TIME­SHARE TO TIME IN­SIDE

PALMER MADE MOST OF HIS FOR­TUNE IN AN ELAB­O­RATE TIME­SHARE FRAUD WITH MORE THAN 17,000 VIC­TIMS

Real Crime - - Marnie Palmer -

When Palmer was a fugi­tive in Tener­ife, re­fus­ing to re­turn to the UK to face Brink’s Mat charges, he saw an op­por­tu­nity to de­velop the is­land into a time­share mecca. Landown­ers on the is­land were per­suaded after see­ing the mil­lions of pounds made in the Span­ish costas. “His no­to­ri­ety seemed to help,” wrote Marnie Palmer. He bought three derelict sites for £ 10,000 each and started to build.

After be­ing ac­quit­ted of his Brink’s Mat charges, he re­turned to Tener­ife. He had a ded­i­cated sales team of more than 100 who were sell­ing prop­er­ties be­fore they were even built, and many were earn­ing up to £ 4,000 com­mis­sion a day to per­suade naive pen­sion­ers to sign for nonex­is­tent prop­er­ties.

Palmer had more than 100 com­pa­nies work­ing around the globe, trans­fer­ring money be­tween them. “At the peak of his of­fend­ing, Palmer was said to be run­ning a mafia- style firm feared through­out the is­land,” wrote bi­og­ra­pher Tom Mor­gan.

17,000 peo­ple were vic­tims of his time­share fraud. He was even­tu­ally charged with eight counts of time­share fraud worth £ 15 mil­lion. He rep­re­sented him­self in court, los­ing the case, and was sen­tenced to eight years in prison.

When he re­turned to Tener­ife, it was a dif­fer­ent is­land, run by Eastern Euro­pean gangs. And in 2006 two of his clos­est friends were am­bushed and mur­dered.

Nine years later, Palmer would meet his own death. He had a long list of ene­mies.

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