Time share swindle victims are once again the target of scammers

Stay alert: fraudsters are cold-calling and writing to people who have lost money in unreliable timeshares

Timeshare scammers are once again the target of scammers who help with compensation claims

Money Mail Reporter for daily mail

Stay alert: fraudsters are cold-calling and writing to people who have lost money in unreliable timeshares

Stay alert: fraudsters are cold-calling and writing to people who have lost money in unreliable timeshares

Victims who have lost money on timeshare scams are victims of assault claims for the second time.

Fraudsters pretending to be from reputable authorities are hurt and write to people who have lost money in untrustworthy timesharing, saying they owe a payout.

The scammers say victims have to pay compensation, but to process the payouts, they have to pay up to £ 9,000 legal fees & # 39; Pay.

Crime-monitoring body Action Fraud says that 1,155 people aged 50 to 81 have been misled by the scammers of repayments between January and July of this year – the losses over the period amounted to almost £ 8 million.

Pauline Smith, director of Action Fraud, says: "Fraudsters lure people in with attractive reimbursements, only to stop every contact as soon as the victim has paid an advance. & # 39;

Mark Tanzer, from the Association of British Travel Agents (ABTA), says: "We would recommend people to be extremely wary of any company you need to talk about your timeshare and ask for payment. & # 39;

moneymail@dailymail.co.uk

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