Browse Tag

El Diario

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.

El Diario Publishes Another Article on Silverpoint

Last week Inside Timeshare published the article “Timeshare Companies Highlighted in Spanish News”, which featured links to two Spanish Newspapers, El Diario and El Dia. Today we publish another from El Diario (7 October 19), which highlights the Prosecutor’s Office investigating the massive sale of properties by Silverpoint. It all centres around the decapitalization to avoid paying the mounting awards the courts have imposed. See link to last weeks article.

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

In this week’s El Diario they report on information from Canarian Legal Alliance that Silverpoint has stripped 52 of its 76 properties, but retains ownership of them through other means. This is through the “Company Participation Scheme”, where the properties are registered as SL companies, with “participations or shares” being sold to unsuspecting clients. These clients believe they are buying into “real estate” when in reality they are purchasing a “reinvented timeshare product”.

With this product which has cost many people thousands of euros, they are promised a return via rental agreements which since 2017 have not been paid as promised in the agreements. The administrators of these “companies” are listed on Spanish Company Records as Silverpoint Vacations and Excel Hotels and Resorts. Which confirms that they still have full control of the properties.

CLA confirmed to El Diario that they define this as a “rough manoeuvre” by creating an “ad hoc society” so that in appearance at least the property changes hands. (See link on the company participations).

The El Diario article also goes on to explain that the companies involved are diverting capital to other companies in the group, again to avoid the judicial enforcement of sentences.

Two other companies are also now mentioned, Signallia Marketing Distribution, formerly Silverpoint Vacation Solutions and Excel Hotels and Resorts. Signallia being responsible for reservations and Excel for managing the resorts and the billing of maintenance fees. Again it would appear that they are also responsible for diverting funds to other companies and also abroad. According to their financial report, there has been a significant decrease in the balances of their current accounts. The whereabouts of these funds are unknown.

The El Diario article finishes by explaining that one of the Silverpoint representatives must respond to the Judge in Arona on the accusation of the Crime of Obstruction of Justice and Frustration of Execution of Sentences. With another court ordering an embargo on three properties in order to settle a debt of just over 62,000€ for one of CLA’s clients.

This will be an ongoing story and Inside Timeshare will be monitoring the situation as it unfolds. So watch this space for more articles and reports on this intriguing story.

El Diario article 7/10/19

https://www.eldiario.es/canariasahora/tenerifeahora/tribunales/Fiscalia-venta-propiedades-timesharing-sur-Tenerife-turismo_0_950155565.html

El Diario English version

https://translate.google.com/translate?sl=es&tl=en&u=https%3A%2F%2Fwww.eldiario.es%2Fcanariasahora%2Ftenerifeahora%2Ftribunales%2FFiscalia-venta-propiedades-timesharing-sur-Tenerife-turismo_0_950155565.html

Swedish

https://translate.google.es/translate?hl=en-GB&tab=rT&authuser=0&sl=es&tl=sv&u=https%3A%2F%2Fwww.eldiario.es%2Fcanariasahora%2Ftenerifeahora%2Ftribunales%2FFiscalia-venta-propiedades-timesharing-sur-Tenerife-turismo_0_950155565.html

Norwegian

https://translate.google.es/translate?hl=en-GB&tab=rT&authuser=0&sl=es&tl=no&u=https%3A%2F%2Fwww.eldiario.es%2Fcanariasahora%2Ftenerifeahora%2Ftribunales%2FFiscalia-venta-propiedades-timesharing-sur-Tenerife-turismo_0_950155565.html

German

https://translate.google.es/translate?hl=en-GB&tab=rT&authuser=0&sl=es&tl=de&u=https%3A%2F%2Fwww.eldiario.es%2Fcanariasahora%2Ftenerifeahora%2Ftribunales%2FFiscalia-venta-propiedades-timesharing-sur-Tenerife-turismo_0_950155565.html

Below are links to previous articles published by Inside Timeshare Including translations.

English

https://insidetimeshare.com/silverpoint-company-participations-is-timeshare/

German

https://translate.google.com/translate?sl=en&tl=de&u=https%3A%2F%2Finsidetimeshare.com%2Fsilverpoint-company-participations-is-timeshare%2F

Norwegian

https://translate.google.com/translate?sl=en&tl=no&u=https%3A%2F%2Finsidetimeshare.com%2Fsilverpoint-company-participations-is-timeshare%2F

Swedish

https://translate.google.com/translate?sl=en&tl=sv&u=https%3A%2F%2Finsidetimeshare.com%2Fsilverpoint-company-participations-is-timeshare%2F

English

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

German

https://translate.google.com/translate?sl=en&tl=de&u=https%3A%2F%2Finsidetimeshare.com%2F%3Fs%3Dexclusive%2Bbreaking%2Bnews

Norwegian

https://translate.google.com/translate?sl=en&tl=no&u=https%3A%2F%2Finsidetimeshare.com%2F%3Fs%3Dexclusive%2Bbreaking%2Bnews

Swedish

https://translate.google.com/translate?sl=en&tl=sv&u=https%3A%2F%2Finsidetimeshare.com%2F%3Fs%3Dexclusive%2Bbreaking%2Bnews

Translation of this article

German Version

https://translate.google.com/translate?sl=en&tl=de&u=https%3A%2F%2Finsidetimeshare.com%2Fel-diario-publishes-another-article-on-silverpoint%2F

Norwegian Version

https://translate.google.com/translate?sl=en&tl=no&u=https%3A%2F%2Finsidetimeshare.com%2Fel-diario-publishes-another-article-on-silverpoint%2F

Swedish Version

https://translate.google.com/translate?sl=en&tl=sv&u=https%3A%2F%2Finsidetimeshare.com%2Fel-diario-publishes-another-article-on-silverpoint%2F

If you have purchased any product from Silverpoint and would like to know what your legal position is and what options are open to you then use our contact page and we will point you in the right direction.


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