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Mexico Timeshare News: April 29, 2017

happyhourgatehouse >> INTERNATIONAL TIMESHARE NEWS

EVERYWHERE: I have to catch you all up on the names of a few resale scam outfits that are currently operating out of boiler rooms in Mexico. Sigh. I have researched these and can give you further details if you want to email me about them. Meanwhile, I’ll keep the list short.

First Brokers, Inc., supposedly out of Birmingham, AL, working in concert with Global Federal Trust in St. Louis, MO. Note that neither Alabama nor Missouri has a record of those businesses, respectively. They do not legally exist. They are fake companies.

Consejo Mexicano de Normas informacion Financieras A.C. (MEXICAN COUNCIL OF FINANCIAL INFORMATION STANDARDS, AC), a legitimate organization, is having its brand used by scammers as part of a refund/recovery scam. It’s a case of identity theft. If you are approached by someone claiming an association with that organization (or anyone regardless of name) in order to help you recover money you previously lost in some sort of “scam”, be aware that this is itself a very common scam.

Said my informant, “A few days ago my parents got a call from some guys stating they work in a law firm that will help them to recover money they lost in a timeshare fraud last year with a company named Arrow, I know they are a scam because I follow your blog I just want to give you this information hope you can post it in your blog so other be aware of the new name that the scammers are using.”

And when his parents refused to bite, the scammers threatened them thusly: “…now they are accusing my parents of money laundering and organized crime, i must said they are committed to the con, they have watch one too many law and order reruns … my mom got scared for a moment.”

Rocky Mountain Holdings, allegedly in Colorado and working with National Federal Holdings, an alleged escrow company in Texas. Those two are really parts of the same scam, just using different names, and they are running a classic resale scam so precise in its structure that it could be taught in classes as a perfect example.

If you think you might be the victim of resale or recovery fraud, check out these two pages to learn how such scams operate. Once you learn that you’ll never be fooled again. And bookmark them in case you need a refresher later on.

Resale Scams (Mexican and otherwise)

Refund/Recovery Scams

Knowledge is power!



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

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Permanent link to this article: http://www.insidethegate.com/gatehouse/2017/04/mexico-timeshare-news-april-29-2017/

21 comments

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  1. Lori A

    I have recently been contacted by International Real Estate Solutions, Inc. saying that some organization is looking to liquidate multiple time shares. Then a company called West United Services LLC is going to handle the escrow part of it. I asked several questions about the sales agreement and asked for their response to be in email. They were “so busy” but they would get back to me soon. Here’s what was included: “the wire transfer instructions will guide you on how to submit the payment with your bank to file for an RFC TAX ID directly with the Ministry of Foreign Affairs and the Secretary of Economy”
    My time share is in Mexico. I think i’ll be saying no thank you and holding on to my time share after reading all these posts!




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    1. Lee Murray

      I have been in Contact with International real estate as well. If a scam it seems very elaborate but it does sound similar to others.I have been working with Charles Miller, senior broker there. The story is They are representing a large investor who is buying 150 timeshares at hacienda tres rios. Because of loopholes in the tax code due to NAFTA, this investor will somehow be able to resell the timeshares and make a fortune and also get his profit tax free. I am sceptical and have been proceeding with caution. They have a bank account in my name with 48,000.00 us dollars in a citibanamex branch in Mexico city. I have called there and spoken with 2 different people. seems legit.I have contacted The escrow company, West united services, and spoken to 2 different people. seems legit. I have had my attorney look over the contract and he found it to be a standard contract. He advised me to contact the Secretary of state of Illinois. They found the company in good standing and Charles miller in good standing. The only money I have to put up front is to pay the RFC fee of 4000.00 to the escrow company prior to the closing. If this is a scam they are really good at details. Please advise if anyone has actually been involved/ scammed by this group…Thanks, Lee




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  2. Merridee

    Hello – So glad to have come across this thread. We to have been contacted by this group, and I pretty much did the due-diligence Tom (above) did and thought the exact same thing about all three websites, everything on the sites including the people are stock images which is HUGE red flag. Even the Corporativo de Inversionistas website is stock.

    Gloria – send me the address in San Ysidro that is about 15 minutes from our home and is on the border of Tijuana in San Diego. I would love to drive by and see where they are asking you to send your brother-in-laws title!




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    1. gloria soria

      Francisco Vazquez
      Pueblo Bonito
      511 E. San Ysidro Blvd. C 570
      San Ysidro, CA 92173
      619 704 9590




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      1. Merridee

        We were just thinking last night if Pueblo Bonito is setting this up to buy back their own timeshares then re-sell them because they have no inventory left to sell in Cabo.
        Not sure why they would need to engage in all of this (3rd party) though except if there is some benefit to them like avoiding taxes in MX or something.




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        1. gloria soria

          When I received this email asking about transfer the membership and send $ 500.oo to the buyer with name totally different to the initial proposal, I called Pueblo Bonito In Mexico los Cabos, I spoke with person in charge our account , I gave him the email address from where I received the information and they told me that this address is fake , their official address and they have office in San Diego. Probably you will see if the address is real and belongs to them or what is it? This happened on May 4, after this next day I received a call from the tourism secretary of Mexico. Why this office from goverment needs to call us?




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          1. Merridee

            The office for Pueblo Bonito is in La Jolla (San Diego). Pueblo Bonito may have called the Tourism secretary office to report a possible scam and they may wish to speak with you for more information on who approached you.




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          2. Merridee

            Check this thread out from this site in 2015!!!
            Same game different players.

            http://www.insidethegate.com/gatehouse/2015/07/mexico-timeshare-fraud-july-18-2015/




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  3. John Hampton

    I too was contacted by a Michael Ortiz of All American Real Estate in Clackamas Oregon. He said he had an immediate buyer for my Royal Holiday club membership for more than double what we paid. I was suspicious, but was willing to look at the contract and after reviewing it and also investigating the company which seemed legit, I sign it and sent it back after confirming that there would be no up front fees required of me before closing. I was assured that any fees would be paid buy the buyer. Ten days later I was contacted by the escrow company and the agent, one Nina Law from American International Investment Group, stating that I had to register with the Mexican government as a foreign investor and needed to wire transfer $3450 to Scotia Bank in Guadalajara, Mexico. I of course would be reimbursed for this registration fee at closing. I immediately e-mailed both Michael Ortiz and Nina Law and withdrew from the transaction and then filed complaints with Both the FTC and the Oregon Attorney Generals office. I reminded Mr. Ortiz that I am on the National do not call list and any further contact would be reported to same. All I hear now is crickets. Everything looked good and very professional, until the request for the wire transfer, and then I knew it was a scam.John




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  4. Bridget

    I am in the process of investigating a possible scam. We were contacted by a company called Decolar. It is a real travel company HQ in Brazil with offices in Mexico and around the world. They offered about what we paid for the timeshare. I said I was interested so they sent me papers to fill out from a realty company in Minnesota. There was no commitment and no transfer of papers. A couple of days later I was contacted by the “sales dept” of Decolar. Yes, I was still interested. A day or so later I was contacted by the office of a lawyer in San Antonio, TX. The lawyer is a real person (although the person I spoke to could be anyone anywhere) and is registered member in good standing with the Texas Bar. They said they were establishing an escrow fund in my name. We sent our bank information for the wire transfer. They told me that the resort had refused to sign off on the sale and the sale had been forwarded to PROFECO (consumer protection commission) which had investigated and had ruled that the resort couldn’t stop the transfer. They sent me all the paperwork and I waited. THEN the person who is calling herself the lawyer called to tell me that PROFECO required a 10% fee for the ruling. She also said that although she had a check in hand for the fee from Decolar, PROFECO would only accept a wire transfer directly from me.

    This is when I got really suspicious. I happen to be a legal research librarian and this became a project. I read Spanish.

    They sent me a scan of the 2 checks. Scotia bank in Mexico DF, all real and legal. But, the people who said they were from PROFECO had a link to “further information” which took me to the Univerisity of Guadalajara’s payment account sheets. The wire transfer was supposed to be sent to a real estate company in Mexico – no mention of the government agency. The 800 phone number comes up as belonging to somebody unrelated in the US. And final clue was that the email address doesn’t have “gob.mx” extension that all Mexican government organizations will use.

    Checks in escrow that are not controlled by MY lawyer are valueless in such a case. Wire transfers to Mexico are very suspect. Mexican Federal agencies asking for that kind of payment are non-existent (bribes yes, but 10% payments?) I have 2 more phone calls to make – to the resort management itself and to the telephone number that is listed for the lawyer on her Texas bar listing (not the same as the numbers I have been getting calls from). If she is really involved I will report her, if not she needs to be warned.

    I’ll let you know what I find out.




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  5. gloria soria

    I am sorry for mistakes.




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  6. Tom

    I was also contacted out of the blue by a George Reyes from 1st Realty in Connecticut. He provided the same exact information. They offered 2-3 times what our unit at Pueblo Bonito Sunset Beach was worth. They had D&C LLC contact us with a contract from the buyer, Carlos Garza representing Coporativo de Inversionistas, that looks very official. D&C LLC provided a corporate license # and a link to check the legitimacy of the company. I also looked up Thomas Sommer, the Legal Representative from D&C LLC and he also came up listed under a SEARCH FOR LICENSEE BY PROFESSION:Real Estate Limited Liability Firm. The link is https://www.idfpr.com/licenselookup/results.asp?TYPE=NAME&checkbox=on&finit=&lnme=d&pro_cde=0481&rowcount=200&page=1&initial=

    However, when I looked at D&C LLC website, the format of the website, including the pictures of the staff, is the same as 1st Realty’s website. It all smells of a sophisticated scam; however, I must admit that it is really well designed.




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  7. gloria soria

    This is happened now here In Usa My Brother in law was contacted by First Real estate From Boston , offering to buy the membership he has in Pueblo Bonito At Sunset Beach, for amount probably 3 times more than the debt he has on it . This membership was buy on november last year and just start to pay on April 2017.
    Still he is in negotiations , send the liquidation agreement signed to a D & C LLC scrow company in Chicago ,that looks real . For me the scam arose yesterday when we received an email from someone whos name is Francisco Vasquez with the Address in in San Ysidro Ca. Not San Isidro,, the same I was reading recently from one of your articles in 2015, asking to send the membership certificate ( the original) signed and $ 500.oo as a transfer fee. I was the person who call to Vasquez , regarding discrepancies with the first buyer ( Corporativo de Inversionistas) represented by Carlos Garza and the new member showed in the email we received. At this point that they are alert because the way I aproached him and everything will finish without major consecuencies , who Knows ? We are aware also.




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    1. John

      Hello Gloria. I was recently contacted by Carlos Garza representing Coporativo de Inversionistas who is a buyer working with a company called D&C Illinois in Chicago seeking to purchase my timeshare at Pueblo Bonita Sunset. Can you tell me if you determined if your contact with Carlos Garza was affirmed as a scam? Did you sell your timeshare? Or did you cease doing business with him and/or company he is representing?




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      1. gloria soria

        For me and my brother i Law this is a very well organized scam. Still they are calling us and asking us to be aware that we are goint to receive the paper work by mail to sign the transfer of the membership. My brother was very clear with the people by phone and let them know that as soon the money will be deposite into his checking account, he will sign it. otherwise , forget it. Still waiting to see the money.




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        1. Shawna Downey

          Hello Gloria,

          I am in a similar situation with D&C Illinois. I am very concerned this is a scam. I was told I have to pay 4300 to get the certificate of ownership. which I did and now I’m told I have to pay more then 10K for capital gains before I even actually sell this… the forms and letters look very real but I can’t verify anything since I don’t speak Spanish.

          D&C Illinois sent me a letter saying they we reimburse me if the transaction does not complete. still don’t trust this.

          Did your brother have to pay anything or is he being hit with capital gains




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          1. John Hampton

            Shawna,

            Don’t pay them anything else. You are being scammed and you will not see any money nor will your $4300 be returned. There will not be a sale as the company is fake and does not exist. Contact your state attorney general’s office and file a complaint. Don’t continue to be a victim and go on the offensive with these people. Once you stop paying them and call them on the scam, they will disappear. I am sorry you have already paid them money, just don’t continue to do so in the hope that the deal is legitimate.




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          2. gloria soria

            Nobody payed anything But still today I received a call from Mr Reyes ( twice during the last 3 weeks)asking me to call him to his direct numbers.




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          3. Merridee

            Shawn, THIS IS A SCAM. Do not give them any money.




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    2. Merridee

      Hello – So glad to have come across this thread. We to have been contacted by this group, and I pretty much did the due-diligence Tom (above) did and thought the exact same thing about all three websites, everything on the sites including the people are stock images which is HUGE red flag. Even the Corporativo de Inversionistas website is stock.

      Gloria – send me the address in San Ysidro that is about 15 minutes from our home and is on the border of Tijuana in San Diego. I would love to drive by and see where they are asking you to send your brother-in-laws title!




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      1. gloria soria

        Pueblo Bonito
        511 E. San Ysidro Blvd. C 570
        San Ysidro, CA 92173
        619 704 9590




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