SFO launches investigation into timeshare fraud scheme
The Serious Fraud Office (SFO) has initiated an investigation into a suspected organised crime network operating a complex timeshare services scheme. The SFO has made multiple arrests and conducted property raids across England, with assistance from the National Crime Agency and local police forces. The alleged fraud, occurring between January 2018 and September 2024, involved cold calling victims to offer timeshare exit services or compensation for upfront fees, with no services subsequently provided. The SFO has identified 20 companies potentially involved in the scheme and is appealing for public information through an online questionnaire to further their investigation.