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Ragni Trotta

Exclusive Breaking News: The Truth Behind Silverpoint Exposed (Part Six)

Welcome to the start of another week at Inside Timeshare, we begin with Part Six of The Truth Behind Silverpoint Exposed, which we have been publishing for the past few weeks. This is a story of epic proportions, worthy of a Hollywood Blockbuster movie, it is full of behind the scenes financial manipulation and the moving of millions of euros from one account to another in order to hide and save the Trotta family fortune. It is a story of a family at war with itself wracked with greed, with the wife Ragni Trotta being left out of the will. All this at the expense of the hundreds of consumers who have purchased into their products and are now set to lose everything.

Over the years Silverpoint and before them Resort Properties duped consumers into purchasing “packs” of weeks as investments, with the promise of rental income and a resale program after two years with a substantial profit to be made on these resales. But as we already know, there was no resale program, just more lies to get the unsuspecting consumer to upgrade and purchase even more to secure the “investments” they have already paid for.

We have seen this progress to the “Company Participation Scheme”, which is exactly the same as the original “investment weeks” apart from the fact the “apartments” are now registered as Spanish SL or limited companies. The promise is the same, an annual income from rentals and then the prospect of selling the “shares” at a later date.

We already know that no one has been paid any rental for last year, we also know that there is no money to pay out these rental dividends. What has been paid out has come from new “investors” purchasing into the scheme, a classic take from Peter to pay Paul, or it could be called a “Ponzi” scheme.

Bob Trotta and Kwang Boon Sim

As we have already seen from the previous articles, vast amounts of money have been moved around the numerous companies set up by Bob Trotta and Kwang Boon Sim in the guise of “intercompany loans”, tax evasion and then spirited away into the Trotta family fortune. All at the expense of you the consumer.

It is a very interesting fact that most of the local staff that worked in various companies around the world were not even aware of how the group was structured, or even how the finances operated. It is also a fact that had the bank and the family done the right thing by their loyal team of workers and their customers most would have been quite happy. Clients would have had good products and resorts with Doug Campbell, his wife Jennifer Campbell, Ragni Trotta and Erin Trotta Westfall could have enjoyed a wonderful future.

The Bank could most of likely been able to close the trust, distributing the wealth to the family… What they have not bargained for was the ineptitude and bully tactics of Alex Lawson. It appears that Alex Lawson is so eager to prove himself to his Alvarez colleagues that he is marauding around the world using aggressive tactics against everyone in his path.

Alex Lawson

He has a complete lack of compassion and with a blinkered outlook on how his decisions affect circumstances elsewhere in the group, he is creating a trail of destruction and is now coming into full view of claims companies and legal teams all over the world.

It is now very likely the end result of the whole program will be Alvarez and Marsal earn a fortune in fees, the Trotta family end up with nothing with the prospect of ending up in jail, the bank losing their license with the possibility of seeing its team members facing charges and the hundreds of consumers losing everything they have purchased.

Alvarez and Marsal Logo

This is by no means the end of our little story, this is only series one, we have already heard from several readers who have travelled to Tenerife to take their holidays at The ParamountClub Paradiso. They have told us of not being able to gain admittance to the resort, being moved to other locations and in some cases being charged to stay. On the subject of the staff, our readers have told us that they have seen them crying as they are unable to do anything to help and now know they are unlikely to get paid. The fall out of the “liquidation” plan being put into action by Alex Lawson is already taking its toll!

Have you purchased any product from Silverpoint, do you want to know where you stand legally?

Would you like to know if you have a legal case to take to court, have your contracts declared null and void and the return of your purchase price?

If you would like further information on these and any other questions, then use our contact page and let us know what when and where you purchased, Inside Timeshare will get back to you and point you in the right direction.

Exclusive Breaking News: The Truth Behind Silverpoint Exposed (Part Five)

Welcome to another instalment of the Silverpoint Exposed saga, we are now coming very close to the conclusion of our little series or should we say our script for the next Hollywood Blockbuster!

It is a fact the immense funds that created the group of companies were primarily funded by the sales organisation of Silverpoint Vacations, formerly Resort Properties. For many years our friend Kwang Sim flew back and forth running the company as the shadow director on behalf of Bob Trotta, holding regular meetings with the legal team and accounts managers. Inside Timeshare has uncovered an enormous amount of evidence which shows that the local leaders had no idea what was happening all around them and were being used as puppets.

The Master and The Fixer
Bob Trotta and Kwang Boon Sim

During the run-up to the “big escape” of Kwang Sim, he began to very carefully and meticulously disguised his involvement, moving others who were unsuspecting into the firing line. A sign of a true coward which was also in direct conflict with his “public persona” of a “caring and religious man”. Kwang is reportedly terrified that his “flock” of Mormons will discover his double life. In fact, his life would not be out of keeping with a West End musical, in the same way, the “Book of Mormon” has on both sides of the pond. Kwang Sim’s performance as a “man of the cloth” yet hiding his real dubious behaviour would definitely be worthy of a “Tony award” the theatre equivalent of an Oscar!

Paul Pretlove

Now on to Alex Lawson, he appears to be taking Alvarez, The Limora Group and the Bank into a very dark chapter of potential conspiracy. He is slowly but surely working his way into all the companies and appointing himself as director. Although he is very careful to keep out of the Spanish companies where there are serious issues, he places himself and his co-liquidator Paul Pretlove into directorship roles where he creates his plan to instigate insolvencies, using this very fluid 42 million of debt.

This money was moved along and up the chain and has gone all around the houses to suit the group, now the same people are using the funds as justification to close companies and throw the hard-working teams within each one onto the streets.

Wherever possible, they are even attempting to avoid costly redundancy payments, all so the Trotta’s can keep even more money and ultimately, Alvarez can earn even more in fees!

It is often the case that it is the little people who will suffer and in this case, it is obviously no different. Local management is trying to fight for their rights, but this is a “David and Goliath” type of situation. All we can hope for is as in the fable, David is triumphant and the bullies are stopped. Well come on, I mean how many millions does one need to inherit in order to be Happy?

As for the Trotta family, they are extremely worried they will get caught out but hope the bank and Alvarez know what they are doing. We are not so sure!

Jennifer Trotta Campbell lives with husband Doug Campbell who as we stated previously was at one point the Groups CEO reporting directly to his father in law and Kwang Sim. He watched the creation of the complex web of companies that exists today.

He left the company in 2007, apparently no longer able to take the pressure of the group’s structure and the tyrannical leadership of Bob Trotta. He, his wife Jennifer and the sister Erin Westfall all live in Colorado, USA and enjoy fabulous wealth, all courtesy of Daddies money.

On top of that, they now intend to screw over hundreds of innocent people who helped their family create their enormous wealth. This type of greed, unfortunately, is all too common, but we do have it from very reliable sources that the authorities in Europe and the United States are watching very carefully along with legal teams building cases to strip the Trotta family of their wealth.

Ragni Trotta herself has homes in Norway and Italy, with the Trotta children owning millions in real estate in the United States. We also have it on good authority that these legal teams are dauntlessly building the cases against all of them and are extremely confident they will be stripped of this wealth in the coming period.

We will keep watching and ready to inform you the reader of any updates and developments in this story which really does read like a script for a Hollywood movie but in real life greed almost always has a way of catching up with you, ESPECIALLY when you try to screw over innocent people. As they say, “The bad guys never win in the end”!

Join us again on Monday for the sixth and final episode in this the first series of a remarkable and unbelievable story.

Are you a possible victim, do you want to know where you stand before it all goes?

Use our contact sheet and get in touch, Inside Timeshare will be happy to give you the best advice possible and point you in the right direction.

Exclusive Breaking News: The Truth Behind Silverpoint Exposed (Part Four)

Welcome to Part Four of Silverpoint the Truth Exposed, the previous articles laid out the foundation and the history of the Bob Trotta Empire, the employment of Kwang Boon Sim and the myriad of companies he founded to whisk away millions for Trotta. We also looked at how with the death of Bob, his family began to split over the inheritance and also the introduction of Alex Lawson, who is charged with liquidating the companies to protect the Trotta fortune. Today we go into a little more detail and introduce the Limora Group, we do have even more detailed information on file which we are unable to publish at present.

So, here we go with another chapter in the Hollywood Blockbuster “The Rise and Fall of the Trotta Empire”.

Kwang Boon Sim

The Limora Group, the company at the head of all the other companies which are just what are known as “shell Companies”, the puròse of which is to distract the authorities making it very hard work to keep track of and trace the money.

The trust operates most of its companies in Panama and The British Virgin Islands as these are jurisdictions known for secrecy, for a long time it worked, however, like all people driven by greed, eventually one makes mistakes and a recent one was by Alex Lawson along with his team to put Excel Overseas Holdings into liquidation.

Based in Dubai, Excel Overseas Holdings had created the product ELPP (Excel Lodgings Participation Program), with hundreds of people purchasing these participations. In the first year, all seemed to be good with all those putting money in getting what they expected.

Excel Overseas Holdings used the money from other consumers to help keep the various group companies in business and in total around 10 million was taken by Excel Overseas Holdings. EOH, are part of the Limora Investment group of companies.

Alex Lawson, the children being represented by Doug Campbell a former CEO, Ragni Trotta and the Alvarez team decided they did not want to honour the promises made to innocent customers and applied to the court in the BVI to put the company into provisional liquidation, claiming that Excel could not meet their obligations and that somehow the management had done something wrong. In reality, the family, the bank that owned the trust and the Lawson team of executive “highwaymen” decided it would be a good idea to “rob” consumers of their hard earned money, all so they could use it to continue to fund their luxurious lifestyle in the mountains of Colorado and the rolling hills of Tuscany.

It must not be forgotten that Alvarez and Marsal are able to charge huge amounts of fees by acting in this way, so everyone is happy except that is for the hundreds of worried consumers who have paid with their hard earned cash and trusted the company!

In keeping with their “modus operandi” Alvarez and Marsal appointed themselves as liquidators, all so they could keep a very tight lid on what actually happened to the money and who the company was that Excel owed money to!

The fact the debts of Excel Overseas Holdings are, yes, you guessed it, a company owned by the same people and therefore cannot be used as a reason to close down the company, especially when in the process it hurts real people. This complete lack of morality seems to have been lost on the Trotta family, Kwang Sim and Alex Lawson. It is strange that Kwang Sim who was a director of Excel Overseas Holdings and one of the “masterminds” of the ELPP, seems to have been omitted from the letter which Alvarez has sent to pariticipants of the ELPP. Instead, they have set out a carefully crafted letter which was intended to imply the program was not set up properly, In fact, the agreements contained within the program were exclusive with “Limora related companies”!

Alex Lawson

Alex Lawson and his team are making a complete mockery of the corporate legal system and all with the sole intention of avoiding their consumer obligations, aiding and abetting the greedy Trotta family in their bid to keep a few more millions.

The Team at Inside Timeshare have it on very good authority that criminal and civil proceedings are being planned against the bank, Kwang Boon Sim and the team at Alvarez for their part in this well-orchestrated conspiracy.

What is a very big shame in this whole affair, is that some of the people who introduced consumers into the program in good faith are now being informed by Alvarez that they are not allowed to even talk to participants when they make contact about their worries. No doubt, this is so Alvarez, Kwang Sim and the Trotta family, watched very carefully by the bank, can control the information and attempt to contain the fallout!

Gran Cayman, home of Alex Lawson

Here at Inside Timeshare, we will do whatever it takes to expose the truth along with the legal teams who are working hard building strong evidence to put the instigators in jail. Kwang Sim is currently hiding out in his million-pound mansion in the UK, while, Alex Lawson enjoys his paradise lifestyle on the sun-kissed island of Grand Cayman, but for how long?

Justice is on its way Gentlemen!

Join us on Wednesday for Part Five of this unbelievable but true story. If you have purchased any product from any of the companies mentioned in these articles and would like to know where you stand legally, then use our contact page and Inside Timeshare will point you in the right direction.

Exclusive Breaking News: The Truth Behind Silverpoint Exposed (Part Two)

Club Paradiso and Beverly Hills Club

Welcome to Inside Timeshare and the start of another week with Part Two of Silverpoint Exposed. In the last episode, we gave the background to the start of the Trotta Empire and introduced some of the main characters. Today we continue the story of an intricate web of companies the swift movement of funds and once again a Hollywood style family feud over the inheritance of the Trotta millions.

Kwang Sim was a master in subterfuge, he had set up such a complex network of companies and money trafficking routes a very detailed road map would be required to even get close to following it. Kwang himself continued with his own life happily giving his sermons to his Mormon congregation and ensuring his children went on the mandatory missions, all while carefully and deliberately planning to avoid Taxes at all costs.

With great care, he set up a structure using local law firms and employing local managers who had no actual control of the finances or of any financial activity. For Kwang, this would mean extensive travelling with monthly visits to Spain and then Asia where he was running the finance departments with an iron fist. He was, in essence, Bob Trotta’s “financial enforcer” making sure the funds were moved around the group of companies and ultimately ending up near a palm tree very close to a white sandy beach.

The Trust which is “owned” by a bank with Bob Trotta being the beneficiary used the bank which as recent strong evidence has shown, actively and willingly participated in assisting Kwang and Trotta in this complex web of lies and tax avoidance. It was Kwang who was the mastermind, but they were all complicit and knew exactly what was going on. All was running very smoothly until Bob’s death and the will would be read to the children and his wife Ragni.


Jennifer Trotta Campbell

Once again just like a scene from a Hollywood movie, the children, Jennifer Trotta Campbell, Erin Trotta Westfall gathered along with Douglas Campbell and Ragni Trotta at the plush Mayfair offices of Bob’s Lawyers. They were now going to hear about the 300 million they were about to inherit.


Erin Trotta Westfall

Listening to the legal advisors, they, the Trust and executors learned that Bob and Kwang had mismanaged the company funds and taking some very risky decisions prior to his death. This now puts the group of companies in a very precarious position.


Douglas Campbell

It also transpires at this meeting that Ragni learned she had been written out of the will, receiving only 10% of the estate! She was obviously furious. Although no one knows the details of the marriage from the outside it all seemed very rosy.

It has been rumoured by insiders that the marriage was in trouble, with a persistent rumour had for years been having a secret affair with her hunky Jamaican personal trainer. Just like something out of the hit TV show “Housewives of New York”, Ragni seems to have enjoyed a life of privilege with her wealthy older husband, while also enjoying some of the side benefits with her younger hunk. Sources have told us that Bob found out but did not want to be embarrassed publicly but would wait until he died to get his revenge. This has obviously caused huge rifts between her and the children.

Ragni Trotta

The unequal division of the spoils created a massive rift between the family and the trusted sidekick Kwang who was tasked with trying to keep the family together. Just like another TV show “The Sopranos”, the family looked to the deputy Kwang, to steady the ship, he then set about trying to organise the complex web which he had established.

This was not an easy task, even for Kwang, when you consider he had set up around 200 offshore companies in Panama and the British Virgin Islands. Panama and the BVI are considered fiscal paradises in Spain and the recent “Panama Papers” have only added to the challenges of keeping this structure going. To achieve the company’s goal of low taxes the local directors were not allowed any control of the bank accounts with only the London team of Kwang Sim and his later sidekicks of Ketan Patel and Colm Hayden were permitted to move any money.

Part Three will be published on Thursday 13 June.

Over the weekend Inside Timeshare has received further news on the problems of Club Paradiso members. As we explained on Friday, these members are being denied access to the Paramount – Club Paradiso. In another twist, we have since learned that although they are being moved to other resorts such as Hollywood Mirage and Beverly Hills Heights, they are being made to pay for the accommodation.

One client that has been in touch was told if he did not pay 900€ he would not be able to stay, this appears to be happening to others as well. It would seem that the paramount is only being closed to members of Club Paradiso.

The following is an extract from an email received by another of our readers when trying to book their own stay: “Unfortunately, as our inventory is under re-negotiations we unable to provide availability and confirm any new reservations at this time. We kindly advise that you contact us at the beginning of July when hopefully this has been resolved. We are sorry that we cannot be of more assistance at this time and apologise for any inconvenience”.

This does look like an escalation in the arguments between Excel and Silverpoint with the members being the one caught in the firing line.

Have you purchased any product from Silverpoint and want to know what your legal position is?

Then use our contact page and we will get back to you with the best information possible.