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Re: Re: Re: Vida Vacations & Grand Mayan lies (by Joan C.):

IP, good job done. The cartel apparently has discovered how they can profit from white collar crime in the T/S industry, so they have set up T/S associated companies. Wire fraud has been around a long time, almost becoming victims ourselves years ago. Corrupt sales people sell the lists of buyers and prospects. Despite all the horror stories, we should distinguish between legit companies and bad. Vidanta is legit, Vallarta Gardens is not, as 2 examples.

The Canadian Gov't is a little late with advisories, say 25 years! IN our own back yard (Canada) we had a T/S resort called Fairmont Vacation Villas, based in Fairmont, BC. You are no doubt aware of this? One of the biggest scams in Canada, if not North America, initiated in 2012 by a new owner of Fairmont, enabled by a fraudulent bankruptcy. Developer cut up the resort, compelled us owners to pay for renos, or pay to cancel our contracts. Then developer then sold off chunks of the resort as fee simple units. Our 2 weeks in specific buildings are now owned by a condo owner. In fact we probably stayed in his unit last summer as a vac rental owner. Many more details to this matter that we can't get into here. Estimated fraud amounted to over $400 million., closer to $500. really. In dealings with the Province of Alberta, where Fairmont had a head office and most owners were located, a Gov't investigator told me they could not bring the matter to court as they did not have the $$$ or the manpower, and they would have to leave too many other unrelated cases on the table. The Gov't of Canada's role? Zip! Nad! Nothing!