July 8, 2021
Timeshare Specialists is located in Bozeman Montana. Founder John Kushman talks about how he had his business identity stolen. This prompted His effort to amass a scam database listing over 100 timeshare exit scams that involve wire fraud.
https://timesharespecialists.com/timeshare-scam-database/
By Irene Parker (updated March 25, 2024)
Mexican Cartels sensed timeshare exit opportunities:
On March 2, 2023, OFAC sanctioned eight Mexican companies pursuant to Executive Order (E.O.) 14059. These companies are linked, directly or indirectly, to CJNG’s timeshare fraud activities. On April 27, 2023, OFAC sanctioned seven Mexican individuals, including drug trafficking fugitive Eduardo Pardo Espino, and 19 Mexican companies pursuant to E.O. 14059. These individuals and companies are also linked, directly or indirectly, to CJNG’s timeshare fraud activities.
https://home.treasury.gov/news/press-releases/jy1936
John explains on TIMESHARE TALKS, the history of his scam database and how easy it can be to get scammed. He encourages all of us to spread the word that the next time you get a “We have a buyer for your timeshare!” call, to reach out to add the caller to their list or scams. No honest individual or company would ever call to say they have a buyer for a timeshare. John said 90% of the scams come from Mexico. John's interview:
https://www.youtube.com/watch?v=noGrCF_9EEY
We learned of another business imposter recently when a Canadian banker contacted us after an elderly bank customer said they needed to wire money to the Dominican Republic to sell their timeshare. The banker provided me with the name of the company that asked to have the money wired. I knew that the company is honest and in no way would have required money wired to the Dominican Republic. The scammers had stolen her business identity, and even copied her company's Better Business Bureau report. The agent worked with the BBB to remove the false BBB report. This is one reason why you can’t rely on the BBB.
Our hope is that all can work together to make timeshare a safer and more transparent experience for all. We appreciate John's efforts and also Canadians Earl and Faith for sharing how they fell victim to a Mexico timeshare and exit scam.
Related article:
Earl, Faith, and Raven join John to share their experience.
https://tarda.org/blog/18-exit-companies/191-veterans-scammed-by-an-organized-timeshare-crime-ring