Turks and Caicos Island police officials report the first in a series of arrests in the country's first ever timeshare related fraud case involving a local hotel which fooled its members almost hundreds of thousands of dollars worth of fees. The international media reports arrests by the police which stand as outstanding breakthroughs in the case.

Police agents were assisted by officials from Lloydshare, a global financial company which holds a big pie of the country's timeshare industry. Meanwhile, a ban on public disclosure of the resort and suspects' names had been put in place, despite promises of the resort being due for closure.

Another report says that almost two weeks have passed since police have been working in tandem with Turks and Caicos Island police to build a case against the management body of a recently opened hotel in the area. Staffers from Lloydshare helped identify the various types of scams that have vilified clients in the country.