Monday, November 14, 2011

Scams of the Week: November 14, 2011

Jamaican Lottery Scam - This is one of the scarier scams. They actually want to meet up with the victims. They want their elderly targets to bring money with them to a meeting spot. We're not sure if they change their plans to a wire transfer at the last minute or actually have a confederate located in the area. They are calling from 1-876-864-8217 at the moment, but will likely change that soon.

Wire Transfer Confirmation - This is one of the more clever scams, except for the bad grammar. The scammers send a blast email to as many people as possible, saying that their wire transfer has been put on hold. They will probably contact a few people who have recently wired money. They will then try to get the victim to give personal information and even re-wire the money to a third party.

Realty Executive Escrow - We finally determined the name of the "escrow group" that All City Management claims to use.  All City Management contacts victims and claims that they have a buyer for their timeshares. They recommend using Realty Executive Escrow, which, in reality, is actually the same group of people. IF SOMEONE CALLS YOU AND SAYS THEY HAVE A BUYER LINED UP FOR YOUR TIMESHARE, IT'S A SCAM.



7 comments:

  1. Can you provide some additional info on the timeshare scam? We received one of these letters from All City and spoke to them. I told All City the BBB was saying they were a scam. They mentioned something about a dispute over dues to the BBB? I did not otherwise get any telltale scam signs from the conversation. It's obviously suspicious though to get a letter out of the blue, offering to buy your timeshare. What is the basis of your scam conclusion? Have you received a number of complaints from victims of the scam?

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  2. They are very clever to tell you that we are having a dispute, but the BBB has never spoken to the company. We know it's a scam because it's become increasingly common in the Kansas City area. We are quite familiar with it and how it works. We hand their information over to the authorities and warn people as fast as we can about it. If you go back through our scams of the week, you will see a constant barrage of these types of scams, name changes, fake escrow companies, unverifiable physical addresses, privately registered websites that have never been submitted to search engines--all red flags. We've spoken with people who have lost tens of thousands of dollars on these scams.

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  3. Thank you,for posting this info on the SCAMMERS @ ALL CITY and their Escrow company,they are now threatening us with an collection agency. How do we go about reporting these low life's to the authorities?

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  4. Thank you for posting.
    I'm in the middle of an "approach" right now and was suspicious. I'm in Iowa. It's spreading.

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  5. I was been contacted by All City Management Group in late November and was informed they had a corporate buyer who wanted 50 units and the Mexican Resort where my time share is located. They did not ask for money up front and i was told that once i receive my proceeds they i would owe them the 8% commission on the sale, it all seem very legitimate since not move was asked for up front. A few days latter I received a call from Realty Executive Escrow, the escrow company that is working with All City Management Group, they informed me that the company wishing to buy my timeshare has deposited the funds with them in escrow that that we will be closing in about 3 weeks. A few days before the funds were to transfer I received a call from the escrow company informing me that the country of Mexico will not allow the transfer to take place unless I provide and pay for the Transfer tax of 3% and Income tax of 16%, and in addition there is at 10% commission to the company that will handle the transfer in MX, They said they were not aware that this had to happen up front, but not to worry I would be reimbursed, the total is close to $5000, but I would be reimbursed by the purchaser and those monies have already been deposited in escrow with them. My question was if the company has already deposited the funds, then they should go ahead and pay it, i am sure the Country of MX does not care where the money comes from, if this is a legitimate transaction that does involve me. They said i had to wire the money so that it shows it is coming to me, they gave me wire instructions to a bank in Mexico. I have not been able to verify the existence of an escrow account, they will not provide information. I am now very suspicious if this is even legit. All there communication and websites look ok, but now to ask for funds up front days before this was to close, "I don't think so"!

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  6. I am in exactly the same situation as the previous poster (Jan 3 4:29). I spoke with the Realty Executives Escrow agent - Mike Riley - and asked for some kind of verification or reference, which he apparently is going to email to me. Olivia Atkins at All City Management has been quite pleasant to deal with, but they are apparently closed for the day, so I have been unable to question her regarding the legitimacy of the trasnsaction. I will check this site, and post any further information as it becomaes available.

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  7. Same situation as the rest of you. I unfortunaley already wired the 10%. All was going as promised until 5 days before close when I got the 3% 11% tax required phone call and email. Now that I have started asking a lot of questions about licenses, proof of deposits, references etc..Jonathan Penn at All City Management and Jordan Walters at Realty Executives Escrow have gotten very quite, WIth short terse emails. Realty Executives has gone so far as to send me a Reimbursment form, what a Joke! to get my money that wired into Mexico back....yeah right! - SCAM to to hilt. Avoid at all cost.

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