Spanish police arrest six Britons over timeshare fraud
MADRID (AFP) — Spanish police have arrested six Britons accused of real estate fraud in southern Spain, they said Sunday.
The six, based on the Costa del Sol, ran a business offering bogus timeshare title deeds for vacation apartments in exchange for "major sums of money," the police said in a statement.
The titles were sold several times to different buyers who were never able to reap the benefits, said police, who launched their inquiry after a complaint from one British buyer.
Timeshare deals -- offering rights to stay in a property for a certain amount of time each year -- have triggered similar scams in Europe, notably in Spain.
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