http://wck2.companieshouse.gov.uk/0ace31efe56d2ea9a38b176919183324/compdetails

http://wck2.companieshouse.gov.uk/0ace31efe56d2ea9a38b176919183324/compdetails

We found out that GETAM was registered in Feb 07 but on GETAM website stated that it was founded in year 1992. Do a search & you won’t find any information about GETAM from year 1992–2006. The reason is because http://www.greateasterntrust.co.uk is registered under Axial Management and this domain was registered in 26 Feb 2007

Ideally, one has to filed an agreement with the actual timeshare company in order to make it legal to loan or take over your membership. Look at the contract of your timeshare. Or you can check with your timeshare if such buyback scheme exist & whether the membership still belongs to you

You might be able to get some payout but unlikely will last through the 3rd year. Co, Ltd/Pte Ltd kind of companies are very easy to shut down & they have very limited liability. You don’t want to end up losing $$ and still stuck with a timeshare contract!

I am trying to work things out as a group so contact me if you are one of them or know someone that has signed with Axial Mgt

charles_lor@yahoo.com.sg

We found out that GETAM was registered in Feb 07 but on GETAM website stated that it was founded in year 1992. Do a search & you won’t find any information about GETAM from year 1992–2006. The reason is because http://www.greateasterntrust.co.uk is registered under Axial Management and this domain was registered in 26 Feb 2007

Ideally, one has to filed an agreement with the actual timeshare company in order to make it legal to loan or take over your membership. Look at the contract of your timeshare. Or you can check with your timeshare if such buyback scheme exist & whether the membership still belongs to you

You might be able to get some payout but unlikely will last through the 3rd year. Co, Ltd/Pte Ltd kind of companies are very easy to shut down & they have very limited liability. You don’t want to end up losing $$ and still stuck with a timeshare contract!

I am trying to work things out as a group so contact me if you are one of them or know someone that has signed with Axial Mgt

charles_lor@yahoo.com.sg

Recently, I received a call from Axial Management (Singapore) who claims that they are associated with Great Eastern Trust & Asset Management Co. Ltd (London). They are also acting under the instructions of World Travel Organization to approach the members of ERI, to compensate the members. Their condition is — If I pay Axial a sum of S$17,800, World Travel Organisation will compensate me S$20,000 three years later through Axial. Great Eastern Trust will also pay me through Axial a sum of about S$30,000 for utilizing my package. Though this amount is guaranteed by Axial (in writing), I feel that there’s no 100% guarantee that Axial Management will pay up three years later or even exist after 3 years.. My most worrying concern is Axial Management may be scamming people into paying more money. Therefore I rejected Axial Management’s proposal.

Very soon, about 3 days later, I received a final warning letter from ERI asking me to settle the balance payment within 7 days, otherwise they will take legal action against me to recover the amount.

I find it very puzzling that ERI suddenly issue me a final letter after 4 years, and especially so just after I’ve rejected Axial’s offer. I suspect that both companies are related to each other with Axial claiming they want to help ERI members get out of the contract by making the members pay more. And if members rejected Axial’s proposal, ERI will threaten to sue, thereby leaving the member no choice but to take up Axial’s offer.

I hope this will prevent more people falling victim into these scams.

Recently, I received a call from Axial Management (Singapore) who claims that they are associated with Great Eastern Trust & Asset Management Co. Ltd (London). They are also acting under the instructions of World Travel Organization to approach the members of ERI, to compensate the members. Their condition is — If I pay Axial a sum of S$17,800, World Travel Organisation will compensate me S$20,000 three years later through Axial. Great Eastern Trust will also pay me through Axial a sum of about S$30,000 for utilizing my package. Though this amount is guaranteed by Axial (in writing), I feel that there’s no 100% guarantee that Axial Management will pay up three years later or even exist after 3 years.. My most worrying concern is Axial Management may be scamming people into paying more money. Therefore I rejected Axial Management’s proposal.

Very soon, about 3 days later, I received a final warning letter from ERI asking me to settle the balance payment within 7 days, otherwise they will take legal action against me to recover the amount.

I find it very puzzling that ERI suddenly issue me a final letter after 4 years, and especially so just after I’ve rejected Axial’s offer. I suspect that both companies are related to each other with Axial claiming they want to help ERI members get out of the contract by making the members pay more. And if members rejected Axial’s proposal, ERI will threaten to sue, thereby leaving the member no choice but to take up Axial’s offer.

I hope this will prevent more people falling victim into these scams.