Golden Equity Specialists

Has anyone heard of this company Golden Equity Specialists?
They offer to buy Pueblo Bonito timeshares in Mexico

It is a scam, but don't know what it is yet. Any feedback

My guess is that there is not enough money in timeshare resales to have an office across the street from Grand Central Station in the Chrysler Building. It looks to be a godaddy website (with all info being blocked by domainsbyproxy.com) with an IP address to Livonia, MI.

network:Auth-Area:108.178.0.0/18
network:IP-Network:108.178.54.208/29
network:Organization:HostMantis
network:Street-Address:14454 Auburndale St
network:City:Livonia
network:State:MI
networkostal-Code:48154
network:Country-Code:US

That being said, I doubt that this person is actually in MI. Why would everything else be blocked, but whois gives me an IP address??? My sleuthing skills still need work, $100 bet it is a scam!

Thank you for the info.

I've also heard from them offering to buy our TS. Gave us an "offer" and when we countered twice that, they then called back and said they had double checked on our property and told us it was TWICE that!

Can't find them w/ ny Dept of State, Atty Gen., BBB, or anyone else. Their address is the Chrysler Building where you can buy "virtual office space" for $350 a month.

Nothing I've found encourages further discussion with them, but am willing to hear from others.

Thanks Daniel,
They made me an offer that is way over what properties are worth, like thousands over. I agreed, sent me Letter of Intent, I signed & emailed back, now waiting to find out how the scam works. I advised I would not pay any funds up front.
It is a scam, just don't know how it works. They advise they get 8% commission.
Norm

My crystal ball says.....

norm449 said:

Thanks Daniel,
They made me an offer that is way over what properties are worth, like thousands over. I agreed, sent me Letter of Intent, I signed & emailed back, now waiting to find out how the scam works. I advised I would not pay any funds up front.
It is a scam, just don't know how it works. They advise they get 8% commission.
Norm

Click to expand...

Next they'll want you to send them documents turning over ownership of your TS to them, so they can complete the "sale" to the "buyer". They'll also want the 8% for their services.

You'll never see the proceeds from the sale, you'll think that you turned over the property to them and at least don't have to pay the MF, but lo and behold, you'll be billed for it and if you send the bills to them they won't be paid. Soon you'll be in default. And this outfit will be long gone with your (and others') 8% of overinflated TS value.

risky business.

Thank you pjrose,
Waiting for them to come back to me requesting that information.
Thanks for the heads up, I would never have sent them that info or advance the 8% commission.

Norm

I returned a Withdrawal of Letter of Intent. I think what could happen is all goes well until the "last minute," then an urgent request for some special transaction fee, or "taxes" or something. If you balk there may be a threat of lawsuit for not following through or a risk of credit rating. The elements to me seem to be:
A desire to sell a TS
A desire for gain
and a desire to avoid legal action.
I did some further checking and they "dead end" everywhere, New York Atty General, NY Better Business Bureau, NY Dept. of State. I questioned them about it and they through in because they're not registered in the U.S. there's not capital gains tax. Haven't heard back since I sent my withdrawal.
The last guy I talked to couldn't even tell me where his office was. It was very awkward for him, and unusual for a scam artist.
Anyway, I'll keep checking back on other peoples' progress. Thanks all.

Golden Equity Specialists was just one of many possible scammer websites sharing the same verbiage in this TUG thread below:

http://tugbbs.com/forums/showthread.php?t=206000

I also was contacted by this group. They had all of my info from the Grand Miramar so it is safe to assume someone in this outfit worked there at one time. I just finished reporting a group called Worldwide Realtors Inc. that used the same scam. It may be the same people with a newer approach. When I talked to them and told them that I couldn't find a record of them in the Texas Real Estate office, business license records or property record for their address, and I reported that info on the internet, the caller started cursing at me. I may have been one of their first contacts and I reported them to TUGs and Ripoff Report.com. Listen to the advice from above. NOBODY is going to call you and make an offer to buy your unit when they can go line and find people that are trying to give them away.

johnak said:

They had all of my info from the Grand Miramar so it is safe to assume someone in this outfit worked there at one time.

Click to expand...

Not necessarily. There is an active black market for sales of timeshare ownership ownership and usage records. Employees who have access will copy information and sell it on the street. I would expect that there is also some hacking going on to obtain the data as well.

Received documents to fill out and send proof of ownership just like pjrose wrote. I decided didn't want to get into accusing of being a scam, knowing it was, so just told caller I changed my mind. No questions or pushing came.

Thanks' for the feedback from tug members identifying this scam.

Norm

norm449 said:

Received documents to fill out and send proof of ownership just like pjrose wrote. I decided didn't want to get into accusing of being a scam, knowing it was, so just told caller I changed my mind. No questions or pushing came.

Thanks' for the feedback from tug members identifying this scam.

Norm

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Good move. I hope they don't keep bugging you, but if they do, just say no thanks!

golden equity specialist

Any one else get scammed out of there money by this company in n.y across the chrysler building. Trying to get my money back...can't get a hold of them.

lennyg3 said:

Any one else get scammed out of there money by this company in n.y across the chrysler building. Trying to get my money back...can't get a hold of them.

Click to expand...

Very sorry to hear you lost money. Your only hope is that you paid by credit card and can dispute but these scammers know better. They probably had you pay by wire.

You can't get a hold of them because they are criminals. They have stolen from you. You could file a police report and contact the NY attorney generals office but even that may be useless because these thieves are not in NY ( and never were) My guess is that they are likely in Mexico.