Three men charged for cheating victims in timeshare recovery scam between 2012 and 2013

Three men will be charged in court for cheating victims in timeshare recovery scam, which involved 20 persons paying a total of S$200,000 to the company to engage its services between 2012 and 2013.

The Singapore Police Force said that its Commercial Affairs Department investigated a company which offered to help members of a specific timeshare scheme terminate or recover monies from their timeshare memberships.

The police stated that three men, aged between 34 and 57, who were found to be associated with the company were charged in court on 7 December 2018 for cheating and abetment to cheat, by making various false representations to timeshare scheme members, such as purporting that the company had successfully helped other timeshare members terminate their memberships and/or recover monies or purporting that the company was appointed by the timeshare membership’s developer to terminate or buy back the memberships.

If found guilty of the cheating related offences, one will be liable to imprisonment for a term not exceeding 10 years, and may also be liable to a fine.

The Police advises members of the public to be vigilant when receiving unsolicited calls from companies or persons purporting to help them recover monies from their timeshare memberships.

Members of the public should be wary when a stranger calls you regarding your timeshare membership, refrain from providing any personal information, including information on your timeshare membership to the caller, conduct background checks on the company before engaging its services, and check with your timeshare developer if the caller was authorised by the timeshare developer to deal with your timeshare membership;

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