John Robert Eddy, 29; Cloyd James Holmes, Jr., 50; Gino Christopher Marquez, 31; and Donald Meyers, 43 were indicted on a charge of conspiracy to commit wire fraud and mail fraud.
Prosecutors say that the men were telemarketers working for Creative Vacation Solutions and Universal Marketing Solutions, companies that falsely claimed to have interested buyers for timeshares.
More than 22,000 victims in the United States and Canada paid fees of up to several thousand dollars in “closing costs and related expenses” before finding out that it was a scam, prosecutors said.
The company sold no timeshares and spent nothing to try and sell them, prosecutors said.
Ten others have been charged in connection with the case, prosecutors said.
W5 in Canada did a story called "Paradise Lost" which exposes three travel clubs in Ontario who were charged with fraud yet were able to continue operating under different names. When will the government step up and put an end to this?
ReplyDeletehttp://watch.ctv.ca/news/w5/paradise-lost/#clip644033
Bet you are talking about Wild Rose / Royal Canadian Travel Store. They get away with it in the US by using the LLC laws. Change the name and keep selling until it gets too hot, then change it again.
ReplyDeleteIt's sad they can get away with it but these clubs operate years this way.