This article quotes the Office of Fair Trading as saying that each year more than 400,000 UK consumers fall victim to bogus holiday clubs. It also quotes Sandy Grey of the Timeshare Consumers Association as saying that, "We have never heard of anyone receiving any money from CashBack Sales & Administration."
This is another great reminder that for anyone purchasing a timeshare or vacation club ownership regardless of its location should always purchase only with the intent of usage. Timeshare properties should never be considered an investment, and in many cases there may be no financial return or resale value of any kind in the future. Often, the only true value to a timeshare or vacation club ownership lies solely in the usage, enjoyment, and vacation memories they provide.