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Timeshare Fraud

FTC Obtains Court Orders Banning Defendants From Selling Timeshare Resale Services

Jul 25th, 2014 | By | Category: ALL NEWS HEADLINES, Timeshare Fraud, Timeshare Resales/Rentals, USA & Canada

WASHINGTON D.C. (July 25, 2014) — The defendants behind three deceptive timeshare resale operations are banned from selling timeshare property resale services under settlements resolving charges that they lured consumers into paying hefty up-front fees, falsely claiming they had prospective buyers for properties they wanted to sell. The settlements stem from a crackdown on travel [...]



Travel Services, Inc. Prohibited from Doing Business in Massachusetts under Settlement with AG Coakley’s Office

Jul 24th, 2014 | By | Category: ALL NEWS HEADLINES, Legal Issues, Timeshare Fraud, Travel/Vacation Clubs, USA & Canada

BOSTON, MA (July 24, 2014) — Illinois-based Travel Services, Inc. and its principals have agreed to a $50,000 judgment that permanently prohibits them from selling and marketing vacation club memberships in Massachusetts, settling claims that they sold over-priced memberships by using high-pressure sales tactics and misrepresenting the value [...]



Former VO Group Employee Sentenced To Three Years In Prison For Fraud Conspiracy

Jul 21st, 2014 | By | Category: ALL NEWS HEADLINES, Legal Issues, People, Timeshare Fraud, USA & Canada

CAMDEN, N.J. (July 21, 2014) — A former employee of The Vacation Ownership Group LLC, was sentenced today to 36 months in prison and ordered to pay more than $3 million in restitution for conspiring to defraud owners of timeshare properties, U.S. Attorney Paul J. Fishman announced. Eric Reilly, 34, of Galloway, New Jersey, previously [...]



South Florida Man Sentenced For Bilking Consumers in Timeshare Resale Fraud

Jul 16th, 2014 | By | Category: ALL NEWS HEADLINES, Legal Issues, Timeshare Fraud, Timeshare Resales/Rentals, USA & Canada

EAST ST. LOUIS, IL (July 16, 2014) — On July 10, 2014, Peter L. Massimino II was sentenced to 87 months in federal prison to be followed by 2 years supervised release, Stephen R. Wigginton, United States Attorney for the Southern District of Illinois, announced. United States District Court Judge Michael J. Reagan sentenced Massimino [...]



South Carolina Man Charged With Tampering With Witnesses In Federal Trial

Jun 30th, 2014 | By | Category: ALL NEWS HEADLINES, Legal Issues, Timeshare Fraud, USA & Canada

CAMDEN, N.J. (June 30, 2014) — A South Carolina man was arrested June 27 and charged with tampering with witnesses in a federal criminal trial that concluded last September, U.S. Attorney Paul J. Fishman announced. Dennis Nadeau, 53, of Myrtle Beach, S.C., was arrested at his home this morning by agents of the FBI and [...]



Owner Of $14.5 Million Timeshare Resale Scam Surrenders In Southern Illinois

Jun 26th, 2014 | By | Category: ALL NEWS HEADLINES, Legal Issues, Timeshare Fraud, Timeshare Resales/Rentals, USA & Canada

-InsideTheGate.com Staff
So far nearly 60 people have been prosecuted in Southern Illinois alone in connection with telemarketing organizations that defrauded thousands of timeshare owners across the continent out of millions of dollars, all on phony claims of having buyers for their timeshares. Most of the operations were run out of boiler rooms located in Palm [...]



Four Indicted on Charges of Timeshare Resale Fraud

Jun 25th, 2014 | By | Category: ALL NEWS HEADLINES, Legal Issues, Timeshare Fraud, Timeshare Resales/Rentals, USA & Canada

EAST ST. LOUIS, IL (June 25, 2014) — Stephen R. Wigginton, United States Attorney for the Southern District of Illinois, has announced that a federal grand jury returned four one-count Indictments for conspiracy to commit wire fraud and mail fraud against the following individuals: Elpenike Eddy-Aldava, 73, of Las Vegas, NV Becky S. Marrs, 66, [...]



Former Cay Clubs Executives Charged With Obstruction Of The U.S. SEC And Wire Fraud Conspiracy

Jun 25th, 2014 | By | Category: ALL NEWS HEADLINES, Legal Issues, Timeshare Fraud, Timeshare Resales/Rentals, USA & Canada

MIAMI, FL (June 25, 2014) — Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, Alysa D. Erichs, Special Agent in Charge, U.S. Immigration and Customs Enforcement’s Homeland Security Investigations (ICE-HSI), and Jose A. Gonzalez, Special Agent in Charge, Internal Revenue Service, Criminal Investigation (IRS-CI), announce that Fred Davis Clark, Jr., a/k/a [...]



Wisconsin Attorney General Announces $4.8 Million Fine Against Travel Services, Inc., William Bailey, Christy Spensberger and Others

Jun 4th, 2014 | By | Category: ALL NEWS HEADLINES, Timeshare Fraud, Travel/Vacation Clubs, USA & Canada

MADISON, WI (June 4, 2014) — Attorney General J.B. Van Hollen has announced that Outagamie County Circuit Judge Dee Dyer, in a consumer protection enforcement action brought by the Wisconsin Department of Justice, has ordered entry of a judgment totaling more than $4.8 million against a travel club business, Travel Services, Inc., located in Litchfield, [...]



Ten Individuals Indicted In $14.5 Million Telemarketing Scam

May 28th, 2014 | By | Category: ALL NEWS HEADLINES, Timeshare Fraud, Timeshare Resales/Rentals, USA & Canada

EAST ST. LOUIS, IL (May 28, 2014) — Stephen R. Wigginton, United States Attorney for the Southern District of Illinois, announced today that a federal grand jury returned ten one-count Indictments for conspiracy to commit wire fraud and mail fraud against the following individuals: Suzanne W. Schmier, 42, of Glen Rock, NJ Wesley S. Aldred, [...]