Incentive Leisure Group Ltd
On the 9th June 2009, in Reading Magistrates Court, Incentive Leisure Group Ltd pleaded guilty to 11 counts of fraud.
The conviction was brought against the company because they had implied to consumers that they would dispose of their timeshare for them, sell them membership of a “holiday club”, and that they would be able to recover their investment via a “cashback certificate” that would mature in 5 years’ time. No one received their monies back in full via the “cashback certificate”, the timeshares were very often not disposed of in an appropriate manner, and the benefits of the holiday club were at best exaggerated.
BBC Watchdog and many of the national papers had reported on the scams that this company was operating.