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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 ...
Jess Kinmont and John P. Wenz Jr.’s scam business — Pro Timeshare Resales, ... The FTC filed a lawsuit against the men in December 2016, according to an agency’s news release issued at the time.
A 2020 study by the American Resort Development Association found that 9% of the 10 million owners of timeshares wanted to sell them within the next two years.. In some cases, their lifestyles had ...
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.
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 the leisure industry, a destination club (also vacation club or travel club) is a form of timeshare system where members pay a membership deposit and annual dues to access the club's properties. The concept was introduced in 1998, when Rob McGrath, a veteran of the luxury time share development business, launched Private Retreats. [ 1 ]
The term "timeshare" was coined in the United Kingdom in the early 1960s, expanding on a vacation system that became popular after World War II. [1] Vacation home sharing, also known as holiday home sharing, involved four European families that would purchase a vacation cottage jointly, each having exclusive use of the property for one of the four seasons.
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related to: vacation village fort lauderdale timeshare promotions scam lawsuit claim