Resort Owner’s Coalition Applauds Better Business Bureau of Missouri for Exposing Timeshare Exit Companies’ Fraudulent Practices

The American Resort Development Association ­— Resort Owner’s Coalition (ARDA-ROC), representing over 1.5 million timeshare owners, recommends that owners read the full report that the Better Business Bureau of Eastern & Southwest Missouri & Southern Illinois issued on June 6, 2019, to better understand the unscrupulous and deceptive practices in the timeshare exit industry. The report cites 700 complaints from 46 states and millions of dollars of losses to consumers.

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Timeshare Exit Trap: Better Business Bureau Study of How Some of Southwest Missouri’s Timeshare Relief Operators Victimized Timeshare Owners Across the U.S.

For nearly 50 years, many travelers looking for a more affordable, long-term answer to the high cost of luxury vacation clubs and hotels found it in timeshare ownership. For an upfront cost of a few thousand dollars and a yearly maintenance fee, a family could grab a piece of the American dream – even if for only two or three weeks a year. But, despite its popularity, the timeshare industry has not been without its problems.

Leader of timeshare fraud scheme sentenced in Las Vegas

A federal judge in Las Vegas on Wednesday sentenced a Florida man to 63 months in prison for leading a timeshare scheme that defrauded upward of 1,000 people out of more than $3 million.

Daniel Martin “Wolf” Boyar, 64, of Orlando pleaded guilty in late 2017 to mail and wire fraud charges for his role in organizing a telemarketing scam that lured many “elderly” victims into selling timeshares to phony buyers, according to court documents.

Time’s Up for Florida Operation That Pitched Worthless Timeshare Resale Scheme

Along with being permanently banned from timeshare resale services and telemarketing, the Florida-based operators behind a deceptive timeshare resale scheme have agreed to surrender approximately $3.4 million worth of assets including homes, vehicles, a Rolex watch, silver coins, and a diamond ring to settle the Federal Trade Commission’s charges against them.

The principals behind the operation and their company, Pro Timeshare Resales, LLC, also are prohibited from making a range of misrepresentations during the sale of any other goods or services, are barred from collecting on outstanding customer accounts, and are prohibited from misusing the consumer information they’ve collected.