Florida Officials Arrest Two Timeshare Scam Artists
Written by: Traver
Many people will remember our recent posts about the Florida Attorney General and their attempts to crack down on timeshare scams and shut the operations down which Florida has become notorious for over the last couple of years. Just in case criminals were not taking the serious we found a press release from Florida officials stating they raided one such operation and made two arrests on April 22, 2010. The two arrested were operating a “company” which they tried to pass off as a legitimate business under the name of Timeshare Gold Line. Upon closer inspection officials found out this was just a front for another timeshare scam. The two individuals arrested were Gunnar Jenkins, 31 and Nicholas Thomas, 28, both of Orlando. The arresting agency was the Florida Agriculture and Consumer Services, who is charge of regulating Florida telemarketing companies, the two individuals arrested are being charged with operating a telemarketing business without the correct licenses from the state of Florida.
It is great to see the Florida government taking notice of this problem and actually doing something about it, one can easily see where the Attorney Generals office might turn a blind eye to the situation given the fact that many of the victims are from other states around the country and not just isolated to Florida. People are scammed out of millions of dollars every year by operations very similar to the one which was inspected and shut down last week. If you have given any money to Timeshare Gold Line or even been contacted them we would encourage you to contact the Attorney General in both the state you live in and in the state of Florida. If you have been contacted by other companies you may feel are trying to defraud timeshare owners the same advice would apply, in some cases if you have already given them money you may not receive your money back however you will have the satisfaction of helping take a criminal off the street and most likely keep others from being scammed.
Often times these companies can be hard to spot, here are a few tips which can help you spot these companies before they separate you and your money. If you are a timeshare owner and someone calls you with out your request asking if you would be interested in selling your timeshare there is a good possibility you are talking to a criminal. Another sign is these people will tell owners they can sell a timeshare for more than they are actually worth, in many cases people report these criminals will tell them the timeshare will sell in a short amount of time for more than the purchase price. If someone tells you this you can be sure they are a criminal, anyone who has been around the timeshare resale industry for any amount of time knows timeshare resales are sold for a fraction of the price of sales directly from the resort, for someone to say you can sell the ownership for more is a lie. Once they tell you how much they can sell the timeshare for they will ask for thousands of dollars up front to initiate the process and will say they already have a buyer lined up, at this point the owner is believing even after giving the company thousands of dollars there is still profit to be made so they pay it. Once they have paid the company the owner will rarely hear from them again. These are just a few of the warning signs which will help keep owners from being defrauded by these criminals. When trying to sell your timeshare remember the old saying “if it sounds to good to be true, it probably is”, this will keep many owners out of trouble.
If you are an owner who is interested in selling your timeshare with a reputable company please visit the following page to learn more about advertising your timeshare with Vacation Timeshare Rentals.
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