Ryan F. Khoury of Apopka, Florida was recently sentenced to 8 years in Federal prison and must repay $1.6 million and forfeit property in Orlando, Florida. Khoury pleaded guilty last July to commit mail and wire fraud.
The scheme attracted over 5,000 victims, mostly seniors in the U.S and Canada. Khoury was associated with Fabien Fliefel of Winter Springs, Texas. The scheme entailed hiring telemarketers to contact timeshare owners and solicit fees with the promise of bogus buyers. Fleifel was sentenced to 14 years in prison and ordered to pay $1.3 million.
Whether buying or selling a timeshare resale it is important to protect yourself to avoid scams. Stay away from any cold calls as reputable timeshare resale brokers avoid this practice. Always do your research on the broker, the buyer, and all parties involved. Check with the Better Business Bureau, the involved state’s Real Estate Division, and verify they are licensed, reputable brokers.
Premier Timeshare Resale agents are licensed RE/MAX agents and are dedicated to helping identify and stop scammers. PTR has an A+ rating with the Better Business Bureau, and zero complaints with the Division of Real Estate.
Premier Timeshare Resale never charges a fee to buyers, and there is never an up-front fee for those looking to sell their timeshare. For more information on avoiding or reporting a timeshare scam, or help buying or selling a timeshare resale, contact us today.