New Timeshare
Legislation for your Protection
As many of you may know
the MEPs and those involved in law making in
Brussels have been meeting for some time to discuss
the problem of cross border fraud, particularly in
relation to Timeshare and Holiday Club Schemes.
The body
of people involved had drafted new proposals that
will be transposed into law in 2010, just three
years away. NOW THIS IS QUITE SIGNIFICANT ESPECIALLY
FOR NEW OWNERS TAKING ON SCHEMES THAT INVOLVE CASH
BACK ESPECIALLY THROUGH A COMPANY CALLED CASHBACK
EUROPE PLC, PO Box 1469, Gibraltar. No
physical address and the Gibraltar telephone numbers
on the Cashback Europe Website, are unlisted. You
will understand why it is significant by reading on.
Since we
exposed Cashback Europe plc above, they have now
published on their website their real physical
address, which is, of course, 3 Library Ramp,
Gibraltar, the Home of ETOO etc.
Recently
the owners of a company called European Timeshare
Owners Organisation (ETOO) and Club Class
Holidays (CCH) and Premier Travel and a few
others, launched a new set of companies, supposedly
from Portugal but with their main offices actually
in Gibraltar and at the same offices as the rest of
the group. Those companies are called, Club
Class Concierge plc and Premiere Class ltd.
The Cashback Europe company offers you your
money back in just 36 months. Is that within the
bounds of probability especially when you
realise that only a percentage of what you paid
is actually invested (with Lloyds TSB I have
been told) and it is not possible for a small
percentage of an investment value to grow to the
full value of your investment in just three
years?
The
Stakeholders for any monies paid for any finance
agreement being offered by Premier Class Ltd are
none other than the Club Class Group's own auditors
in London, Sochalls Chartered Accountants of 9
Wimpole Street, London.
What is
interesting is that ETOO, in their latest newsletter
to members, many of whom have sent me a copy with
some unprintable cynical comments, actually quote
this new legislation coming into force in 2010.
Club
Class and Etoo, actually the owners, Dennis Gilson,
Peter and Victor Utal and Andrew Cooper, are on a
mission to defraud as many timeshare owners as
possible, because they know that in 2010 when the
legislation comes into force, they will no longer be
able to carry on the fraud that they have and they
will vanish with as much money as they can to climes
far away.
Do not
be fooled by them, their promises are empty and
anyone who falls for their lies, will end up with
nothing.
The current pdf of the proposals for the new
legislation can be viewed by clicking this link,
and I will highlight certain valuable points from
the legislation on this page over time so please
visit it often if you are a timeshare owner doing
business with ETOO or any other timeshare resale
company.
In the
meanwhile if you are a victim of this, or any other
timeshare resale company scam, contact me
tony@scambusters.gb.com
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