Browse Tag

Beverly Hills Club

End of the Month Review

Welcome to the end of the month and our review of the articles and news for October. It was a month which saw the emergence of several new “fake” law firms and claims companies, some of which are reincarnations of ones we have reported over the past few years. October began with the story entitled Welcome to Cockroach City and ended with an update of our old friends the Litigious Abogados Family.

Welcome to Cockroach City was a horrific account of a families stay at their “5 Star” penthouse apartment in San Augustin Gran Canaria. They originally purchased the penthouse around 20 years ago at Airtours Beach Club now known as Bluebay.

Our readers provided many photographs of the disgusting state of the place, it is no longer “5 Star” but more of a “slum”.

https://insidetimeshare.com/welcome-to-cockroach-city/

On the 3rd October, we published an article based on the reports from El Diario and the Spanish television news TVE1 focusing on Anfi and Silverpoint. It focused on the attempts by both of these companies to avoid paying court-ordered payments to clients by shifting funds between bank accounts.

https://insidetimeshare.com/timeshare-companies-highlighted-in-spanish-news/

We then brought you an update on the latest incarnation of the Litigious Abogados Family, SG Abogados. This is just one of many fake law firms which Inside Timeshare has been following for the past 3 years, enticing timeshare owners with fake documents showing that their timeshare company has been taken to court and they have been awarded many thousands in compensation. The only problem is they must first pay a substantial amount to have the money released by the court.

Then on October 9th, we published yet another report from El Diario in which they reported that the Prosecutors Office in Tenerife had ordered an investigation into the movement of funds to avoid court-ordered payments. It was also reported that criminal charges for the “Crime of Obstruction of Justice and Frustration of Execution of Sentences”.

https://insidetimeshare.com/el-diario-publishes-another-article-on-silverpoint/

Our next article issued a warning on yet another two “scams” in the making, A Spanish Life and Litigation Services SL.

A Spanish Life began sending unsolicited emails contrary to the General Data Protection Regulations which forbid the sending of emails which are unsolicited. Their aim was to act as a lead generator for what we can only suspect is a “fake” law firm or claims company.

Litigation Services SL which we know is linked to another “fake” claims company Platinum Services & Administration SL. They claimed to be appointed by the courts to trace clients of EZE Group to help them retrieve the money which is being held by the courts. As we know, courts do not appoint private companies to do this and also they are not holding any money from EZE Group.

We then published yet another article on our friends Nordic Consulting, with a photograph of “The Team” outside their new offices. This did not go down well with some of those in the photo who emailed Inside Timeshare wanting it removed. They stated that they did not give permission for this to be published, but, after consulting with our legal team it was decided to keep the photo in place as it was already in the public domain and could be easily found on google.

Then on October 17th, we broke the news of more embargoes on 6 properties at the Beverly Hills Club and as the article was being prepared news came in of another 5 properties being embargoed. The reason, Silverpoint again was trying to avoid paying what the courts had ordered.

https://insidetimeshare.com/breaking-news-more-embargoes-on-silverpoint/

It was again time to report on the “fake” law firms, this time information that an old company called Solutions SL had teamed up with SG Abogados. Again this was to illicit payments from clients of closed down companies which they claimed was being held by the courts and they were appointed to help the clients retrieve.

Towards the end of the month Inside Timeshare published yet another article on our old friends in Tenerife Nordic Consulting and Viking Real Estate. This particular article focused more on Viking and the fact that their “Privacy Policy” statement showed that they had “cut and pasted” items belonging to a legitimate law firm. Obviously, their IT department is not as clever as they think they are.

On the last couple of days of the month Inside Timeshare published a warning about another new website which is targeting timeshare owners O-YOO. This is the trading name of a company called Consumer Contract Resolutions (UK) Ltd, but is actually operating from Southern Spain.

Then on the following day, we published an update on one of the controlling minds of the company Trevor McClintock. It transpired that he had been found guilty of fraud back in 2015 and was also barred from being a company director for three years. This did prove the point that the chance of this company and website is a fraudulent operation and timeshare owners should avoid them like the plague.

So that was October, there were many more articles than we have highlighted here, but you the reader can always select October from the menu and read them again for yourselves.

Now it November and we will be seeing even more dodgy companies contacting timeshare owners, after all, it is the time for the annual maintenance bills to be hitting the doormat.

As usual, Inside Timeshare issues, the warning

DO YOUR HOMEWORK BEFORE ENGAGING WITH ANY COMPANY.

Timeshare Companies Highlighted in Spanish News

Inside Timeshare has recently been publishing articles on the legal challenges regarding the attempts of various timeshare companies to avoid paying out to clients who have won their cases against them. On 30 September the Spanish newspaper El Diario published an article on the seizure or embargos of properties, yesterday another newspaper El Dia published a similar article.

Both articles focus on Silverpoint with El Diario also bringing in Anfi, both companies have been working, in the same manner, to delay or avoid paying clients the money that the courts have ordered.

The methods they are using are constant appeals to the High Courts which even the judges in those courts are seeing a frivolous. Other methods they are also employing is the transfer of funds from the bank accounts of the named companies in the court cases.

At the forefront of these legal challenges to enforce the sentences of the courts is Canarian Legal Alliance, who have achieved the first embargos on the properties of Beverly Hills Club. Six apartments have had an embargo order placed on them, this means that if Silverpoint fails to honour their commitment to pay the clients, then the properties may be auctioned to cover the debt.

The total amount of the properties is estimated to be around 1.5 million euros, this is a huge amount and will cover many clients who are waiting to be paid what they are owed. One UK client who has been awarded over 13,000 euros is one of those in this first case, the apartment embargoed on their behalf is worth around 250,000€. So the question is why don’t they just pay up?

Well, I think we all know the answer with regards to Silverpoint, it is to ensure that the Trotta family do not lose out on their inheritance of the late Bob Trotta’s fortune.

With regards to Anfi, not only have the newspapers been reporting on their attempts to avoid paying, Inside Timeshare reported in July on the item aired on Spanish National Television New TVE1. The report was how Anfi is moving funds around their different bank accounts so that any embargo on the accounts of the Anfi entities named in the court’s cases are empty.

This report also included an interview with one of the senior litigation lawyers of Canarian Legal Alliance Eva Gutiérrez, she explained what Anfi are doing and what procedures CLA have in place to thwart their moves. She is also seen with a document showing all the various accounts used by Anfi.

Inside Timeshare also published the news that a full-blown investigation into the antics of Silverpoint has been ordered by the State Prosecutor of Tenerife. This may result in criminal charges being brought against the administrators of Silverpoint, one being the Obstruction of Justice. When these charges are brought and a conviction secured then the perpetrator may very well face up to 4 years in jail.

https://insidetimeshare.com/start-the-week-legal-news/

El Diario article

https://www.eldiario.es/canariasahora/tribunales/embargos-timesharing-Tenerife-Silverpoint_Vacations-sentencias_0_947005591.html

English translation

https://translate.google.com/translate?sl=auto&tl=en&u=https%3A%2F%2Fwww.eldiario.es%2Fcanariasahora%2Ftribunales%2Fembargos-timesharing-Tenerife-Silverpoint_Vacations-sentencias_0_947005591.html

El Dia article

https://www.eldia.es/tenerife/2019/10/02/juez-ordena-primer-embargo-empresa/1013237.html?fbclid=IwAR21Utr460C6GT2beA7aVPp_TDpBKKLrNasJufRdtI_RzAeeDMdHzf7vENk

English translation

https://translate.google.com/translate?sl=auto&tl=en&u=https%3A%2F%2Fwww.eldia.es%2Ftenerife%2F2019%2F10%2F02%2Fjuez-ordena-primer-embargo-empresa%2F1013237.html%3Ffbclid%3DIwAR21Utr460C6GT2beA7aVPp_TDpBKKLrNasJufRdtI_RzAeeDMdHzf7vENk

Link to the TVE1 news item with English subtitles.

If you would like further information on any timeshare contract purchased in Spain after 5 January 1999, to see if you have an illegal contract and are able to claim along with having your contract declared null and void, then use our contact page and we will point you in the right direction.

Remember, there are many companies getting in on the bandwagon not all are what could be called genuine. If you have been contacted by any company offering you the chance to claim and you want to know if they are genuine, again use our contact page and get in touch.

German Version

https://translate.google.com/translate?hl=&sl=auto&tl=de&u=https%3A%2F%2Finsidetimeshare.com%2Ftimeshare-companies-highlighted-in-spanish-news%2F

Norwegian Version

https://translate.google.com/translate?hl=&sl=auto&tl=no&u=https%3A%2F%2Finsidetimeshare.com%2Ftimeshare-companies-highlighted-in-spanish-news%2F

Update: Silverpoint, Nordic Consulting and the Farhouds

So here we are again, with more information supplied by our readers on the link between Silverpoint Vacations and the Farhoud Brothers, today we highlight a case a client who purchased and “apartment” via the “Company Participation Scheme” from the Silverpoint salesman, Alex Farhoud.

As we know he no longer works for Silverpoint but is a consultant for his brother’s company Nordic Consulting Canary Islands SL, who are now making more money from the very people they sold the scheme to in the first place, this time through dubious legal action against their former employer Silverpoint.

It all began with a visit to Tenerife in 2017 and a subsequent invitation for a return visit with discounted air fares and two week stay at Beverly Hills Club. The only “condition” was they would have to attend an “information” meeting with Silverpoint.

Once they arrived they were contacted by the Silverpoint representative Alex Farhoud. They attended the arranged meeting and were greeted by the friendly Alex. He began in the time honoured timeshare “warm up”, enquiring into their health, how they are enjoying their stay and giving information on the variety of restaurants, trips and attraction that Tenerife had to offer. All designed to put them at ease.

Alex Farhoud

Eventually the conversation switched to a proposal which would be of great interest and benefit to the client, namely how they could purchase an apartment at Beverly Hills Club well below the market value, this equated to about 60% less.

He went on to explain that they would be able to use the apartment for up to half of the year and for the rest rent it out for a considerable income. Although they would have to wait a few years they would receive “compensation” of 4.5% of the the purchase price, around 155,000€

Alex Farhoud explained the business structure with the aid of the tried and trusted “pencil pitch”, (of which Inside Timeshare has a copy).  It shows the workings of the 4.5%, which would equate to 6,975€ which they would receive in the first year as compensation of forthcoming rental income.

This forthcoming rental, was also shown on the hand written “pitch” and showed the proposed income of 21,623.51€, although the amount was actually shown in Swedish Kroner. There would also be a 19% tax deducted from the amount to be paid to the Spanish Tax Authority. This note does have Alex Farhouds name on it.

For the purchase to go ahead a deposit of 5,000€ was payable at that time with the balance of 150,000€ within the next couple of months.

As they had received so much information it was proposed that they would return the following day after looking over the paperwork.

They obviously had many questions they wanted answers to.

According to the paperwork, they would not receive “title” to the property until all the “timeshares” had been freed from their owners, a process that would take approximately 3 years. The paperwork also stated that they were not purchasing “timeshare”.

Moving on to 2018 early 2018, Alex Farhoud makes contact with an important announcement, problems had arisen with the lease. He also announce that he had parted company with Silverpoint, but did not elaborate if he resigned or was dismissed. Now that he was an independent agent he would be able to restore the original terms of the Rental Program Agreement, but this would entail a payment of 2 x 5,000€, paid in two instalments.

It would also appear other “buyers” had received similar information.

Nordic Consulting Canary Islands SL

Step in Nordic Consulting, as we have stated the CEO is Ali Farhoud, Alex Farhoud is the consultant. They announced they had “found illegalities” in the agreements, that what they had purchased was “timeshare”, which as we know is subject to some very strict laws in Spain.

Ali Farhoud

Nordic Consulting explained they had already taken several cases to court where the contracts were cancelled with the client receiving back full payment. They proposed that they would take on the case and help this purchaser. The cost would be over 30,000€ to be paid to Nordic Consulting.

So now we have the very people who sold the scheme in the beginning, making what must have been large amounts of money in “commissions”, contacting the very people they sold it to, claiming they had no idea it was “illegal” at the time. Now making more money from the very same people!

From information received, several formal criminal denuncias have been made against them, with apparently more in process of being filed.

We don’t know about you, but it does appear to us that something is very wrong that these brothers who sold the timeshare and the participations scheme on behalf of Silverpoint for many years are able to operate in this way.

Have you been sold Timeshare with the promise of resale and rental, the Company Participation Scheme or the Overseas Lodging Participation Programme, including by those named here?

If so, use our contact page, let us know what you have purchased, Inside Timeshare will get back to you with information on where you stand and what is open to you on the legal front. Whether you are from the UK, Scandinavia, or any other European country, we can point you in the best direction.