Ruthless fraudsters scammed pensioners out of £28MILLION in Britain's largest timeshare scam

Emily Carver fumes at a convicted fraudster from the Czech Republic avoiding deportation because his children don't speak Czech. |

GB NEWS

Aymon Bertah

By Aymon Bertah


Published: 17/10/2025

- 11:18

One half of a couple who conned the elderly victims is set to be sentenced today

Ruthless fraudsters have been found to have scammed pensioners out of a staggering £28million in what represents Britain's largest timeshare scam.

Nicola Rowe pleaded guilty to money laundering and her husband Mark was previously sentenced to seven-and-a-half years behind bars after being found guilty of conspiracy to defraud.


A judge called him a "corrupting influence" who had "left a trail of misery".

The pair claimed their company helped to sell timeshares for pensioners worried about rising costs.

They even flew out elderly customers to "highly credible" fake officers in Tenerife where they stayed in hotels.

However, they were pressured for six hours worth of sales pitches.

The Rowes invested their victims' money in making the scheme even more believable.

Money was spent on advertising, brochures, websites and unsuspecting employees to lure more pensioners.

Al-Gherainiq was convicted at Southwark Crown Court

Southwark Crown Court heard victims felt trapped in a 'living nightmare'

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PA

Actress Julie Peasgood was hired by the couple to promote the company - she was totally unaware of the scheme.

The couple promised to their victims that their investments would double in 14 months.

However, 3,583 victims invested in the holiday and retail voucher scheme and lost their life savings and pensions.

The investment scam in turn paid for the couple's lavish lifestyle.

Tenerife beach and sea

The couple flew out elderly customers to 'highly credible' fake officers in Tenerife

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GETTY

They bought a £31,500 LS Lowry artwork, £110,000 on private school fees and more than £2million on a house.

A private jet was hired by the couple for £26,000 and they boasted about it on their Facebook.

The Lowes, both 54 from Hampshire, conned their victims - many aged between 70 and 90 - after investing as much as £80,000.

The scheme, beginning in 2013, is understood to be one of the biggest conspiracies of its kind in the UK.

Southwark Crown Court heard victims felt trapped in a "living nightmare".

A six-year investigation will see one of the last of the 14-strong group of fraudsters to be jailed today.

The definition of timeshare is a property with a dividend form of ownership.

It generally involves paying a one-off lump sum and maintenance fees in exchange for using it for a number of weeks each year, every year for life.

Many people struggle to afford the rising maintenance payments and do not have the ability to use the property as they get older.

The Rowes told owners they could swap their timeshares for "Monster Credits".

They promised holiday discounts and shopping vouchers instead.

One victim told Southwark Crown Court that they're supposed to be "retired and enjoying life" but the fraud affected their quality of life and reduced them to a struggle.

Crown Prosecution Service specialist prosecutor Gayle Ramsey told the court the defendants acted "in a completely selfish and manipulative manner to make huge sums for themselves and exploited timeshare owners, many of whom were elderly".

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