No Luck for mother who bought RCI Pts.

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A Client had a timeshare with RCI for years with a fixed week in the Poconos in PA. When she passed away a couple of years ago we found the paperwork. My mom had no interest and was going to call them and tell them they could have it. She mentioned it to me and eventually I was able to get ahold of a local rep who totally schmoozed me into believing this is fantastic. Long and the short of it… I transferred the account to a points account ($2000.00) and was told I could use it at any Wyndham hotels and all of the places listed on the website. Turns out there is a lot you can do on the RCI website but very little of it allows you to use points. So here I am paying two timeshares (oh yea icing on the cake the sales rep “gave me… for free” a 2nd timeshare that had just been foreclosed on so now I have to pay two annual fees and get twice the points that I can’t use.)

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Asset Recovery Solutions Rogue Company

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They are all coming out of the woodwork this week! Further to reporting on the resale company Pana Travel yesterday, we have also been notified of another scam that is being operated out of the UK. This company is playing off the back of the recent claims that have been awarded in Spanish Courts to ITRA in regard to contracts purchased in perpetuity and with floating weeks. We have reported on several consumer wins over the past few months in relation to these cases.

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Have Bad Investment Decisions Eroded Your Savings

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You are not alone? Doing nothing about it may not be the best option. 80% of financially injured victims suffer in silence. The rest 20% act to seek legal restitution.
Create A Crowd & Learn About Your Rights For A Refund At Our Cost – If you belong to the 20% – We Would Like To Hear From You!

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Scammers jailed for £3m land banking fraud that tricked hundreds across the country

FIVE people have been jailed for a combined total of 29 years for being part of a £3m land banking fraud which scammed more than 300 victims from across the country.

Land banking fraud involves investors being contacted with cold calls, mail shots, brochures or websites and encouraged to purchase plots of land in the belief they are investing in land that will significantly increase in value.

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Investors left in the lurch as diamond firm Asia Fine Diamonds folds up

Owner of firm, which promises 30% returns, goes missing; staff not paid for two months

Along with other customers of Asia Fine Diamonds (AFD), Mr Stephen Yeo learnt the hard way that diamonds are not his best friend after his investment in rare coloured diamonds went awry.

Last December, Mr Yeo, 55, who works in the medical sector, invested $17,785.12 in a 0.21-carat round cut diamond – described as “fancy intense purplish pink” – from AFD. He never laid hands on it.

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England Land Banking, Asian Plantations, and now Brazilian Eco Housing

Im not familiar enough with Brazil to bring much added value to this but it does appear that over the last 24 months there has been a spate of Brazilian land and housing investments offering silly returns like 20% a year which have gone bad much like spanish housing investments a few years ago.

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RCI Class Action Lawsuit is Upon Us

As we reported back in October, there are a group of 487 Claimants that believe they have suffered in the holiday exchange program sold to them by RCI Europe.  These claimants believe that they were not delivered the exchanges that they were promised in the presentations or the lovely colourful holiday brochures at the time of purchase.  These showed a multitude of accommodations that the buyer could interchange with the property that they had invested in, to a similar standard and value.

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ITRA WARNS OF FRAUD ALERT

ATTENTION: all ITRA clients’ current, pending and potential. Please be aware that ITRA has discovered a fraudulent operator claiming to be an ITRA agent.

This scammer seems to have illegally sourced and copied ITRA claim documents. Allegedly, this operator is selling the claim to victims of financial fraud by charging up front fees in order for ITRA to claim less percentage upon successful judgment.

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