Police issue new alert on timeshare firm (From Banbury Cake): "Police said today that they were continuing to investigate a timeshare firm which has links to Oxfordshire but is based in Spain.
Officers are issuing a renewed warning to timeshare owners not to fall for the scheme, which is being operated by Golden Sands Marketing.
Police said the firm, which gave its correspondence address as Horsefair, Banbury, had been cold-calling people wanting to sell their timeshares, telling them a buyer has been lined up.
Owners are then asked to send an administration fee of £1,000 to proceed with the deal. Some owners have even been invited out to Spain to meet the buyers, which is a ruse to obtain more money.
Thames Valley Police officers have intercepted more than 130 letters sent to the mailbox in Banbury from people who have been duped out of money.
The victims come from across the country including Oxfordshire, Bristol and Northamptonshire. Many of the victims have lost thousands of pounds.
Officers have closed down the mailbox and have been working with the Serious Organised Crime Agency to try to close down the firm’s website, as well as liaising with the authorities in Spain."