Archive for Timeshare Scams

Are You a Target for Timeshare Scams?

Timeshare Scams: Do You Have a Bullseye on Your Back?

Timeshare Scam TargetThe perils of timeshare ownership are growing daily. It seems that just by owning a timeshare, you are a target for timeshare scam artists…the likes of which multiply exponentially with each passing day. There are several reasons for this.

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Another Vacation Ownership Group Scam Artist Convicted

vacation ownership group scamYet another Vacation Ownership Group scam co-conspirator has been sentenced in N.J. Federal Court. Previous employee of The Vacation Ownership Group LLC, Eric Reilly, 34, of Galloway, was sentenced July 21, 2014 to 36 months in prison and ordered to pay more than $3 million in restitution for conspiracy to rip off timeshares owners throughout the United States, as U.S. Attorney Paul J. Fishman announced.

Reilly had recently entered a plea of guilty to one count of conspiring to commit mail and wire fraud. The guilty plea was entered to U.S. District Judge Noel L. Hillman. Judge Hillman subsequently imposed Reilly’s sentence in Federal court in Camden, NJ.

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American Vacation Services Scam

American Vacation Services ScamSince back around the economic crash of 2008, American vacation services have popped up all over the country scamming financially strapped timeshare owners.

These types of scams seek to capitalize on the overwhelming need for ways to cancel timeshare contracts through timeshare donation, timeshare resale schemes and timeshare rental listing fraud.

It’s not uncommon for timeshare owners to end up on call lists that are bought and sold on the black market. These call lists give American vacation services a perfectly crafted demographic to which they market their shady deals.

While the FTC has spend the past year stepping up its efforts to crack down on these fraudsters, there are always new and creative fraudulent business services taking aim at those who are eager to find a way to get out of a timeshare contract. Read More→

Timeshare Scams

Timeshare ScamsTimeshare scams are cropping up like weeds due to the tumultuous circumstances in the timeshare market. This fertile ground for timeshare rip-off businesses has helped them to take advantage of innocent timeshare owners.

These timeshare scams might promote themselves as real estate marketers, various types of law firms, and/or companies that resell timeshare properties, yet in the long run, they’re basically cut from the same soiled fabric.

The following is a breakdown of the different types of timeshare scams you may run into as a timeshare owner, followed by suggestions of ways you can keep from becoming a victim of their underhanded schemes.
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