A 37 year old man from Orlando, Florida stands accused of running a nationwide, fraudulent Timeshare scheme from his apartment.
David Jolly has been charged with swindling nearly $90,000. Victims say they thought he was selling their Timeshares, but it was all an elaborate hoax.
Jolly is currently being held in jail, as he could not afford the $60,000 bail bond to be released until his hearing. In the US, when a defendant is arrested and charged, a court will set a dollar amount, known as a bail bond. This is required so as to prevent criminals fleeing before they can face trial.
Investigators is the case say they have found 13 of his victims, but actually believe there may be as many as 24. Prosecutors believe Jolly posed as a legitimate real estate agent, but, in fact, an investigation uncovered 35 deposits from 24 individuals into his account, totalling $88,350.51.
Jolly claimed he was selling his victims Timeshares for them, promising returns which are simply unachievable in the current Timeshare re-sale market.
Michael Wolbert from New Jersey was one of his victims. He purchased a Timeshare in Kissimmee, Florida in 2001, but later decided to sell it. He received a call from Jolly in 2015. “He was on Better Business Bureau with an A+ rating, so it seemed legit to me at the time”. Wolbert deposited $6,663.00 into Jolly’s account for the services before he realised it was a hoax. “I could have paid off bills, I also could’ve went on vacations I haven’t been able to go on. I mean I got a grandchild and a kid in college”.
Another victim is an 81 year old from Wyomissing, Pennsylvania. He stated that, in August 2015, he received a phone call from a subject identifying himself as Nick Felton. Investigators say this was actually David Jolly who offered to buy the 81 year old’s Timeshare for $24,000, but before he could purchase it, the victim would need to send him a payment of $13,514 for closing fees. Once the Victim received the fake ‘Timeshare Sale Agreement’ contract in the post, he transferred the amount to Jolly.
Investigators with the U.S Postal Service and Orange County Sheriff’s office tracked the transactions which led to Jolly’s arrest. Last week, he was finally arrested and charged with 2 felonies.
People who enter into Timeshare agreements often find it difficult to keep up with the mounting maintenance fees and simply cannot afford it any longer. They may also find that the Timeshare no longer suits their needs and simply want to end the contract. There are too many individuals who are willing to take advantage of Timeshare owners and offer fake products, along with Timeshare exit schemes. Before agreeing to any Timeshare termination or exit procedure with an individual or company, seek independent advise and fully research any company you are thinking of working with.
It is also important to remember that purchasing a Timeshare should NEVER be viewed as a financial investment. Timeshare is an investment in lifestyle, in future holidays and family time together. There is almost no resale value to a Timeshare.
The mis-selling of holiday products is, unfortunately, common practice within the holiday industry and these type of crimes often go unreported by the most vulnerable in our society and criminal convictions are few and far between.
If you have purchased a Lifestyle / Concierge Service, a Timeshare or a ‘Holiday Points’ based product from a resort or company and feel unhappy with the service, or feel you have been mis-sold this product, please get in touch with us to discuss how we may be able to help you with a possible Money Back Claim.