The fraud operators typically telephone timeshare owners telling them that there is a buyer for their weeks who is willing to pay a high price. Many owners are taken in by the scam and agree to sell, at which point they are asked to pay a fee of 1,500 euros to cover the costs of the transaction. Once the money is paid over, the fraudsters are never heard of again and the company closes down and moves on.
The National Police estimate that more than 12 million euros have been lost to the largely British scammers since 2001. From the start of the operation, police have eliminated an astonishing 207 illegal companies carrying out frauds on the Costa del Sol. In one such company, Sr Titos said they found 25 girls making calls to timeshare owners in Great Britain.
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