Why is the government doing nothing about timeshare scams?

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A reader poses an interesting question he wanted to share with our readers:

Why is the government doing nothing about timeshare scams?

Time shares are not real estate or investments, they are nothing but empty space.

In addition to my first question, how many time share owners does it take to keep up the maintenance of a two bedroom apartment?

This is outrageous.

If I ever go back to Florida and are approached by a time share salesman I will sit next to the salesman and take my sweet time reading all the pages of... Read the rest of this entry »

Lando Resorts Corporation (Berkley Group)

Below is an account from a Canadian reader whose parents were solicited by Lando Resorts Corporation:

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Lando Resorts CorporationMy parents, who live in Canada, were scammed by Lando Resorts Corporation, who is under the Berkley Group umbrella. In February 2011, they were sold a vacation package over the phone which did not mention that they were required to sit through 8 hrs of deceptive sales methods, which were really high pressure and other forms of fraud. My parents kept refusing to purchase, but were then told that... Read the rest of this entry »

Reef Village Ambergise Caye, Belize Timeshare

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belize timeshareI own in Belize and when I went there this year to use my points to stay they gave me a bill for several thousand dollars as though I were renting. Now that I refuse to pay the bill they will not let me book this years reservation.

The first day I arrived there was no power. The place is now rundown and it's not even done being built yet...but the rust has already cause many things to fall apart no maintenance has been done.

I... Read the rest of this entry »