Three arrested in alleged €600,000 Fuengirola fraud

February 5, 2014
MindTimeshare, the Spanish-based organisation that helps to help timeshare owners who are the victims of rogue operators, has announced a major breakthrough in Fuengirola.

Three people that were behind nine companies that allegedly defrauded hundreds of European timeshare owners out of €600,000 were arrested last year following a report lodged with the police in Fuengirola.

The companies’ alleged modus operandi involved cold calling timeshare owners purporting to be calling from a Spanish law office and informing them that a case had been ruled in the Spanish courts against their resort and that a fund of money had been set aside for ‘victims’.

On submission of fake documents to the timeshare owner, a payment of between €1,500 and €4,000 was taken to cover supposed services such as notary fees and court administration fees.

The companies involved are:
Leon Cardenal
Galans Sanz
Notaria Silva Freitas De La Fuente
Notaria J Felix Uehlinger
Alondra Y Calinda
Bufete Alvarez Y Velazquez
Asociacion Hernandez Y Suarez
Ubeda Felix Y Asociados
Callejo Garcia Sl.

The case is now under the jurisdiction of the Court of Fuengirola and more information will be available in due course.

Above excerpts and read the full article on www.rciventures.com

Source THE OLIVE PRESS

 

 

Boiler room FRAUD

Ten Britons arrested in Spain over ‘boiler room fraud’

The raids took place in Barcelona and the Catalonia area

Ten Britons are among 22 people arrested in Spain during an investigation into an alleged 8m euro (£6.5m) “boiler room fraud”.

More than 200 members of the UK public were persuaded to put their savings into non-existent shares, police said.

The arrests were carried out by the Spanish police, supported by the UK’s Serious Organised Crime Agency (Soca) and the City of London Police.

Four guns, ammunition and 367,000 euros were also seized, police said.

Boiler room scams are estimated to cost the UK about £200m a year.

The 22 people were arrested on 6 November but the news has only emerged now, after a Spanish judge lifted a blanket ban on publicity.

All 22 people – who have not been named by the Spanish police – have been charged with being part of an organised crime group, as well as with fraud offences. Five of the British nationals were remanded in custody and the others were released on bail.

Soca said several addresses in Barcelona and other parts of Catalonia were searched and police found seven false British passports and numerous computers, hard drives, USB sticks and mobile phones, all of which need to be scrutinised by detectives.

‘Sophisticated’

They also found lists of target clients and “manuals on how to get people to part with their money”.

Soca’s Head of Operations in Europe, Ian Milne, said: “We believe this organised crime group was running a sophisticated and complex boiler room fraud.

“Shutting it down has put a stop to more members of the public being duped into parting with their hard earned cash.”

Detective Superintendent Tony Crampton, from City of London Police, said: “Investment fraud is all too often a crime created abroad to target people back here in the UK, with the vulnerable members of society being most at risk.

“This successful operation in Spain provides further evidence of how these partnerships are now delivering the sort of results that should make organised crime gangs think twice before starting their criminal enterprise.”

La Ley de Tasas Judiciales

LAWYERS FEES AND THE NO WIN – NO FEE SITUATION IN SPAIN

Lawyers’ fees are set by provincial professional bodies (Ilustre Colegio de Abogados), although individual lawyers often set much higher fees. In general Spanish Lawyers´ fees are lower than those charged by lawyers in northern European countries, starting with a simple consultation of less than half an hour costing from €50.  We do not charge to assess any documents prior to any decision to proceed.  When preparing contracts involving a sum of money, e.g. misrepresentation, these fees are calculated as a percentage of the sum involved upon completion.

Contingent or conditional fee system for litigation (no win no fee) isn’t currently legal in Spain, but it’s under ‘consideration’ so at present ‘No win, no fee’ lawsuits are illegal in Spain.

A new act was passed by the  Parliament in 2012, where everyone; no matter which nationality; who is taking a case to court, has to deposit funds DIRECTLY with the lawyers who are taking the case to the courts for the court time, court clerks etc.  In effect this stops any frivolous cases being taken to court and wasting the courts´ time.  The Proviso de Fondos or provisions of funds we ask from you to take this case forward are covered in this.  This law is called la Ley de Tasas Judiciales and came into force on 22 November 2012

We hope this information is helpful to you in understanding how the Spanish Legal System works.

Business Model

 

How LEGAL PROSECUTORS work……. 

In order for the lawyers to assess your documents, you would need to send the following to LP.

Proof of payment for purchase (if retained)

Copies of purchase agreement

Any other documentation received from the company which you feel will strengthen your case

We, at LP work on a no win no fee basis, however you will be liable for fees in advance, as set out by the new law called la Ley de Tasas Judiciales which into force on 22 November 2012.  

Until we receive your documentation, we are unable to tell you how much this will be, but pleased be assured this willl not be cost prohibitive.

Any fees applicable in advance will be added into your claim and will be paid back to you by the defendants upon completion.

After settlement and clearance of your monies, the lawyers will bill you for 5%, this is normally 10 days later.

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We develop solutions covering the entire spectrum of claims. These solutions are rooted in our experience from many years of cooperation with companies of all organisational types, sizes and sectors. Get a better understanding of our services and expertise here.

 

Step 1

Submit paperwork, outlining your proposed case, for a FREE NO OBLIGATION assesment.

This information will then be passed directly to the legal team that has the most experience in relation to your case.

 

Step 2

Lawyer will complete their ‘due dilligence’ and advise us as to whether or not you have a claim.

Will will then outline your options, put them in writing and leave the decision to you.

Our lawyers and advisors are on hand at all times. If you become a client of Legal Prosecutors you will be allocated a case manager who will keep you informed at each stage of the process.

They will also be available to answer ANY questions you may have throughout the process.

 

 

Specialist areas:

• Investment Property
• Stocks & Shares
• Fractional Ownership
• Land Banking
• ANY aspects of miss selling

Legal Prosecutors

Welcome to the LAUNCH of the Legal Prosecutors BLOG site.

This site will give you the LATEST legal information in relation to the continuing fight against FRAUD across the European frontiers.

MORE information can ALWAYS be found on the static site http://www.legalprosecutors.com

Please keep an eye out for the continuing updates concerning FRAUD and how Legal Prosecutors can help.