The leader of a timeshare resale fraud scam which targeted elderly and vulnerable people, has been sentenced to five years in prison and ordered to pay back $3.37 million in damages. The Notorious Florida Based scammer was sentenced to 63 months in Federal prison, for defrauding more than 1,000 victims, many of whom […]
Rise in Mexican Timeshare scams
Wednesday 27th February 2019
Officials in the U.S. are warning timeshare owners, yet again, about another wave of crooks looking to exploit Mexican Timeshare owners.
Scammers are posing as real estate brokers and contacting timeshare owners claiming to have buyers ready to purchase or rent their timeshare. Some victims are reporting that they are being offered up […]
RCI adds 103 new resorts to its Timeshare Exchange Network
Tuesday 26th February 2019
The global leader in vacation exchange properties RCI has added 103 new properties to its already extremely large portfolio. The new affiliations include resorts in Asia, the Caribbean, Europe, India, Latin America and North America.
This year, Shell Vacations Club have also joined the RCI network. Shell Vacations Club is part of Wyndham […]
Lawmakers In U.S. Consider New Timeshare Regulation
Thursday 21st February 2019
Lawmakers in the U.S. have passed new legislation giving people who sign up to timeshare contracts, a 14 day cooling off period. That’s twice as long as currently required.
The new legislation would also allow buyers to receive a 90 percent refund if they do cancel within the 14 day period. In addition, […]
Diamond Resorts In Lawsuit Over Points System
Monday 18th February 2019
A group of Timeshare Owners have filed a joint class action suit against Diamond Resorts. The lawsuit claims that Diamond sold unregistered investment contracts to consumers during high-pressure sales pitches, this is a violation of the U.S. Securities Act of 1993.
The class action is lead by Kaarina Pakka and includes people who […]
Another Successful Claim
Thursday 14th February 2019
Here at Mercantile Claims, we have the pleasure of helping many clients end their nightmare timeshare experiences, we also help them reclaim money for contracts that were mis-sold to them. It is extremely rewarding to be able to help so many clients, who more often than not have been through years of financial […]
Disney Vacation Club Change the membership rules
Thursday 7th February 2019
Disney Vacation Club is arguably the most reputable and sought after timeshare program on the market today. In fact, the Disney timeshare division has become amongst the highest rated in the world and also has the most robust resale markets in the whole of the industry.
However, in 2016, Disney announced they would […]
Marriott International Relaunches Loyalty programmes
Tuesday 5th February 2019
Marriott International has launched its new loyalty programme named ‘Marriott Bonvoy’ which brings together its existing loyalty programmes Marriott Rewards, The Ritz Carlton Rewards and Starwood Preferred Guest.
Marriott International say their new loyalty programme is built on the belief that travel ‘enriches’ all and the world. Marriott Bonvoy will be launched on […]
Timeshare Fraudster Sentenced to 12 Years in Prison
Friday 1st February 2019
Kristopher Chavez has been convicted by jury, of one count of violating the Colorado Organised Crime Control Act, one count of theft of an at-risk elder, and 19 counts of felony theft.
According to the initial indictment from December 2016, Chavez operated a timeshare fraud scheme from 2014 to 2016. He would contact […]
3 Men guilty of million dollar timeshare scam
Wednesday 12th December 2018
Three men from Tampa, in Florida, have pleaded guilty to charges of conspiracy to commit wire fraud and aggravated identity theft for their part in a huge telemarketing scam that cost 40 victims more than $1.5 million. Each face a maximum penalty of 20 years in federal prison and will be sentenced […]