Las Vegas, NV (February 14, 2018)
-by InsideTheGate.com staff
ouis Joseph Curto III, aka Lou Curto aka Joe Curto, has pleaded guilty to one count of securities fraud, a category “B” felony, for his role in a multi-state timeshare resale scam. The fraudulent acts were committed between January 2013 and December 2015.
Curto operated his scam via a business in Las Vegas by the name of Bluwyn Management, LLC. Through Bluwyn he would solicit owners of unwanted timeshare properties, falsely promising them that he had buyers who would purchase the unwanted timeshares, but first they had to pay upfront taxes and/or fees. Victims ultimately discovered that despite paying thousands of dollars in upfront fees, the timeshares were not sold and the money was never refunded.
Persons named in the indictment as victims of the scam include Keith Iverson, Jacquelyn Christenson, Therese Alt, Kristina Buchanon, and Stephanie Tanner.
“This guilty plea sends a message that those who engage in timeshare resale fraud will be brought to justice,” said Nevada Attorney General Adam Paul Laxalt.
Prior to operating Bluwyn, Curto had a pair of similar resale businesses. In 2009 he registered a company named C & C Timeshare Resale, LLC in St. Pete Beach, FL., with Maia Ciesluk named as a manager. Curto and Ciesluk, two former employees of the notorious Pro Player Timeshare Resale company, set up C & C and according to police reports within months they were receiving complaints from alleged victims. Unfortunately, the police were unable to do anything about it at the time.
That entity was administratively dissolved in 2011 and is now listed by the state of Florida as inactive.
In 2010 Curto formed yet another timeshare resale company called Your Timeshare Guru, registered in Florida and operating in concert with C & C. That business entity was administratively dissolved in Sept. 2012.
Curto brought his business model to Las Vegas in 2011 and incorporated the entity Bluwyn Management, LLC. on July 7, 2011. Its status was revoked in 2015.
Securities fraud is punishable by 12-240 months of imprisonment and a court fine of up to $500,000. The sentencing hearing for Curto is scheduled for June 20, 2018 in the Eighth Judicial District Court.
This case was investigated and prosecuted by the Fraud Unit of the Office of the Nevada Attorney General.
If you believe you have been victim of timeshare resale fraud, you may file a complaint with the attorney general’s office here. Please attach a copy of any contracts or materials received during the transaction.