Six Britons arrested over timeshare fraud in Spain
The six, based in the Costa del Sol, have been accused of real estate fraud.MADRID – Spanish police have arrested six Britons accused of real estate fraud in southern Spain, they said Sunday.
The six, based on the Costa del Sol, ran a business offering bogus timeshare title deeds for vacation apartments in exchange for "major sums of money", the police said in a statement.
The titles were sold several times to different buyers who were never able to reap the benefits, said police, who launched their inquiry after a complaint from one British buyer.
Timeshare deals - offering rights to stay in a property for a certain amount of time each year - have triggered similar scams in Europe, notably in Spain.
[AFP / Expatica]