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UK fraudster Mark Rowe sentenced to 7.5 years for £28.1M scam targeting elderly timeshare owners with fake credits.
A UK fraudster, Mark Rowe, was sentenced to seven-and-a-half years in prison for running a £28.1 million scam through Sell My Timeshare (SMT), targeting over 3,500 elderly timeshare owners with false promises of selling their properties and earning valuable “Monster Credits.” Victims were lured to high-pressure meetings in fake offices across the UK and Tenerife, often taking out loans to invest in worthless credits, leaving them still responsible for timeshare fees.
The Rowes, including Nicola Rowe who pleaded guilty to money laundering, spent millions on luxury items, including a £2.4 million home, private school fees, a private jet trip, and a £31,500 LS Lowry sketch.
The South West Regional Organised Crime Unit led a six-year investigation resulting in 14 convictions.
The Crown Prosecution Service said it will pursue recovery of stolen assets.
El estafador británico Mark Rowe fue sentenciado a 7.5 años por estafa de 28.1 millones de libras esterlinas dirigida a propietarios de tiempo compartido de edad avanzada con créditos falsos.