Silverpoint Ona debt collection scam
February 19th, 2024
Well we suppose it had to happen, Silverpoint scams we have reported on many times in the past are getting old hat and worn out now, so the brains in the scammer HQ had to come up with a new one. And this is what they have come up with. The new scam This time […]
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Silverpoint and Madrid court scam…again!
February 8th, 2024
Hats off for the inventiveness of Spanish court case scammers, at the same time all in the TCA investigation team have only just recovered from fits of laughter over this one. On a serious note, those not in the know may easily fall for this one but there are so many pointers that confirm this […]
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Silverpoint Spanish court scam – A double whammy
August 23rd, 2023
We had to have a chuckle at this one. First off our inquirer was approached by the now exposed Lorenzo Agulia with a mirror image set of documents we published recently. The award in this case was for the sum of €21,738 as ordered by the Santa Cruz court in Tenerife. In the same week […]
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Silverpoint – Investigations carry on
October 19th, 2022
Before we look at the investigations surrounding Silverpoint it would be good to go back in time and catalogue how the current position came about. Originally a sales company was established under the name of Resort Properties. Sales by this company mostly comprised timeshare in Beverly Hills Club, Hollywood Mirage Club, Beverly Hills Heights Club, […]
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Silverpoint – What next?
July 23rd, 2021
It’s been a long time coming but finally some positive news has been delivered. The Spanish court appointed administrator investigating Silverpoint has now completed his review of the company’s liquidation. It appears that the news is not good for the company or for several key personnel. Although the report is welcome it appears that the administrator […]
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The continuing saga of Silverpoint
July 7th, 2021
It appears that the authorities on Tenerife are not letting the bankruptcy of Silverpoint go unnoticed as Arona’s Investigating Court Number 1 has opened preliminary proceedings against Silverpoint Vacations SL (“Silverpoint”) and Excel Hotels & Resorts SA (“Excel”). The alleged crimes relate to the bankruptcy of Silverpoint, the timeshare operation that centred its operations in […]
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Silverpoint Vacations SL Declares Bankruptcy
January 23rd, 2020
As of the 15th January 2020, Silverpoint SL has been declared by the Tenerife’s Commercial Court to be in “Concurso de Acreedores”, this means bankruptcy. Concurso de Acreedores is not as straight forward as simple bankruptcy though, it is a Spanish legal situation that can be provoked voluntarily by the company or involuntarily by a […]
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Silverpoint Timeshare property seized by Courts
October 9th, 2019
It has been reported that the Court of Arona in Tenerife, has placed an embargo on the property of timeshare giant Silverpoint Vacations (formerly Resort Properties). The group pf properties held by the Silverpoint Vacations are Hollywood Mirage Club, Beverly Hills Heights, Beverly Hills Club, Palm Beach Club and Club Paradiso/Paramount. This is a first […]
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Has Silverpoint & the Wizard of Lies ‘Madoff’ with your ELLP Money?
May 22nd, 2019
We wonder where Mark Cushway thought up the scheme of using the client’s own money to refund the same client and others. BERNIE MADOFF – did Mark Cushway study his PONZI scheme, the biggest ever investment fraud and then dream up his own version and apply it to his products. In Madoff´s words “Everybody […]
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Silverpoint Up to their old Tricks!
August 23rd, 2017
We have been contacted this week by a Silverpoint client who has been in Tenerife during the last week to ‘get their money back from their investment they made over two years ago’. We will call the lady Mrs X, she originally laid out £12,000 over two years ago as an investment in a holiday […]
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