Timeshare fraud brothers ordered to pay back £100k from proceeds of crime

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Offline TimeshareTalk

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Two brothers who were the ringleaders in a timeshare fraud gang have been ordered to pay back £100,000 following a proceeds of crime investigation.

Amarjit and Shivjit Bagharian, from St Albans Road, Smethwick, were both jailed for seven years two months back in February 2016 after admitting a fraud conspiracy topping £1 million.They had tricked 38 victims into handing over up-front costs with the promise of handsome returns on their timeshare investments.

Operating under two bogus companies − Sun Property Solutions and Avon Client Services − the group of con artists suggested they could sell their share in overseas holiday property for well over the market value.

However, they made no effort to sell the timeshares and instead simply pocketed the "tax and legal fees" they insisted were needed to kick-start the sales process.

https://www.birminghammail.co.uk/news/midlands-news/timeshare-fraud-brothers-ordered-pay-14616366 [nofollow]