TIMESHARE SCAM – Seniors targeted in Telemarketing Fraud

A website based in America has written a post concerning a Telemarketing Timeshare Scam by an Orlando resident.

Mr Daniel Boyar, a resident of Orlando, Florida has pleaded guilty for his part in defrauding over 1,000 victims via a telemarketing scheme, a scheme which saw many victims in their elderly years handing over more than $3.3 million.
The report showed that Mr Boyar pleaded guilty to one count of conspiracy to commit mail fraud and wire fraud; two counts of mail fraud; and, two counts of wire fraud. United States District Judge James C. Mahan accepted his guilty plea. Sentencing is scheduled for May 22, 2018. Mr Boyar faces restitution in an amount not to exceed $3.5 million along with a possible prison sentence.

According to information given during his plea, Mr Boyar advised how he participated in a telemarketing scheme where timeshare owners pay upfront for a service. They were promised that their timeshares would be sold in return for the owners paying in advance a portion of the closing costs associated with the potential sale.

Unfortunately, there never were any buyers for the proposed timeshare sales.

The timeshare sales were never organised.

The scam operated under numerous business names including Holiday Advertising, Professional Concepts LLC, TeleTeton Corporation, Redline Funding LLC, Great West Funding Incorporated, Equity Financial Services LLC, and First Capital Financial Services Corporation, it appeared that the name of the business would change approximately every 90 days. Websites were created showing what appeared to be customer testimonials, company officers, and press releases.

The case is being investigated by the FBI.

Clients should be cautious when they are contacted by previously unknown telemarketers offer uninvited services.

If you have been subject to the aforementioned Telemarketing contact in America, or have been subject to a similar scenario in the UK, please contact our friendly team. We will investigate a possible claim for you 0121 516 9600 enquiries@praetorianlegal.com