Fraud

£21 Million Lost To Computer Software Service Fraud
Action Fraud have launched a new campaign to warn people about Computer Software service Fraud. It is one of the UK’s top five most reported types of fraud. In 2017/18, over 22,000 people have reported being scammed and the total loss combined is £21 Million.

Action Fraud received 22,609 reports from members of the public, concerning Computer Software Service Fraud and a total of £21,365,360 being stolen by scammers. Action Fraud report the average age of a victim is 63 and people living in London and Bristol are most likely … Read more

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More Mis-sold Financial Products !

Solar Panels, The New Nightmare For Barclays !

Barclays may have to pay a £38.5 million bill to homeowners over loans taken out to fund solar panels which may have been mis-sold. Barclays Partner Finance is a subsidiary of the bank and has said it will put aside a fixed amount to settle customer claims for compensation. They have also employed the services of solicitors to review its liabilities in relation to the case.

It was revealed in May that solar sales agents had misled homeowners into signing up to loan agreements for solar panels. After a surge in complaints … Read more

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Tesco Fined £16.4 Million Over Cyber Attack

The Financial Conduct Authority has handed down a massive fine to the supermarket bank following a cyber-attack In November 2016. The attack did not result in any theft or loss of personal customers data, but did lead to 34 transactions where funds were debited from personal accounts and millions were stolen.

Tesco bank is the financial arm of one of the UK’s largest supermarket chains and holds 5.6 million customer bank accounts.

The FCA says that Tesco failed to protect its customers and is holding the bank accountable for its lapse in risk management. This is the first time the … Read more

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£500 Million Stolen From UK Bank Accounts !

A new report states that £500 Million has been stolen from customers of British banks in the first half of 2018 alone.

Industry group UK Finance says £145 Million of the stolen amount was due to APP scams, or Authorised Push Payments. APP crime is the fastest growing type of crime and these new figures show a sharp increase in the amount stolen from 2017. In short, APP fraud is where a victim believes they are paying for a legitimate service or item and the criminal poses as a trusted third party and redirects the payment to a different account.… Read more

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£500 Million Stolen From UK Bank Accounts !

A new report states that £500 Million has been stolen from customers of British banks in the first half of 2018 alone.

Industry group UK Finance says £145 Million of the stolen amount was due to APP scams, or Authorised Push Payments. APP crime is the fastest growing type of crime and these new figures show a sharp increase in the amount stolen from 2017. In short, APP fraud is where a victim believes they are paying for a legitimate service or item and the criminal poses as a trusted third party and redirects the payment to a different account.… Read more

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Pension Scam Victims Win Case Against Mis-sold SIPP

The Financial Ombudsman Service has upheld a complaint bought by five individuals who lost nearly £100,000 after transferring their savings following a free pension review.

The decision made by FOS could offer hope to thousands of other victims, who have lost their savings in SIPP’s, a successful way to claim back their money.

The five individuals invested into schemes, including Ethical Forestry and Global Plantations, between 2013 and 2016. The 5 victims alleged Guinness Mahon Trust Corporation worked with unregulated introducers, to facilitate non-standard investments.

The five victims were cold called and persuaded to invest their pension pots into … Read more

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Couple Lose £272,000 as holiday home dream collapses !

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

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Passengers stuck for up to six hours in heatwave because of Eurotunnel delays!

It was one of the busiest weeks of the year for Eurotunnel but travellers were left frustrated when their holidays got off to a bad start.

Massive traffic jams formed on the M20 near Folkestone, in Kent, with drivers abandoning cars to seek shade, on the hottest day of the year. Some passengers reported seeing a mum holding a child, faint in the heat in the packed terminal, as temperatures in cars reached 39C. Eurotunnel staff resorted to opening a fire hydrant so children and pets could cool off, as drivers complained they had no access to water.

The delay … Read more

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