Search:     Go  
The Spanish Lawyer Online
The Spanish Lawyer Online
+ Reply to Thread
Results 1 to 5 of 5

Thread: Key Property Town Advisory

  1. #1
    jean
    Guest

    Default Key Property Town Advisory

    could you please inform me is there such a firm called key property town advisory calle cordoba 35,edif. villa blanca 1c fuengirola 29640 malaga spain

  2. #2
    Senior Member
    Join Date
    Oct 2008
    Location
    Marbella
    Posts
    1,095

    Default

    Daer Sir/Madam,

    Over the years we have received many queries on this company located in Fuengirola on whether it was legitimate.

    Yes they do exist but we are unable to confirm on whether KPTA are legitimate or not, sorry.

    What we can confirm is that the European Consumer Authorities' (CEC) delegation for Spain, located in Madrid, are unhappy with Key Property Advisory and lodged a public warning on their alert section in 2007, both in Spanish and English, on KPTA's activities on the front page of their website:

    Informative letter in English from Madrid’s European Consumer Centre in Spain on KPTA's activities:

    What I do advise you is that you should always inherently mistrust anyone cold-calling you out of the blue from Spain requesting money up front.

    How did they get your contact details?

    How do they know where you invested?

    How do they know how much you invested?

    All these personal details are protected in Spain under the Data Protection Act.

    In our ten years experience companies that follow this modus operandi have always turned out to be scams.

    Legitimate Spanish companies do not phone you out of the blue pressuring you to pay money up front for legal services. It just doesn't work out that way.

    I leave you to draw your own conclusions. We take no stance.

    Please read this very useful post by admin:

    9 Tips on How to Determine if an Offer is a Scam- 17th October 2008



    We are receiving a dozen queries every day asking about the legitimacy of certain offer, generally received by email or over the phone after a cold call. Unfortunately, we cannot analyze case by case, and therefore will provide a set of useful hints which will help you evaluate the legitimacy of the company or individual yourself.

    The list below is provided in no particular order:

    1. Is the domain name old enough? By means of a Whois search you can find out when the domain name was registered. If it’s only a few weeks old, be suspicious.

    2. Are they using mobiles? – If the phones used as contact numbers are mobile numbers instead of land lines, it’s definitely not a good sign. In Spain, mobile numbers start by +34 6..

    3. Have you been contacted out of the blue? – If you where cold called, or received an email from someone you don’t know, ask yourself why these people have your contact details.

    4. Are you being requested to pay money upfront? This is the single most worrying point if it comes in conjunction of with one or more of the above.

    5. Are they requesting you a money transfer through Western Union or similar?

    6. Is the offer too good to be true? If the offer sounds too good to be true, it probably is.

    7. Is the company properly registered? – Although it’s something positive if they can provide you with company registration details, you shouldn’t give this point too much importance. Fraudsters have been registering companies for decades with the sole purpose of deceiving (e.g. dozens of companies where incorporated by fraudsters to conduct the infamous Timeshare Resale Scam)

    8. Is the address for their offices correct? – Not sure why, fraudsters tend to provide you with fake addresses which don’t really exist. Check any of the online street directories and find out if the address provided is correct.

    9. Something strange about their names? Funny names such as “Woley Fernandez” or “Barrister Perez Santos ESQ” are names made up by Nigerians conducting 419 advance fee scams (the terms “Barrister” or “ESQ” don’t exist in Spanish law). Also, fraudsters tend to cite fake organisms such as “The Ministry of Finance” or “The Security Company”.

    10. What others are saying – Use search engines to find information about the company. Try putting the company in inverted comas, and add terms like “scam” or “fraud”. The company or individual you mention might have already been reported online as fraudsters by other people.

    Needless to say, the above list shouldn’t be taken as definitive, nor the absolute legitimacy o illegitimacy of a company established based on one or more of the above points. You can use it, however, to personally evaluate the risk of the transaction.

    My recommendation is that you never pay any moneys upfront if you have been contacted out of the blue. However, if you have to, before doing so always suggest the use of an escrow company (chosen by you) to hold the funds until the product or service has been delivered. If they refuse, I recommend that you back off.

    Always remember; have a lawyer analyze the transaction before making any up-front payments.


    Yours faithfully,
    Last edited by Lawbird Lawyer; 06-30-2010 at 04:18 PM.

  3. #3
    Unregistered
    Guest

    Angry Ref (keyproperties town Advisory)

    I would like to know if they are a real company(KPTA) we get letters from time to time, we paid them some money, now they are asking for more, what do I do
    Can anyone help

  4. #4
    Senior Member
    Join Date
    Oct 2008
    Location
    Marbella
    Posts
    1,095

    Default

    Dear Sir or Madam,

    We quote the above reply.

    Quote Originally Posted by Lawbird Lawyer View Post

    Dear Sir/Madam,

    Yes they do exist but we are unable to confirm on whether KPTA are legitimate or not, sorry.
    Yours faithfully,

  5. #5
    Junior Member
    Join Date
    Jan 2013
    Posts
    1

    Default

    Quote Originally Posted by Unregistered View Post
    I would like to know if they are a real company(KPTA) we get letters from time to time, we paid them some money, now they are asking for more, what do I do
    Can anyone help
    As implied above, they are a real company. KPA lodged a public warning on them so stay away. Don't give them more money as they may turn out to be scammers.

+ Reply to Thread

Bookmarks

Posting Permissions

  • You may post new threads
  • You may post replies
  • You may not post attachments
  • You may not edit your posts
  •