Monday, April 9, 2012

Faulty Timeshare Resale Company Steals Identities in Minnesota

These aren't the only wolves in Minnesota.

A legitimate party planning company in Minnesota has had its good name and website taken over by timeshare resale con artists recently. Events Etc was a completely legitimated company started in 1992 and dissolved in 2011. Months after they went out of business, their name was bought by a group out of Europe who then used their (at the time) good standing with the BBB to get timeshare owners in Mexico to try to resale their timeshares through them. In classic scam fashion, there were no buyers for the timeshares and the money taken in was kept by this group.

The Better Business Bureau was alerted to this company’s shameful procedures soon after they bought the Events Etc name. As always, whenever you want to sell your timeshare, get something in writing like Transfer Smart provides. Never pay anything unless you can get something in writing. Checking the BBB page of a company is always a good idea. This case was an aberration, one where a legitimate company’s name and address were bought and then used for a fraudulent purpose, putting it in a rare category. Usually timeshare companies have no listing on the BBB.

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