By Euro Weekly News Media • 17 March 2015 • 12:01
POLICE in Malaga have busted a network of alleged scammers believed to have tricked more than 500 people, mostly UK residents, out of money.
A total of 60 people were arrested in the operation and assets worth almost €1 million seized when police investigators tracked down members of the group, which it is claimed managed to get money out of victims by offering to sell their time-share for extremely attractive prices in exchange for a small fee to be paid in advance.
Telesales people working for 11 cover companies contacted time-share owners with an offer many couldn’t resist, and requested that they transferred fees in advance to bank accounts opened in the names of front men who it is alleged later withdrew the cash to hand over to the group’s leaders.
In some cases it is claimed the scam was taken to an even higher level when group members later contacted victims claiming to work for a law firm gathering cases to take to court.
Following the arrests, eight properties were searched and assets including vehicles, computers, mobile phones and office equipment confiscated.
Information on more than 500 alleged victims, mostly UK residents, was found during the searches.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our
Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
Your email address will not be published. Required fields are marked *
Downlaod our media pack in either English or Spanish.