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Mexico Timeshare FRAUD: July 11, 2015

scam warning >> INTERNATIONAL TIMESHARE NEWS

EVERYWHERE: If you have been approached by someone (anyone) about selling or renting your Mexican timeshare; if you are told there is already a buyer lined up; if they tell you the buyer is willing to pay you as much as or more than you originally paid for your timeshare; if there are at least two entities involved (usually a real estate company paired with an escrow company, both of which will be bogus); if you are presented with a series of authentic-looking documents (they are forged!); if you are assured there are no upfront fees;

RUN!

  • It does not matter what the names of the companies are
  • It does not matter what the names of the people are
  • It does not matter how authentic the documents they provide look
  • It does not matter how many alleged legal, banking or government officials communicate with you
  • It does not matter how desperately you want what they tell you to be true

You know that old saying, “The players change but the game remains the same”? Apply that here.

IT’S ALL A BIG FAT LIE! IT’S A SCAM!

And if you’ve been approached by some Mexican entity telling lucky you that some branch of the Mexican government has some type of fund (or is establishing one) to recompense you for being scammed by some timeshare-related entity and a boatload of money is waiting for you in a bank account — and especially if you see the word

SUBPROCURADURIA

attached to it, be aware that you are about to become a victim of a recovery/refund scam.

THERE IS NO FUND, IT’S ALL A LIE!

And here, below the squiggly doodah, you will find the names and details of yet another slate of scammers to avoid.
squiggly line

Eaglets Realty. Since I ran across your blog on Mexican Timeshare Scams, I have lost countless hours of sleep wondering if I have or am being scammed. Since being contacted the first part of April by Home Choice Realty wanting to know if I’d be interested in selling my Time Share in Mazatlan, MX.

I was sent a proposal offer of $24,385 USD which by the way is twice what I paid for it in 2004.

I was assured that no up front money would be asked for and that the Buyer would pay all expenses including 8% Commission and any other expenses that might arise such as Mexican Tax (Sec of Tourism, Mexico) Bank fees, (Exlectronic Wires, etc.)

I contacted an attorney whom I was told was versed in Mexican Laws and for $385.00 he came back with the opinion that everything looked on the up and up. Based on that, I replied to Home Choice Realty an acceptance of their offer. Now comes Eaglets Realty with the Sales Agreement with Sam Blasco as the Legal Representative of Eaglets and Jose David Coppel as the Vacations Dreams Buyer with a paragraph stating “Due to the increasing amount of Timeshare fraud, Seller will not bear any expenses. All fees hereby mentioned are Buyer’s responsibilities to come through the Escrow Company.”

I sent everything back to Eaglets including “Electronic Routing” information. On June 9, received communique from the Secretaria de Tourism stating that the sale and transfer could not go through because PROFECO has to execute any legal obligations and we could handle it in one of two ways: Option 1. Go down to Mexico to file for the Certificate of Release (which could take up to 15 days) or, Option 2. Hire legal representation there in the Secretaria de Tourism at 10% of the Total Sales Price which covers all Notary fees, Translation of all Documentation, and Honorary fees for the Lawyer.

Eaglets responded with a Notorized document stating that the Buyer will take care of that and has deposited $2,438 USD in Escrow (copy of the check drawn on BANAMX for both the price of the sale ($24,385 USD) and($2,438 USD) for the above mentioned fees. I wired $2,438 to BANAMEXthat same day and was assured the $26,823 USD would be wired immediately. And apparently it was and it had to go through an intermediary bank and that was GP Financial in NY. In the meantime I had contacted GP Financial and changed my Electronic Routing from my Credit Union to my Wells Fargo Bank account. This apparently caused some trouble and the wire from BANAMEX found it way back to Mexico.

On June 19, received another comunique from Sec of Tourism stating that because I changed the routing after the wire left Mexico, there would be a charge of $5,375.40 which is about 19 1/2%of the now $26,823. USD. Again, it was covered by the Buyer and $5,375 was added to total making it now $32,198 USD.

On June 25, received another communique from, yep, Sec of Tourism stating that my bank had not supplied documentation that they had requested and in order to get this squared away (not their words) I would have to send them $1,935 USD. Which I did reluctantly but the buyer covered it with an additional $1,935 into Escrow.

On June 29, received e-mail from BANAMEX stating that because the time limitations on the wire trasnsfer had expired, the funds in my account at BANAMEX had gained interest in the amount of $10,256.13 and my total balance was now $44,443.25 USD and I had a pending fee of $2,222.00 USD that must be paid and once it is paid “there will be no more holds on my transaction and the wire will go directly to my account” and they recommend that I request a check from them instead of trying to wire the money because of the many times trying to send it by wire.

And this last communique was signed by Adriana Angulo, Geremte de Transaciones internacionales, Insurgentes Sur 800 Col. Del Valle, Delegacion Benito Juarez, CP 03100 etc.

Just this morning I received a phone call from them (BANAMEX) wanting to know what they should do with the account that now has $44,443.25 USD sitting at their bank. I immediately called Eaglets thinking they’ve already closed shop and disconnected all the phones, and much to my Surprise spoke to Blasco and he was surprised I hadn’t taken care of it and that he would call me back in 10 or 15 mins.

That was almost 5 hours ago.

There, you have the saga of the lastest episode of my dealings with Mexican Timeshare Sale. So, what do you make of this?

Didn’t mean for this to be so long, but I couldn’t stop once I got started.

I’d like your response when you can spare the time. Thanks for everything,

That kind of email is heartbreaking, because there is nothing I can do for the writer except to confirm their worst fears. Yes, they are victims of a scam. Everything they were told was a lie and they will never get that money back.

Here’s what they CAN do:

►►► CLICK ON THIS LINK TO SEE ALL OF THE POSTS IN THIS BLOG ABOUT MEXICO’S TIMESHARE RESALE/ESCROW/BANK WIRE SCAMS!

CLICK ON THIS LINK TO SEE IN DETAIL HOW THE TELEMARKETING BOILER ROOMS IN THE PUERTO VALLARTA AREA OPERATE PLUS THE REAL NAMES OF SOME OF THE SCAMMERS!

CLICK ON THIS LINK TO LEARN HOW TO RECOGNIZE IF YOU’VE BEEN TARGETED IN A RECOVERY/REFUND SCAM ◄◄◄

►►► Keep in mind that operating a scam from within a foreign country does not make anyone safe from the long arm of the law in the USA or elsewhere. For example:

A 21-year-old Florida woman who said she dropped out of school in ninth grade admitted Monday that she defrauded about $800,000 from unsuspecting investors.

Using the stolen identity of a Credit Suisse bank official, a UPS mail drop in Fort Lauderdale and her experience as a timeshare saleswoman, Amy Brook Wilkerson admitted running the scam while living overseas in Turkey and Georgia.
See the rest at http://www.sun-sentinel.com/news/crime/fl-fraud-broward-credit-suisse-20150112-story.html

But to reach that point authorities must have serious documentation that some kind of crime has indeed been committed. So take whatever evidence you may have, make your case to the proper authorities and make sure you explain that others across the country (and internationally) are doing this, too, that the scheme affects many people from all over to the tune of millions of dollars. ◄◄◄

What you need to do if you are a victim of a scam is contact the authorities:

  • Your local police; There’s little they can do, but it does provide an official record
  • your state attorney general’s office; Make sure to mention it is an international, multi-state scam so they can coordinate with other attorneys general
  • the FBI via IC3 (a partnership between the FBI and the National White Collar Crime Center. The IC3 not only collects complaints but also analyzes them, links similar complaints, and discerns patterns in order to help law enforcement identify the scammers);
  • the US  Marshals Service;
  • Interpol – United States Central Bureau; Interpol’s databases help law enforcement see the big picture of international crime. While other agencies have their own extensive crime databases, the information rarely extends beyond one nation’s borders. Interpol can track criminals and crime trends around the world. They maintain collections of fingerprints and face photos, lists of wanted persons, DNA samples and travel documents. Their lost and stolen travel document database alone contains more than 12 million records. They also analyze all these data and release information on crime trends to the member countries.
  • the Department of Justice – Office of International Affairs; and anyone else you can think of.

It isn’t likely to help you get any of your funds back, but eventually it might help obtain some sort of justice in shutting them down/getting some of them arrested. Keep in mind that many of the scammers are US Citizens, Canadians and Brits; they can all be prosecuted (including Mexicans) if enough evidence is collected by authorities and if they can then be located and arrested.

And if you still think that maybe your case is different and might be for reals, send me the details BEFORE you wire any funds to Mexico (or anywhere else) and I’ll check it out for you. Email gatekeeper@insidethegate.com



“If you haven’t got anything nice to say about anybody, come sit next to me.” –Alice Roosevelt Longworth

Do you have tips or rumors you’d like to share (ANONYMOUSLY)? Something you’d like us to investigate or follow up on? CONTACT: gatekeeper@insidethegate.com



Permanent link to this article: https://www.insidethegate.com/gatehouse/2015/07/mexico-timeshare-fraud-july-11-2015/

4 comments

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  1. weezie

    Whatever you do, don’t get conned by anyone who approaches you to sell your Timeshare. Just read this whole blog. You will find several of us who have been approached, some have fallen and lost, others like us were a close call to falling. It’s the lure of the money that has people like you and me hooked. DONT DO IT. Hang up or tell them you are not interested. Better still write the editor to this blog and he will tell you, if you don’t believe the rest of us on this site. Hold on to your money, don’t give it away. PLEASE listen to your inner thoughts, why would someone want to pay you an exorbident amount of money when they can go directly to the property,allotment of Timeshares from different locations. It’s simply ridiculous. I have spoken, I hope you heard me.




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  2. Laughingjackal

    I too have been approached with the same offer. There are a few things that don;t add up. Does anyone have any information regarding the above?




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  3. Shannon

    Sorry I forgot to include my screen name.




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  4. Anonymous

    I have been approached by RBI Realty from Tennessee whom is representing the Coppel family who own the pueblo bonito resorts in Los cabo san Lucas They are purchasing a majority share of condos and offered me 2.5 times what I paid for it eight years ago.

    I received the exclusive sales agreement from Realty Assets, inc and the buyer is Vacation Dreams, Jose David Coppel. I came upon your email and had to write. Did you loose your timeshare interest involving your self in your scam? Please let me know. Thanks




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