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According to the British tabloid the daily mail a time share mastermind, a British woman was arrested on Monday Jan 10th 2014 for allegedly helping organise a £4.3million timeshare fraud that targeted thousands of tourists visiting Gran Canaria.

Named as Paula Beatson (second from left) and Eugen Kaiser (in white shirt). Beatson was one of the Britons arrested in Gran Canaria on fraud charges relating to the sale of timeshares that do not exist.

Paula Beatson, believed to be from Lancashire, was named as one of those arrested along with German Eugen Friedrich Kaiser and Norwegian Kieron Day.

It is understood that both Beatson and Kaiser were previously accused of fraud in 2006 but were not convicted of any crime

The daily mail reports that 58 people, mostly ticket touts were arrested Gran Canaria for allegedly raking in £5million by selling timeshare properties that never existed to 2,000 victims
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Time share syndicate in Gran Canaria released on Bail

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