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The Federal Trade Commission is sending refund checks to people who were allegedly defrauded by Timeshare Resales LLC, Williams Enterprises, and others.
Reportedly, the FTC is sending out 8,088 checks, totaling almost $2.7 million. The average check amount is $332, says that FTC.
The checks are being sent out as compensation to customers, as part of a settlement that the FTC reached with Timeshare Resales LLC and associates.
The settlement ends claims that the company intentionally lied to customers about timeshare sale and rental opportunities, and fraudulently charged them fees to assist with the sale.
The FTC says that between November 2011 and December 2016, Pro Timeshare Resales LLC tricked customers by charging them a fee to allegedly sell their timeshares, which the company did not do.
The company would reportedly lie to timeshare property owners and tell them that they had a buyer or renter who wanted to buy or rent the owners’ property. The FTC says that the company then charged customers a fee to rent the timeshare, but never rented it. The FTC says that the company charged customers around $3,500 in upfront fees, sometimes charging them even more.
According to the FTC, Timeshare Resales told customers that they would sell or rent the timeshare for a specified price, but failed to do so. In other instances, customers say that the company promised to sell or rent the timeshare quickly, but did not do it as promised.
According to the FTC, timeshare scams occur when customers have to pay money upfront when a company says that there is a buyer, and then the customer finds out that that there was no buyer. Allegedly, the customers are then not able to get their money back, even after they discover that there is no buyer.
The FTC provides information to help customers watch out for timeshare scams on its website.
In addition for compensation for allegedly affected customers, Timeshare Resales LLC’s agreement with the Federal Trade Commission also bans the company and its associates from participating in timeshare resale services and marketing.
According to the FTC, the company is also required to surrender assets, in order to provide refunds to customers. Assets that will be surrendered reportedly include homes, vehicles, silver coins, and jewelry including a Rolex watch and a diamond ring.
The FTC advises customers who receive a check to cash it within 60 days, as it will expire after that time. The FTC also notes that customers who receive an FTC refund check are never required to pay money or provide personal information to cash the checks.
Customers who have questions about the refund checks should contact settlement administrator JND Legal Administration at 1-844-546-3045.
Have you ever experienced a timeshare resale scam? Share your story in the comment section below.
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65 thoughts on$2.7M Timeshare Resale Scam Checks In The Mail, Says FTC
WOW GUYS!!!! I’M SO SORRY YOU WENT THROUGH OR YOUR STILL GOING THROUGH THIS!!! THIS WORLD WE LIVE IN IS SOOOOO CORRUPT!!!! IDK HOW PEOPLE CAN CONTINUE TO GET AWAY WITH THIS. VERY SAD.
I PRAY YOU ALL CAN SUE THE SHIT OUT OF EACH AND EVERY ONE OF THESE CREEPS
I paid $10,700 to a company called RESORT RESOLUTIONS CONSULTING GROUP OUT OF SAN ANTONIO TEXAS UNDER KENNETH WHITE ALSO GOES BY CHIP REED AND THOMAS EARL WAITE AND ARLENE ALVAREZ TAMAYO to get us out of 3 timeshares. They took my money and did nothing for us…
Avoid any company trying to sell or rent out your timeshare but then say you have to pay fees and taxes. They’ll claim the buyer is rebursing the costs and added it to the escrow account. They want the fees paid by you and sent to Mexico via wire transfer. Don’t do it!!! RUN AWAY!!! I was stupid and now I’m much broker as a result. Global Business Consultants was one name used. Another was MBReality. (Real company but the scammers claim they are on New York). Hang up and never do business with any of them.
I’m trying to get out of a time share there telling me there’s no way out unless I file for bankruptcy. Is there any pro Bono help please.
No that won’t stop the proceedings! It’s real estate. If the Company won’t take it back and 99.9% don’t, no reason too they have you on the hook for the MF’s! You have to have it legally taken out of your name by a legitimate attorney that specializes in timeshares cost money! What attorney do you know doesn’t? Hope it helps?
What can be done to change timeshare law? The whole industry is really a scam. What is not explained is there is NO way to get out. It is literally “Hotel California”, you can never leave. There should be a legal way for an “owner” (one without any obligation than their annual maintenance fee) to simply cancel/release their ownership at no cost or benefit to them to avoid the annual obligation for a service or use no longer wanted. My current timeshare organization (Westgate) has essentially eliminated the resale market and if they choose, will charge you about $900 for the privilege of returning your unit. The entire industry is a scam in my opinion and I tell anyone who will listen to run, RUN from anyone trying to convince you otherwise…
There are companies now that buy timeshares out from under you. You can dump it on them, Branson has several places offering to eliminate your timeshare headaches.
Ha! Isn’t that what this whole post is about? The scam artists who add insult and injury to your previous obligation? Not sure I trust anyone offering me ANYTHING but to get me out – and providing me a foolproof contract stating such (including my official transfer of title/ownership). Haven’t interacted with any who do so.
If David Segal will let you out for $900 you better run and take that deal!!!!!! Before it’s too late! That’s cheap!!!!! I use to work for him and your right it’s not fair! And it’s only going to get worse before it gets better! But you did have 10 days to cancel by Florida law!
Paying $1795 to eliminate the problem and stop harassing collection notices. Westgate created their own collection agency. Also the group I am hiring guaranteed to eliminate two years back owners annual fees
I DEALT WITH THIS WITH WESTGATE AND I HAD THE DEED.
I switched from weeks to points. They told me that there was way more options going to points, since I was having issues finding places other than in Florida. They charged me $15k to do it but gave me a $4k credit on my existing property. Supposively I bought was more buying power. I still have a week property and it was a total lie. I do not have anymore options. The same properties are offered. Also I dont feel like I have more buying power. I feel like I just threw that money away and was scammed by the switch.
We paid 895.00 to Timeshare Tower Liberty to sell ours, have not heard 1 word and you can’t even speak to anyone. They called us, they had all our info, it is a scam I believe they work in conjunction with the properties.
I paid Timeshare Exit Team nearly $5,000 to get out of my timeshare and I can’t even get them to return my calls or emails. When I get them on the phone someone tells me that they are “making progress”. It’s been over 18 months, and they assured me it would take less than 6 months. They refuse to give me a refund because they claim they can still try something else to get me out. I would love to sue them to get my money back!
I worked for a timeshare exit company for about a year and a half. They are supposedly out of business now but most likely they are just operating under a different name. I would love to be able to get ahold of all the people they scammed out of tons of money and help them recover it. I don’t know how to go about doing so though. I’m wondering if I could start a class action lawsuit? I have all the business owners and top sales guys contact info and more than enough proof to have them all found guilty and sent to prison. If anyone knows what I can do please let me know.
I was also scammed from a company call GMAC time share resale. They took my $500 to rent out my time share and never did. What do I do? Get a lawyer and start a law suit?
I might be able to help, what’s the name of the company?
I have paid $500.00 to one mr. Chris murphy to resale my timeshare in Florida Bonaventure vacation village. Since February 2019 nothing good is coming out of it.