The Federal Trade Commission (FTC) has begun mailing thousands of refund checks totaling nearly $2.7 million to consumers who paid an up-front fee to re-sell their unwanted timeshares.
The FTC’s 2016 complaint alleged a Florida company and related defendants bilked at least $15 million from property owners by falsely claiming they had a buyer or renter ready to buy or rent their properties for a specified price.
Read on for more details on the scheme.
TO READ THE FULL STORY
Cover Story: