LA Moneda – Another Timeshare Resale Scam
It has been brought to our attention at the TCA that there is another Timeshare resale company trying to swindle you out of your money. This particular company seems to be targeting Russian Timeshare owners at the moment, but who is to say they will not move their target clients to British and European owners. As they are seemingly based in Spain, we thought that it would be wise to bring it to our readers’ attention.
The company is using cold calling as a method of gathering potential clients. Cold calling in the UK is frowned upon as it is considered a breach of privacy. However, it has not had the same negative views within other countries in Europe, and these companies may still target the British public. They make their initial call to a comprehensive list of timeshare owners. Even if asked where they have received your number from, there will be some sort of believable explanation. What you have to remember, is that these employees are also actors, they are very prepared and trained to lie, and are good at it.
Once they have convinced the person on the other end of the phone that they are a genuine company, they tell them that there is a buyer whom has made a deposit for their particular timeshare, seems too good to be true, they may even go to the extent of sending you proof of monies in a holding account so that you are taken in even more. The telesales person eventually gets to the point and says that even though they have the deposit form the buyer, the seller is also expected to make a deposit for legal fees etc. which will be returned when the sale goes through.
We have been told that the deposit can be in the region of 2,500€, this seems utterly ridiculous when you are the one that is selling your Timeshare, we can also advise that most timeshares would not be worth this amount on a genuine resale market. We have been told that these clients never see this money again. We can only warn all of our readers to be extra vigilant when asked to pay money up front, also to check on the company with a third party before having dealings with them.
The company in question this time is La Moneda SA, they give their address as Passeig de Gracia 18, Barcelona, 08007. However, when we searched the business directory for Spain, there was no appearance of such a company registered in Spain. They have also been using the email address firstname.lastname@example.org. At this moment in time we have no other details on the company, so would greatly appreciate if you are contacted by La Moneda, give us a call or send us an email on the below address.
This article relates to the previous articles that we have written on Pana Travel and Frias Toribio earlier in the year. These resale companies seem to be popping up all over the place, to be on the safe side, we advise reading our article on avoiding Timeshare Resale Scams.
Original Article posted on TCA