For decades people have agreed to a free trip to attend half-day seminars — usually about timeshare condo investments in travel hot spots.
As people have become more savvy, con artists have changed their game, the Better Business Bureau says, prompting new warnings from the FBI and Federal Trade Commission.
ITRA Timeshare News Blog
A new phone call tactic nabbed one local man's moneyThurman Huddleston, 67, filed a complaint with the BBB after he wired more than $10,000 to a Dallas company promising to sell his timeshare in Cozumel, Mexico. He had visited the Reef Club condo about a dozen times since buying it in 1996, he said. Huddleston researched the company online and didn't see red flags so he sent the funds to cover closing costs.
"It sounded right, so I made the deal," Huddleston said.
Then the company couldn't be contacted.
Last year there were more than 2,600 complaints filed nationally with the bureau regarding timeshare companies. Some related to dates or management issues while others allege companies collected money then disappeared, as with Huddleston.
It's not the only scam still working. - “ITRA”
Source: Caller.com
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ITRA
The above story is one that we here very often at ITRA from many of our clients.Our objective is to support the consumer in timeshare disputes. We have discovered a pattern of abuse, deception and even fraudulent issues that have been systematically perpetrated by many of the major timeshare industry players to the detriment of owners.
If you feel you have fallen foul of any of these Timeshare companies and want a solution? Contact ITRA today.
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