ITRA Online Blog

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Investors left in the lurch as diamond firm Asia Fine Diamonds folds up

Owner of firm, which promises 30% returns, goes missing; staff not paid for two months

Along with other customers of Asia Fine Diamonds (AFD), Mr Stephen Yeo learnt the hard way that diamonds are not his best friend after his investment in rare coloured diamonds went awry.

Last December, Mr Yeo, 55, who works in the medical sector, invested $17,785.12 in a 0.21-carat round cut diamond – described as “fancy intense purplish pink” – from AFD. He never laid hands on it. read more

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Spains Timeshare Law

Timeshare owners in Spain with illegal contracts can finally get them annulled and their money returned. Here’s the story and why this time, it’s the real deal.

Is Spanish timeshare law as confusing as it seems?

Yes, it is!

There wasn’t one until 1998 and it only came into effect on January 4, 1999. Then the law changed again in 2012 to bring it into line with European law. read more

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England Land Banking, Asian Plantations, and now Brazilian Eco Housing

Im not familiar enough with Brazil to bring much added value to this but it does appear that over the last 24 months there has been a spate of Brazilian land and housing investments offering silly returns like 20% a year which have gone bad much like spanish housing investments a few years ago. read more

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RCI Class Action Lawsuit is Upon Us

As we reported back in October, there are a group of 487 Claimants that believe they have suffered in the holiday exchange program sold to them by RCI Europe.  These claimants believe that they were not delivered the exchanges that they were promised in the presentations or the lovely colourful holiday brochures at the time of purchase.  These showed a multitude of accommodations that the buyer could interchange with the property that they had invested in, to a similar standard and value. read more

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ITRA WARNS OF FRAUD ALERT

ATTENTION: all ITRA clients’ current, pending and potential. Please be aware that ITRA has discovered a fraudulent operator claiming to be an ITRA agent.

This scammer seems to have illegally sourced and copied ITRA claim documents. Allegedly, this operator is selling the claim to victims of financial fraud by charging up front fees in order for ITRA to claim less percentage upon successful judgment. read more