Less than two weeks ago, United States Attorneys in Fordia convicted two individuals for conspiracy and fraud in connection with a timeshare resale telemarketing scheme. 41 defendants in total were charged with the scheme, working under the name Timeshare Mega Media and Marketing Group Inc.
The scheme involved calling timeshare owners under an assumed name and convincing timeshare owners that they could resell their timeshare units but would require a refundable fee to secure the sales. Victims were charged between $2000 and $10,000 under the false pretense that they had secured a buyer, when in fact no buyer had been found. In 10 months the conspiracy had bilked approximately $5,000,000 from timeshare owners.
This is hardly the first report of fraud related to the timeshare industry. Read this previous blog post for more information and an overview of consumer protections issues in the timeshare industry: http://theabramsfirm.com/they-promise-you-can-make-money-by-selling-my-timeshare-they-guarantee-my-transfer-will-work-so-what-about-upfront-fees/
And, the timeshare Consumer Protection Attorneys at TCPAA.org also identified this timeshare scam to warn the public over a year ago. With this happening again, it offers timeshare owners help they should know about in this of a similar form of Fraud claiming to sell a timeshare to a [fake] buyer waiting to close the timeshare sales transaction: http://tcpaa.org/divestment-scam-reports/avoid-known-scams/fake-buyer-scam/
Protect Yourself And Divest Smartly
Don’t let yourself become a victim. So you want to get rid of your timeshare? Here’s a few options that you can use to shake that timeshare free without being scammed:
1. Contact a trusted Timeshare Real Estate Brokerage. These are licensed brokers who will take their fee from the sale of the timeshare; in other words, they have all the incentive to get a good price and you don’t pay a dime until the property is sold and the money is in your hands.
2. Find a buyer. The self-help sales process can be a powerful and efficient way to sell your timeshare if you can put in the time. The internet has become a powerful tool for buyers and sellers both. If you don’t know where to start, take a look at TimeshareForums.com for buyers and sellers both.
3. Contact a consumer protection attorney. And of course, if you want to speak to someone who can help you make an informed decision about the best options for legal timeshare divestment you can always contact a consumer protection attorney for a free consultation. Just give me a call!
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