A warning to UK timeshare owners who are contacted by Barclays Sterling LTD and CAS Consumer Arbitration Services: People have alerted the police about these unscrupulous companies. Neither company is registered at Companies House. Barclays Sterling LTD is reportedly calling timeshare owners and telling owners they have buyers for their weeks and points. After the [...]
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A 55-year old man in Oxfordshire, England, has been arrested for alleged conspiracy to defraud. The two-month long police investigation, composed of Thames Valley police, Trading Standards officers, and Spanish authorities, was started by a customer complaint about a company offering timeshare sales for an upfront fee of £1,000. With all the unscrupulous characters out [...]
If you are no longer using your timeshare and you do not want to pay the annual fees for it anymore, rationally, you should get rid of it right? But emotionally, you just cannot get yourself to dump it at a loss. That is a mentality that has been proven by studies to be prevalent [...]
The Hawaiian timeshare industry just keeps getting bigger, with over 4,000 units in the process of being built according to an American Resort Development Association survey. Timeshare companies in Hawaii have spent $138.7 million in 2009 and will end up spending more than $60 million in 2010. The American Resort Development Association obtained the information [...]
The FTC and Oregon Attorney General John Kroger warn Americans to be careful of too-good-to-be-true offers to sell their timeshare properties. People are being defrauded by fake companies with legitimate-sounding names like “International Timeshare Consolidators (ITC)” that offer services to resell their timeshare. Timeshare owners are charged for supposed taxes and administrative fees, and before [...]
The United States Department of Labor has recovered over $800,000 in back wages for employees of Central Florida Investments, a Florida timeshare company. The investigation was conducted by the department’s Wage and Hour Division. Employees who scheduled tours of timeshare properties were paid under the minimum wage and overtime work was calculated incorrectly. The company [...]