At the FTC's request, a federal district court has put a stop to a deceptive telemarketing operation that allegedly scammed millions of dollars from timeshare owners hoping to sell their timeshares. The FTC charged that the company conned consumers by promising that they had buyers waiting, and then required the timeshare owner to pay a large up-front fee. After paying the fee, no sale would occur and the consumer would be unable to obtain a refund.
“When cash-strapped consumers are trying to sell their property, the last thing they need is to lose thousands of dollars to scam artists who promise a quick sale, but then provide no services at all,” said David Vladeck, Director of the FTC’s Bureau of Consumer Protection.
The case is part of an ongoing FTC effort to crack down on con artists who use fraud and deception to take advantage of timeshare owners. According to the FTC, the number of complaints related to fraudulent timeshare resales has more than tripled over the past three years, as more consumers have attempted to sell their timeshares.
If you believe that you have been a victim of consumer fraud or telemarketing violations perpetrated by these companies or individuals, please take the time to report the crime to the Florida Attorney General by clicking HERE or by contacting the contact person for this case, William J. Hodor of the FTC Midwest Region, Chicago at 312-960-5634.
As always, consumers should never pay any type of upfront fee to sell a timeshare or to rent an unwanted timeshare week.