'Goldfinger' ordered to pay up

Started by Newshound, February 26, 2004, 20:54:11

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Fraudster ordered to pay up

Timeshare fraudster John "Goldfinger" Palmer has been ordered to pay £3.25 million into court to meet potential claims by 200 victims who were tricked into buying shares in holiday apartments.

Among Palmer's victims in Britain's biggest timeshare fraud were several Shropshire residents, who were cheated out of thousands of pounds.

The latest order was made in the High Court and confirmed yesterday by solicitors for the claimants, many of them pensioners.

Victims paid an average of £8,000 for shares in properties in Tenerife, which are now virtually worthless.

If Palmer, who is in his 50s, of Battlefields, Bath, does not pay the money into court within 28 days of the order he will not be allowed to defend the claims against him. Judgement would be entered in default.

Among his victims was Eric Griffiths, 63, of Chester Road, Whitchurch, who was set to get £8,500 in compensation. And civil servant Cliff Griffiths, of Meole Brace, Shrewsbury, lost more than £6,000.

Retired Whitchurch businesswoman Hazel Turner was also one of the victims.

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