Often timeshare fraud stories start to sound similar– a small, nondescript company in Southern Florida that calls up and takes advantage of senior citizens by imposing upfront fees and never being heard of again. Yet, a company based in Pleasantville, NJ was recently charged with mail and wire fraud in timeshare resale.

 

The company maintained connections to New Jersey, South Carolina, Florida and St. Thomas, Virgin Islands, and gained an estimated $3 million in fraudulent funds. It was estimated that the company persuaded over 225 owners that by paying upfront fees they could better sell their timeshares. One of the most disturbing things about the scam is that few would suspect a timeshare scam outside of Florida, making it easier for the company to take advantage of owners. So watch out- fraud can be anywhere, anytime. Only trust companies with no upfront fees.

If you’re interested in buying or selling a timeshare, contact our licensed real estate professionals at 888-235-0466 or visit our website for more information:

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