Seven individuals have been arrested for timeshare fraud in Tenerife, Spain.

The Ministry of Interior claims that the suspected conmen victimized more than 50 people, getting more than 1.5 million euros in the process.

As explained by Tenerife News, “Intermediaries contacted their victims saying that they had a purchaser interested in buying their rights to their Timeshare property. Those who agreed to sell were charged around 30,000 euros in taxes plus the cost of transferring ownership. After the money changed hands, they heard nothing from either the intermediary or buyer.”

After a five-month investigation, the police raided a property where they retrieved banking statements, property deeds, and money transfer receipts to Senegal—which led tem to the arrest of the seven holders of different bank accounts where the funds were deposited.

The seven individuals all reside in Tenerife. The authorities have not disclosed their nationalities.