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The biggest red flag of a timeshare exit scam is having to pay an upfront free. Other red flags include: Unsolicited offers, sometimes purporting to come from legitimate timeshare companies.
Jess Kinmont and John P. Wenz Jr.’s scam business — Pro Timeshare Resales, a Florida limited liability company purporting to promote reselling timeshares — defrauded over 8,000 people of ...
Looking back, that was the first sign that he was getting duped by a telemarketing scam, one that would end up costing him nearly $1.8 million dollars as he tried time and again to sell his timeshare.
In Oregon, the attorney general added that Kars4Kids failed to disclose that its offer of a "free vacation" for vehicle donors was designed to recruit people to attend timeshare presentations. [44] In 2017, Minnesota Attorney General Lori Swanson conducted a compliance review and submitted a 300-page report to the Internal Revenue Service.
• Fake email addresses - Malicious actors sometimes send from email addresses made to look like an official email address but in fact is missing a letter(s), misspelled, replaces a letter with a lookalike number (e.g. “O” and “0”), or originates from free email services that would not be used for official communications.
Beware of vacation home rip-offs The rental property looks picturesque and has all the amenities you need. Before booking your stay online, make sure you're getting the real deal.
Some charities accept timeshare donations. [3] A few charities are able to utilize timeshare weeks to generate revenue, by renting them to donors, or offering the vacation week for auction at a charity event. However, most charities are unable to take on deeded ownership of a timeshare, so they opt to sell the timeshare.
A telemarketing ring that allegedly scammed millions from consumers nationwide looking to sell their timeshares was shut down by the Federal Trade Commission, the agency announced today.There were ...