While Wade Capital Management claims to be located at 668 19th St., Des Moines, the bureau said mail sent to that address, an apartment building, has been returned as undeliverable and the company is not registered as an Iowa corporation.
The bureau said one timeshare owner indicated Wade Capital Management requested a 10 percent transfer commission fee paid by wire in advance to an address in Mexico.
Many timeshare owners are fleeced by companies seeking to capitalize on demand to sell timeshares. The Better Business Bureau recommended that timeshare owners avoid dealings with companies that contact them by phone. If they decide to do business with a timeshare sales company, they should check to determine if the reseller’s agents are licensed to sell real estate where the timeshare is located. Timeshare owners should get any promises in writing and avoid whenever possible paying any fees in advance.
If you believe that you have been a victim of consumer fraud or wire fraud perpetrated by this company, please take the time to report the crime to the Iowa Attorney General by clicking HERE and also report the crime to the FBI