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St Frances timeshare ‘fraud’ victims sue Barclays and GE Money - Times Online
......A group of 300 people who borrowed about £6 million to invest in an allegedly fraudulent timeshare scheme are suing Barclays Bank and GE Money because they refuse to cancel the loans.
The group members borrowed between £10,000 and £20,000 each to invest in timeshare points that they were told could be swapped for luxury holidays across the world. The timeshare operator, St Frances Marketing, has since gone bust, leaving about 2,500 people with no holiday entitlement and substantial debts. ........
......A group of 300 people who borrowed about £6 million to invest in an allegedly fraudulent timeshare scheme are suing Barclays Bank and GE Money because they refuse to cancel the loans.
The group members borrowed between £10,000 and £20,000 each to invest in timeshare points that they were told could be swapped for luxury holidays across the world. The timeshare operator, St Frances Marketing, has since gone bust, leaving about 2,500 people with no holiday entitlement and substantial debts. ........
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