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Club Paradiso

Club Paradiso: Latest News

Inside Timeshare over the past months has been reporting on the latest developments regarding Club Paradiso and The Paramount. We reported some time ago that Alex Lawson of Alvarez and Marsal became the administrator of Club Paradiso Ltd and began proceedings to liquidate the company (club). We also reported earlier in the year that many bookings made by members had not been honoured, the reason given was that Excel Hotels and Resorts had not been paid for the bookings. Many members arrived to find The Paramount closed and had nowhere to stay unless they paid yet again.

The strange thing is that all the companies involved in this are all part of the same group of companies of which Alex Lawson is being placed as administrator to liquidate them. He is also the appointed liquidator of Limora Group the parent company of Silverpoint, Excel Resorts and a host of others.

In the latest letter to members Alex Lawson tries to explain what is going on, he begins with the excuse of a “breakdown of relationships with a number of inventory providers”, which necessitated the suspension of all new bookings from June 2019.

Alex Lawson

He then goes on to explain that the “company” had been working hard to honour “existing 2019 reservations as far as possible.” Unfortunately for the majority of members, they have had to make their own alternative arrangements.

The letter goes on to state that given the issues that face Club Paradiso they are unable to confirm any bookings for the 2020 period. His advice is to contact the destination resort to confirm if the booking is still valid and arrange “for payment” for the accommodation or to “confirm cancellation.”

The next paragraph which is in bold and underlined goes on to say:

“For the avoidance of doubt, please note that, in the case of bookings for the 2020 calendar year, whether previously confirmed or unconfirmed by Club Paradiso, Club Paradiso is not able to maintain these bookings and is not able to assist with payment or the sourcing of alternative accommodation in respect of the same. This applies to any bookings made during (or before) 2019 for the 2020 calendar year (and beyond).”

Well, that is blunt and straight to the point, members will get nothing.

Lawson then goes on to say that the property (The Paramount) “was never owned by the club,” it was only made available to members through a lease agreement, he then states that the company (Club Paradiso was not a direct party to).

Again he goes on to blame “unpaid lease payments” as the reason why The Paramount was “unable normal operations”. This resulted in The paramount having to deny access to club members.

Lawson then explains that The Paramounts former owners (whoever they are) agreed on a sale and it is now under new ownership. He also points out that Club Paradiso was not directly involved in the sale and is unable to provide any information on the sale or the future of The Paramount.

Now considering that Lawson is involved in the liquidation of many of the companies of Limora Group and the fact they are all interconnected it does seem very strange that he claims he does not know what is going on!

So to recap, Alexander Lawson as liquidator closes down Club Paradiso along with The Paramount itself claiming unpaid fees,  using this as justification to members/investors as the reason the building is closed.

The building is then sold to a real estate company in Tenerife who are now selling the apartments off as individual units (so why is the money made from this sale not given to the investors as per their contracts?). He also believes that nobody will take any legal action but will just roll over and lose everything they have paid for, somehow Inside Timeshare cannot see this happening.

It is now becoming very apparent that the whole structure of which Silverpoint is a part of is just a very large criminal enterprise. This also includes the actions of the liquidator who is taking action which does not benefit creditors or the club members themselves, His actions are guided by his employers the UBO’s (ultimate beneficial owners) the Trotta family who all reside in the USA. (See link below for the full story if the reasons behind the liquidations).

Inside Timeshare has also heard through the grapevine that the State Prosecutors Office of Tenerife has also included Alex Lawson in their criminal investigation. Further information on this when there is confirmation.

What Inside Timeshare can reveal at this point is that one law firm is already on top of this and is currently taking action on this, no prizes for guessing which law firm, Yes, Canarian Legal Alliance.

If you are a member of Club Paradiso and would like to know your legal options or further information you can either use the contact page on Inside Timeshare or you can contact Canarian Legal Alliance direct through their website: https://www.canarianlegalalliance.com/

Link to the 6 part article on the liquidations.

https://insidetimeshare.com/?s=exclusive+breaking+news


The Tuesday Slot: Embargoes Proving Successful for Clients

Over the past few months Inside Timeshare has been highlighting several stories regarding legal moves to embargo accounts and property from various timeshare resorts. These have been a result of the timeshare companies using tactics to avoid paying clients back the money awarded by the courts. The tactics used have been constant and frivolous appeals to the High Courts after the sentence of the Courts of First Instance have been issued, this has given the timeshare companies the time to move funds from the accounts of the named companies on the indictments.

Anfi

These tactics have also been highlighted on Spanish National Television News TVE 1 and also in several major Spanish newspapers. These stories have also been published on Inside Timeshare and can be found at the links below.

The main culprits of these delaying tactics are Anfi and Silverpoint, which as you will see from the articles have also come to the attention of the State Prosecutors Office in Gran Canaria and Tenerife. One of the main focus points of the investigation is the “Obstructing of Justice and Frustration of Execution of Sentences”, due to the fact that funds are being moved from one account to another, so when an embargo is placed on an account there are insufficient funds to payout. The Prosecutors Office sees this as a flagrant criminal move by the timeshare companies.

Hollywood Mirage (Silverpoint)

But, moves have already been made to thwart this and the liquidation of the companies such as Silverpoint by extending the embargoes to the properties at the resorts. Already many properties have had an embargo put into place to secure the client’s money and ensure they get paid.

The law firm behind this is none other than Canarian Legal Alliance, who have made their own investigations into the relationships between all the companies involved in the moving of the funds. They are also working very closely with the Prosecutors Office and furnishing them with the evidence.

This morning CLA released information on another happy client finally receiving his payment into his own account. The UK client has now received over 25,000€ including plus the return of all legal fees and legal interest.

The client’s contracts with Hollywood Mirage and Club Paradiso have also been declared null and void leaving the client timeshare free.

The latest payout ordered by the court.

All this is due to all funds being blocked by CLA’s enforcement team using the court-ordered embargoes. This should leave clients in no doubt that the lawyers at CLA are working to ensure that they get the justice handed down by the courts.

If you would like further information on this or any other subject published on Inside Timeshare, or you would like to know if you have an illegal contract, then please get in touch using our contact page. Inside Timeshare will get back to you and point you in the right direction.

Links to previous articles from Inside Timeshare

https://insidetimeshare.com/anfi-hits-spanish-television-news/

https://insidetimeshare.com/breaking-news-prosecutors-office-denounces-anfi/

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

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

The Paramount – Club Paradiso Clients Left Without Holidays

Over the past few weeks, Inside Timeshare has been receiving many emails regarding Club Paradiso, it seems that they all have one thing in common, they are not able to get into their resort and use their weeks. As we know, Club Paradiso has closed its doors, the website is down as is the website for Excel Hotels & Resorts the company which manages the resorts. It also appears that telephone calls are not being answered.

The latest email involves a member who has “invested” in several weeks, being elderly and now unable to travel abroad they decided to use their weeks and book an associated resort in the UK. Unfortunately, they have just received a call from the resort that their booking has been cancelled, the reason given is that Excel is not honouring the payments to the resort. This is despite being up to date with their maintenance fees.

This particular reader was supposed to be checking in this Sunday 7 July, now they have been left without their holiday with no other alternative to using their weeks anywhere else.

Other readers have also informed us that they have been moved to other resorts sold by Silverpoint, but have been told they would have to pay if they wanted to check in, despite already having paid this year’s maintenance fees. These resorts are also managed by Excel Hotels & Resorts.

The Paramount – Club Paradiso

We do know Silverpoint and Excel are in the middle of a dispute, what the reasons for this are is not actually apparent,  but it is affecting many members of Club Paradiso who are now losing out on weeks they have purchased and paid the annual maintenance fees. This does not seem fair at all.

What we must also point out is that both companies are part of the same group of companies owned by the late Bob Trotta and the parent company Limora Investments Ltd (BVI). The following companies are filing for liquidation along with Limora Investments Ltd, Excel Overseas Holdings Ltd (BVI), Keys Concierge and we believe others will be following suit.

Although there are reports that Silverpoint has filed for liquidation it must be pointed out that so far they have not and due to the reasons surrounding this, it may be impossible to do so. If they do file for liquidation, this could result in criminal charges being brought as the reasons for the other liquidations has been fully explained in the link below.

These liquidations are an attempt to save the Trotta family finances, you can read the full story behind this in our six-part series Exclusive Breaking News: The Truth Behind Silverpoint Exposed (Part Six), on the link below.

https://insidetimeshare.com/?s=exclusive+breaking+news

This should put you the members in no doubt as to why you are likely to lose everything that you have paid for with your hard earned cash and in some cases with high interest loans brokered by the sales staff.

If you purchased any product sold by Silverpoint form standard timeshare weeks to the “investment packs” and the “company participation scheme” and would like to know where you legally stand, then use our contact page, Inside Timeshare will then point you in the right direction to help you decide on your options.