Timeshares, once a symbol of idyllic vacations and shared ownership, have become the unfortunate prey of a sprawling network of criminals seeking to exploit unsuspecting victims. These scams are not your run-of-the-mill fraud; they involve intricate strategies, extensive coordination, and the involvement of illicit actors. Delving into the depths of this murky world, we uncover a labyrinthine web of deception, extortion, and cartel involvement. Brace yourself for an eye-opening journey into the underbelly of timeshare scams.
The genesis of these scams lies in the criminal acquisition of an authentic timeshare owner database. This audacious act involves bribery and the collusion of complicit companies engaged in legitimate timeshare sales. Armed with this illicit information, the scammers set their wheels in motion, executing three primary types of fraud. However, the most prevalent scam revolves around the unsolicited contact of timeshare owners with an enticing offer to purchase their property at two or three times its original cost.