Start the Week: Major International Fraud Smashed

We start this week with a report from La Provincia, a Spanish newspaper published on the 25 August 2018. It reports on Operation Bankog by the Judicial Police of the Guardia Civil based out of Puerto Rico in the municipality of Mogan, Gran Canaria, they have broken an international ring which was dedicated to defraud foreign nationals.

The organisation was based in the Balearic Islands and Malaga, with five people being arrested, two spanish citizens, one Austrian one British and one German, with the seizure of twenty bank accounts which recovered more than 15,000 euros.

The members of the organisation represented themselves as Spanish Justice Administration officials, receiving payments into Spanish bank accounts for payments and public taxes in respect of a bankrupt timeshare located in Austria. These took place between 2014 and 2015, and involved around twenty members of the organisation from seven different countries.

During the initial stages, a complaint was verified which proved that victims had transferred around 20,000 euros into Spanish bank accounts. These accounts were located in Palma de mallorca and Malaga, with the Guardia Civil reporting that many of the account holders were foreign nationals with criminal records some having outstanding warrants from their home countries.

The Guardia Civil is also investigating the forging of official documents which were used to perpetrate the fraud. The case has been submitted to the relevant courts with the investigation continuing and further arrests have not been ruled out.

According to the Guardia Civil the investigation has take three years due to the complexity of the organisations infrastructure, the number of nationalities involved and the many bank accounts. They believe that the amount could be well in excess of half a million euros. It also involved the collaboration of various Interpol offices around Europe.

Inside Timeshare received information from a reliable source that the investigation was initiated by denuncias issued to the Guardia Civil in Mogan,  by Canarian Legal Alliance on behalf of many of their clients.

As more information comes to light Inside Timeshare will bring you the news.

Click on the link below to see the original article, if using google the page can then be translated by right clicking on the article and selecting Translate from the menu.

https://www.laprovincia.es/sucesos/2018/08/25/guardia-civil-mogan-neutraliza-organizacion/1091317.html

The summer holidays are now at an end, so we issue our usual warning on doing your homework before dealing with any company that contacts you out of the blue, or even one you have found yourself on the internet. With maintenance fee bills about to be issued, the many scam companies will be in full swing to get your hard earned money. These will come in many guises, from resale scams, claims and cancellations, before doing any business, check, check and check again.

If you are unsure about any company and require help in find out about them, use our contact page and we will point you in the right direction. Inside Timeshare would also ask you to send any information about these companies to us, that way we can inform others of what is happening.


One Comments

  • Nancy Williams

    September 4, 2018

    There appears to be no end to what unscrupulous people will do to take advantage of those most vulnerable. Hoping at some point there will be accountability and justice for these crimes.

    Reply

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