Tag

Timeshares

All articles tagged with #timeshares

"Mexican Cartel Exploits Timeshares, Robbing Retirees of Millions"
crime1 year ago

"Mexican Cartel Exploits Timeshares, Robbing Retirees of Millions"

The Jalisco New Generation cartel in Mexico has expanded its criminal activities to target seniors and their timeshares, running call centers that offer to buy retirees' vacation properties and then emptying their victims' bank accounts. The cartel's scheme has netted them hundreds of millions of dollars over the past decade, with employees posing as sales representatives and persuading victims to wire large amounts of money to Mexico. The cartel even bribes employees at Mexican resorts to obtain guest information. The scam represents the latest evolution of the cartel, which is entrenched in both illegal and legal sectors of the economy, and has resulted in the deaths of employees who worked at a call center owned by the cartel.

John Oliver Exposes Timeshare Industry's Deceptive Tactics
business2 years ago

John Oliver Exposes Timeshare Industry's Deceptive Tactics

John Oliver exposes the $8.1bn predatory industry of timeshares and the equally troublesome industry of helping people escape them. Timeshare ownership has risen in recent years, with nearly 10m households in the US owning one or more type of timeshare. Timeshare companies aggressively sell their products, often lying about everything from the ease of making reservations to the total cost of the timeshare. The upfront cost for an annual timeshare can average about $24,140, not including annual maintenance fees in the thousands of dollars and pressure to upgrade for more money. The secondary industry of allegedly getting people out of timeshares has also sprung up, but these "timeshare exit companies" are often scams.