I think, therefore I transfer.

Tuesday, August 24, 2010

Transfer Smart News: McCollum Reaches Settlement against a Timeshare Resale Company

One of the most common scams these days involved conning owners who are trying to get out of their timeshare contracts. Thus, there is an increasing number of complaints filed at Attorney general’s Office every year. Recently, Florida Attorney General Bill McCollum announced that he has reached a $110,000 settlement with a Palm Beach County timeshare business that allegedly engaged in unfair and deceptive trade practices.

The TS Luxury Group and its owner, Mary Filocomo, allegedly offered timeshare resale advertising services to US and Canadian consumers. According to a lawsuit brought against the company, it alleged that it enticed people into using its timeshare resale services by misrepresenting that it had procured interested or actual buyers for the consumers' timeshares.

Just like the common scams that involved resale companies, the TS Luxury Group also allegedly collected upfront fees for its services and issued contracts that were different than what was agreed to orally between consumers and company representatives.

However, a number of victims filed complaints against TS Luxury Group and AG McCollum had already reached its decision. In addition to agreeing to permanently dissolve its operations, the company must also pay any additional claims from consumers who file complaints with the attorney general's office in the next 90 days. On the other hand, Filocomo and the company cooperated fully with McCollum and have already begun reimbursing consumers. Moreover, consumers especially the owners who are trying to get rid of their timeshares have been constantly warned by Attorney General’s office against the unfair resale practices these days.

No comments:

Post a Comment


Travel Blogs - BlogCatalog Blog Directory