CBS News published an article which relates the dilemma many timeshare owners are facing, a steady bombardment of false claims and broken promises in return for large upfront marketing fees. Follows is an excerpt from the article. Please visit the link above to read the document in its entirety.
"...An increasing number of timeshare owners across the country are being scammed out of millions of dollars according to law enforcement officials. The Florida Attorney General's Office says timeshare fraud tops their list of complaints with over 12,000 last year alone, outnumbering the second most frequent complaint by more than three-to-one.
"I don't think there's an honest person involved in this," says Darrell Bifano, one of approximately 8 million Americans who owns a timeshare.
After he was laid off from his job at a propellant plant in central Washington state, Bifano joined the growing ranks of the American unemployed who are in need of money. So when representatives from timeshare companies called Bifano in the spring of 2010 offering to advertise his timeshare in Oahu, Hawaii for rental, he jumped at the chance. He would soon come to regret it.
"I'll never do anything like this again," says Bifano. Bifano believes he is a victim of timeshare resale fraud, a scam in which telemarketers call people throughout the country offering to sell or rent their timeshares in exchange for a fee. When the victim gives the telemarketer his or her credit card information, the telemarketer charges a fee to the card which can range from a few hundred to a few thousand dollars. In Bifano's case, he says he was approached by four of these "timeshare marketing" companies in quick succession, to which he paid a total of $4,000. As is often the case with these companies, according to law enforcement, his timeshare went unrented, and he hasn't seen or heard from the telemarketers again..."