Over the past few months Inside Timeshare has been highlighting Viking Real Estate and Nordic Consulting, with many readers informing us of their contact with these two companies. As we already know Viking Real Estate is run by Mike Farhoud and Nordic Consulting by his brother Ali Farhoud. Both companies claim to be able to get owners out of their Silverpoint contracts and claim back the purchase price.
The latest information to be supplied by one of our Scandinavian readers who has been contacted by Viking Real Estate to make a claim against Silverpoint. As part of the contract there is an indemnity to cover the legal fees of 5,000€ should the client not receive the payment at the end of the claim.
The strange fact is the amount being charged for legal fees, 5,000€ upfront with a further 5,000€ payable at the end of the case. Mr Farhoud has also issued the following “indemnity” or promise that if the client does not receive their payment at the end of the case, (Translating done with Google see the PDF for the original Swedish).
I, Mike Farhoud (Nie: X5130722C) personally guarantee that Viking Real Estates & Consultant does everything in its power to claim back € 5,000 of the invested money for XXXX
XXXX (Passport number: ____________) bill. Viking Real Estate & Consultant takes full responsibility for the whole process.
In case Viking Real Estates & Consultant does not receive a single penny from the amount we
If, in other words, you want to get 0kr back from the process, then I, Mike Farhoud, personally responsible to repay the fee in the corresponding proportion.
This guarantee is testified by both parties
This is signed by Mike Farhoud.
Not bad, you don’t get a single penny he will personally repay the fee, there is a slight catch here, what if you receive 1€? That gets him out of repaying the full amount of legal fees and there is nothing you can do about it, as the indemnity states if you get ZERO back!
It must also be pointed out that the entry for Viking Real Estate shows the object of the company is registered in the field of Restaurants and Food Stalls.
We will let you the readers decide on that one.
It has also been noticed that Viking has spent a rather large amount of money on advertising, all the trolleys at the airport in Las Palmas de Gran Canaria carry large boards advertising his company. Now we know that sort of advertising doesn’t come cheap, again we leave it to you the reader to decide whose money is being used.
Nordic Consulting, run and owned by Ali Farhoud, is no stranger to these pages, we have already highlighted their use of court sentences and especially Supreme Court ones claiming them as their own. We know for a fact the Supreme Court ones do not belong to them but another law firm. This has been verified through the case numbers and also from the names of the lawyers on the document.
Surely if this company was above board as they claim they are, why are they using another firm’s documents and also links to their website?
At the end of the day, these companies are run by the very same people who for years worked for Silverpoint and sold you the very products you purchased from them. They claim they didn’t know that what they were selling was illegal and now want more of your money with a promise of getting out of the contract and being reimbursed your purchase price.
Again we leave you the reader to decide if either of these “Companies” are to be trusted with what they say and promise?