Transfer Smart News: Timeshare Investigation Results to a 55-Year-Old Man Arrest

Recently, a 55-year-old man from Banbury has been arrested as a result of an investigation of a timeshare scam originating in Spain. The investigation was launched by Thames Valley Police in July. The complainant testified that he had been targeted by a scam in which people wanting to get out of their timeshares are contacted by a marketing company and told that there are buyers lined up.

However, to go on with the sale, there’s a £1,000 administration fee to the company called Golden Sands Marketing, which gave its correspondence address as Horse Fair, Banbury. Meanwhile, the police visited the address and closed down a mailbox, where letters were being held before being sent onto Spain.

There are more than 100 letters which have been found out so far and officers are informing the senders about the ongoing inquiry. According to the Thames Valley Police, its officers have been liaising closely with Oxfordshire County Council’s tading sandards department, as well as the Spanish authorities, throughout the investigation.

As a result of the investigation, a 55-year-old man was arrested on suspicion of conspiracy to defraud. The man will be released on bail until January 2011 for further enquiries to take place.

On the other hand, PC Suzanne Cubitt of Banbury police station said,they believe people across the country who want to get rid of their timeshares have fallen victim to this scam and are keen to get the message out that timeshare owners are being targeted in this way. She added that they are urging people to be vigilant and think carefully before making payments over the phone as a result of unsolicited calls.