Holidaymakers
have brought the first High Court case against a timeshare exchange
company, alleging they were victims of an operation that kept them in
the dark and rented out their properties for the company’s profit, writes Jane Croft.
Marriott timeshare sales are racketeering scheme, new lawsuit says
Marriott Vacation Club's timeshare sales are actually an
illegal "racketeering" scheme, a new proposed class-action lawsuit says.
The lawsuit takes aim at Marriott's points program, which replaced traditional sales of timeshare weeks at specific resorts in 2010. According to the suit, Marriott timeshare customers pay fees associated with owning real estate — such as closing costs and recording fees — but don't actually own any real estate.
The lawsuit takes aim at Marriott's points program, which replaced traditional sales of timeshare weeks at specific resorts in 2010. According to the suit, Marriott timeshare customers pay fees associated with owning real estate — such as closing costs and recording fees — but don't actually own any real estate.
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