[ 2010 ] Friar Tuck/Nottingham Village CLOSED-Bankruptcy

[suemike825]

Hi Everyone,

We have tried to contact Mr. Ehrilich a few times but he never calls back. I think we have all been screwed by these people. We are upset but have accepted the fact that "Buyer Beware" definitely applies in this situation. We didn't go home and really think about this purchase we did it on a whim when they invited us to have dinner and tour the resort back in 2002. Then our salesman, Henry enticed us with the whole RCI exchange and how we could travel to all these exotic places and Europe, blah, blah, blah. So shame on us for buying into his line of crap.

They made sure to collect our annual fees in February of 2010 and swore up and down that everything was fine and that RCI dropped them because they didn't have flatscreen TV's. Being down here in Florida we couldn't go and see the Friar Tuck in was closed. We were also told that Wyndam was buying Friar Tuck and that is why it was closed. We were told that they were going to renovate Friar Tuck and a bunch of other hooey. I forget the woman's name who worked there and told us this stuff but I don't know how she lives with herself conning people the way she did.

We are just at the point of we need proof that we lost our timeshare to bankruptcy so we can write it off on our taxes.

 

[suemike825]

Forgot to Show everyone this

This is the family we gave our money too. They are either in jail or will have us swim with the fishes if we ever try to get our money back. Bunch of low lives. It is people like the Caridi's that make us hard working Italians look bad. There are many more good Italians in this country than bad like this family.


Joseph Caridi
From Wikipedia, the free encyclopedia
Joseph "Joe C." Caridi (born 1949) a New York mobster and current Consigliere of the Lucchese crime family.[1]
[edit]Lucchese family

In the mid 1980s, Caridi was reportedly inducted into the Lucchese crime family, then under the leadership of boss Victor Amuso. When Amuso was sent to prison in the early 1990s, Caridi became the caporegime of the Long Island and Queens factions, assisted by Lucchese mobster John Cerrella. They became top members of the Long Island and Queens faction. Caridi was later nicknamed by the media as the "Tony Soprano of Long Island".[1]
In 2001, Caridi took control of the Hudson & McCoy Fish House, a restaurant in Freeport, Long Island, after the owner asked him for help. The owner's partner Lewis Kasman, a Gambino crime family associate, had been stealing money from the restaurant. Caridi successfully removed Lewis and then started stealing money himself. At one point, Caridi was extorting up to $10,000 per night from the restaurant. Caridi also forced the owner to buy his bread from a mob-affiliated supplier.[2]
[edit]Consigliere

The power in the Lucchese family shifted in early 2001, when Louis "Louie Bagels" Daidone was promoted to acting boss, allowing Caridi to be promoted to consigliere. In November 2002, Caridi was indicted on state charges of extorting money from an adult video store, loan sharking, and illegal gambling along with Lucchese family members John "Johnny Sideburns" Cerrella and Vincent "Vinny Casablanca" Mancione.[3] As part of this federal plea agreement, the State of New York dropped its November 2002 charges.[2] On December 10, 2002, Caridi was indicted federal charges of extorting money from the Hudson & McCoy Fish House, based on testimony from former acting boss Joseph "Little Joe" DeFede and soldier Vincent Salanardi. The government had over 1,000 hours of taped conversations of Caridi and other Lucchese family members.
On March 23, 2003, Caridi pleaded guilty to extortion and to federal tax evasion between 1997 and 2002. Caridi also admitted running a sports betting operation from his house in East Northport, New York.[4][5] As part of this federal plea agreement, the State of New York dropped its November 2002 charges.[2] On December 18, 2003, Caridi was sentenced to 96 months in federal prison.[2][6] In a separate case in 2003 the acting boss Louis Daidone was convicted and received a life sentence, this promoted Caridi to official consigliere.
Caridi served his sentence at the Allenwood Federal Correctional Complex (FCC) in Allenwood, Pennsylvania before being released on November 27, 2009.[7] His ally John "Johnny Sideburns" Cerrella, a former acting capo was released from prison the same day.[1]
[edit]References

Notes
^ a b c Murray Weiss and Chuck Bennett (March 9, 2009) It's a Mob scene parade of Mafia bigs ends jail stints in '09. New York Post
^ a b c d Mike Claffey and John Marzulli (December 11, 2002) "FEDS BUST L.I. 'SOPRANOS' Say mobsters put bite on restaurant" NY Daily News
^ Anthony M. DeStefano (December 12, 2002) "Feds Cite Mob Role In Eatery – 27 Named in Racket Tied to Freeport Restaurant" NY Newsday
^ Andy Newman (March 20, 2003) "Mob Figure Admits Skimming from Long Island Restaurant" New York Times
^ Anthony M. DeStefano (March 21, 2003) "Reputed Mobster Pleads Guilty to Eatery Extortion" NY Newsday
^ "Lucchese" The Changing Face of ORGANIZED CRIME IN NEW JERSEY – State of New Jersey Commission of Investigation 2004 Report
^ Bureau of Prisons Inmate Locator
Categories: 1949 births | American mobsters of Italian descent | Lucchese crime family | Consiglieri | Living people

 

[suemike825]

I agree with you 100%. All money invested in this are gone and it's time to move on. These people are criminals but I am spending my life trying to punish them, they will have to meet their maker someday and answer for their sins. I choose to move on and you are right, Even an individual can go to any timeshare, anywhere and ask them for a deal, if they have a lot of availability, they will give you a deal of 60% instead of having nobody at the place. Even if you still are members of RCI and you don't need to own a timeshare to have a membership to RCI they will get you good deals. There are tons of vacation clubs out there. Move on.

 

[suenmike32]

I had occasion to drive by Friar Tuck a week or so ago. It is all overgrown with weeds and the owners must be renting a portion of the parking area to a local utility or contractor as there were 8-10 huge bucket trucks parked there.
It almost looked like a graveyard for abandoned vehicles.
Out of curiosity, I drove in the driveway and noted a late model car parked in front of the main office, so someone is probably either on guard or they are still taking stuff out.
It's too bad it went the route that it did, 30 years ago that used to be a hot spot for night clubbers and big name acts. The proximity to Hunter Mtn, Wyndham, the Hudson river and Albany would have made it attractive...but alas, when greed raises it's ugly head......

 

[ccwu]

Friar Tuck

I just found out this. I did not receive a bill for MF. We are even year ownership (two weeks in even year). I tring to google to find out what happened. We have the Share certificate. I guess this must be happened after last time we were there, August 2010.

Is there anything that I can do? I guess this is too late.

 

[Sullco2]

I think you all know this, but there's a new owner at Friar Tuck Inn. She has no responsibility for the timeshare division, but if the Inn comes back to life, she will probably understand the value of having some built-in customers.

But don't count on any of this--the property is a disaster and, if all goes according to plan, a major branded resort and water park will be built at Exit 21B of the Thruway that will target families. This is the next exit beyond Catskill, NY.

On the other hand, there are also rumors that the Inn will be the training site for an Asian circus troupe--perhaps similar to Cirque du Soleil. This has some believability given its proximity to NYC and the ability to house performers. Think of Sarasota, FL as the home of Ringling Brothers, for example. Wallkill, NY in Orange County is the training home of The Big Apple Circle, also.

If this happens--and it's just a hair beyond a total pipe dream--perhaps there will be performances and a reason to include an actual hotel operation aimed at families. This would bode well for the Nottingham Village.

But I would place the odds at 1 in a thousand. This report is based on conversations with people involved in the transaction, so it's not my imagination.

 

[pammypooh2u]

Letter From Lawyers Office - RE Friar Tuck

Yesterday in the mail I received a letter from a lawyers office representing Marc Erlich ESQ. The letter indicated that Mr. Erlich was looking to be released from responsibility of the Friar Tuck and was requesting either a sale or abandonment of the property. The letter indicated that Mr. Erlich was requesting a sale of a minimum of $10,000. I have no idea what this means for us as time share owners, but at this point I think I have to write this off as a complete loss. It looks like we got ripped off and will never see a dime of the money we "donated" to the Caridi family. This is such an injustice to the hundreds of people who spent their hard earned money on this "resort". How depressing and sad is this???

 

[emd1174]

Loss

I haven't received any letter as of yet, but when I do, I will finally just write this off as a very very bad investment and be done with it. It's a damn shame. I will never purchase one of the timeshares again! Too risky. You live and learn.

D

 

[Corky]

I received the same letter and wondered about the implications for owners at Nottingham Village. There was no reference addressing our concerns and positions.

Yes, it is probably a total loss. So unfair!

 

[momeason]

I haven't received any letter as of yet, but when I do, I will finally just write this off as a very very bad investment and be done with it. It's a damn shame. I will never purchase one of the timeshares again! Too risky. You live and learn.

D

There are lots of timeshares available resale which are not such a big risk. It does take lots of research to maximize your TS experience though.
Sorry for your loss.

Sherry

 

[ssector]

I am currently part of a coilition of Time Share Owners who are attempting to find anyone who has a time share with Friar Tuck/Nottingham Village. The time share was closed this week, and is in Chapter 7 Bankruptcy. Anyone who is an owner in this property and would like to be included in this coalition should contact Colin DeVries at cdevries@thedailymail.net. We have been told that there was an unfortunate fire at the Friar just a couple of days before they filed for Chapter 7 in Sept 2009, so there are no records of owners. Additionally, a court appointed Trustee is involved, and he is looking for owners to contact him as well:
His name is Marc Ehrlich
64 2nd St
Troy NY 12180
(518- 272-2110)

Hi there, are there any updates as to the recourse the time share owners have. I was told that I would own a Deed that could be willed etc, but I just read an article that said this was a lie told by the owners.

 

[ssector]

Hi there, are there any updates as to the recourse the time share owners have. I was told that I would own a Deed that could be willed etc, but I just read an article that said this was a lie told by the owners.

Does anyone know how to get the letter regarding the bankrupcy so we can write this off in our taxes?

 

[inishbofin]

No tax write off

Sorry to say it but, losing money on a time share does not translate into a tax write off. It is considered a loss on an asset held for personal use. If you had bought it as and used it strictly as an investment property then you might be able to take a tax loss. But if it was used for your vacations then the tax code does not allow a loss. Think of it as a summer home that you sold for less than you paid for it; that would not generate a tax loss either.

 

[ssector]

Thnak you for getting back to me - that's too bad on the tax write off. Is anyone aware of a personal lawsuit against the owners (not sure if that would be a good idea based on the Wiki entry) or a class action suit against the company based on the fact that 'deeds' were issued.

 

[ocopbwa]

Nottingham Village Timeshare

Does anyone the current status of the timeshares at Nottingham Village/Friar Tuck?

 

[emd1174]

Good Question!

I've been wondering that myself!

 

[lauraj]

August 2013 - most recent update I can find

http://www.dailyfreeman.com/general...-junk-law-violations-at-former-friar-tuck-inn

L&H Resort Systems purchased the property for $2.43 million in July 2011, with Ulster Savings Bank Executive Vice President Michael Shaughnessy at the time saying it was a cash sale.

The Friar Tuck was shut down in April 2010 after foreclosure proceedings were started by Ulster Savings Bank, which stated there was $3.8 million remaining on the resort's mortgage.

It is not clear whether the new sale to L and H Resort Systems was made subject to the leases held by the time share resorts.
Just an FYI --company info at http://www.nycompaniesindex.com/l-h-resort-systems-lp-2ajdo/

There is also a tax lien against the property for over $500,000.00 that was placed as a foreclosure judgement as of July 25, 2013 (unless L&H paid, which I doubt)

This would mean that the sale did not generate any profits to pay "shareholders"