Timeshare

It’s no secret that many of the world’s largest banks are also some of the most corrupt. But even though these institutions have been under the microscope for years, not one has been held accountable. Many fee time share (sometimes called a “share purchase”) schemes use this to their advantage. The more shares you buy, the more money you can make from your investment — often at your own expense. And because these schemes are so widespread, it’s easy to fall into one if you aren’t very careful. That’s why we’ve developed our free guide on how to spot and avoid fee time share claims. It might seem simple, but knowing whether you should be investing in a fee time share or not can sometimes be difficult. We discuss what to look for and how to proceed if you think you may be getting scammed.

WHAT TO LOOK FOR WHEN YOU SEE A FEE TIME SHARE SCAM?

The first thing you should do is determine if the company presenting themselves as being able to provide you with fee time shares is legitimate. The legitimacy of a company can be determined by looking at a few things such as: – Does the company have a website? – Where are the phone numbers, email, and physical address listed on the website? – Where is the company located? – Are there “phone reps” listed that you can call to get more information or arrange a meeting? – Where are the meeting locations listed? – Are there any other contacts listed such as “senior executives”, “board members”, “founders”, or “legacy clients”?

WHAT TO DO IF YOU THINK YOU’VE BEEN SCAMMED

If you’re not sure whether you’ve been scammed, here are a few things to think about. If you do end up with shares that are misrepresented in some way, it’s important to report it to the SEC ( Securities and Exchange Commission) so that they can take whatever actions they deem necessary. We recommend that you follow these steps: – Contact the company directly. – Ask for proof of who you’re dealing with. – Provide any information requested. – Don’t pay anything yet. – Take care of any questions you have. – Contact us if you need help.

HOW TO AVOID GETTING HACKED AND BOUNCED ON BY FTF SCAMS

One of the biggest red flags in terms of whether or not you should be investing in a fee time share is if the company is engaging in “phishing” or “emailing scams”. These are essentially the same scam but over the phone and via email. If you receive a call or email from someone claiming to be from your brokerage or investment office and you’re not in on the scam right away, you should hang up and call the police. It’s also a good idea to report any suspicious activity to the authorities if you think it might be a scam. The SEC has a helpful list of what to look for when you report a scam.

Fee time shares are a common investment scam and you should be careful when investing in them. Look for companies that are legitimate and have a BBB (Sections 12 and 13) rating. If you’re unsure whether a company is legitimate or not, you should always contact the brokerage or investment office directly. You should also report any suspicious activity to the authorities if you think it could be a scam. Fee time shares can be a great way to make money quick and without much work, but be careful because there are plenty of scammers out there. If you don’t feel comfortable dealing with the scammers or the authorities, please don’t participate in this scam. Have any questions about how to spot and avoid fee time share claims? Feel free to contact us and we’ll be happy to help.