Bluegreen's Big Cedar Points
If anyone wants to get rid of Big Cedar Points, I know someone who will take them. They may buy but with the high maint fees probably wouldn't be able to pay much. But if you want to get out from under the fees, they will take them. They use Big Cedar but do not try and trade or go anywhere else. Let me know and I will put you in contact with them.
Police: Four arrested in second bust in crackdown on illegal timeshare telemarketing
Police arrested (from left) 19-year-old Dominion Crupi and 26-year-old Michael Malgesini on charges of unlicensed telemarketing and scheme to defraud. Suspected employee 27-year-old Julie Spencer was arrested on an out-of-county warrant involving a misdemeanor traffic violation. Steven Svopa, 23, was charged with driving with a suspended license. (Orlando Police Department / February 3, 2011)
The raid happened in an office building on Hiawassee Boulevard in the MetroWest area. Police say the suite targeted was being used as a so-called "boiler room," where telemarketers cold-called timeshare owners from illegally obtained lists, claiming to have a buyer for their vacation property.
"They were given a hard-sell," said Sgt. Amy Ameye, of the city's economic crimes unit. "They were told, 'If you send money… we will get the paperwork going, we will get your timeshare sold for you ASAP.'"
However, investigators say there were never any buyers. Instead, they say the telemarketers were pocketing up-front fees and offering no service in return.
"Once that money is sent, however it's sent, you never hear from these people again," Ameye said.
The raid happened in an office building on Hiawassee Boulevard in the MetroWest area. Police say the suite targeted was being used as a so-called "boiler room," where telemarketers cold-called timeshare owners from illegally obtained lists, claiming to have a buyer for their vacation property.
"They were given a hard-sell," said Sgt. Amy Ameye, of the city's economic crimes unit. "They were told, 'If you send money… we will get the paperwork going, we will get your timeshare sold for you ASAP.'"
However, investigators say there were never any buyers. Instead, they say the telemarketers were pocketing up-front fees and offering no service in return.
"Once that money is sent, however it's sent, you never hear from these people again," Ameye said.
Silverleaf Resorts being Sold
DALLAS--(BUSINESS WIRE)-- Silverleaf Resorts, Inc. (NASDAQ:SVLF - News), a leader in the development, marketing and operation of timeshare resorts, announced today that it has entered into a definitive agreement to be acquired by SL Resort Holdings Inc., an affiliate of Cerberus Capital Management, L.P. (“Cerberus”).
The transaction has been approved by Silverleaf’s Board of Directors, and the Board will be recommending that Silverleaf’s shareholders approve the transaction. Under the agreement, Silverleaf shareholders will receive, at the closing, $2.50 in cash for each share of Silverleaf common stock they own, representing a premium of approximately 75% based on the closing trading price of $1.43 of Silverleaf common stock on February 3, 2011. Cerberus has agreed to provide equity financing for the full amount of the merger consideration.
Thomas Morris, Executive Vice President – Capital Markets and Strategic Planning of Silverleaf said, “Our Board of Directors and our management team believe that following a review of strategic alternatives this merger transaction is the best approach to maximize shareholder value and is in the best interests of Silverleaf’s shareholders, timeshare owners, and employees. We look forward to working with Cerberus to effect a smooth transition.”
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