The following people and companies are being reported as offering to resell Mexican timeshares. They may or may not be scams. Caveat emptor. Follow the links to learn more.
Icon Brokerage Group. They are reportedly asking owners to wire money to an escrow account in Oregon. This appears to be linked to Associated Escrow Services, Inc.
Liberty Interactive Solutions. According to a comment on the FTC’s blog, a company by this name has obtained up-front payments from the commenter’s family member and are requesting more.
Premium Marketing International LLC. According to a complaint, this company took $2,000 in exchange for a promise to rent and sell a timeshare and never provided those services.
Vacation Privileges. According to this complaint, a group is running a scam similar to the infamous John Monte / Platinum Access Program scam in Puerto Vallarta. According to that complaint, a person bought the Vacation Privileges program in exchange for a promise that a condo elsewhere would be resold. No resale occurred, according to the complaint.
Vacation Connections, LLC and Title Investments LLC. According to two complaints, Vacation Connections and Title Investments are running a classic Mexico timeshare resale fraud.
Craig R. Malton, 35, was sentenced on March 4, 2016, to serve 44 months in federal prison for his role in a timeshare fraud conspiracy and ordered to pay restitution in the amount of $2,843,672.00. He was charged on March 27, 2013, as being part of the Freeman timeshare resale fraud conspiracy and he was arrested two years later when he attempted to enter the United States from Mexico at the Arizona border. Malton was originally a database administrator and programmer for the Freeman conspiracy, but he admitted in a sentencing memorandum that he eventually defrauded timeshare owners as well. As Malton’s lawyer wrote:
Mr. Malton was set up with a desk in the call center area of the office and he began to observe the operation of the company. He observed that a group of employees called Lead Generators would reach out to time share owners to see if they were interested in selling their properties. If the owners were interested in selling, they would be passed over to another smaller group of employees called Closers. The Closer would explain how the process worked to the owner and would begin to collect a series of fees from the owner. The fees were represented to be fully refundable upon the closing of the sale. Mr. Malton observed that the Closers repeatedly reached out to timeshare owners for more and more fees and “taxes.” He also noticed that no purchase of any timeshare ever seemed to close, and no timeshares were being sold by the company. This is when Mr. Malton began to understand that the business was not a legitimate real estate concern, but a fraud.
On February 11, 2016, Malton’s co-defendant Gilbert Brett Freeman was sentenced to 240 months in federal prison and ordered to pay $4,867,553.00. He has filed a notice that he intends to appeal to the Seventh Circuit Court of Appeals.