You misread my post. I did not call Ron or anyone else a scammer; I called cancel-rebook a scam. Some people refer to cancel-rebook as a trick or loophole. It is all synonymous.
There are many methods to turn 2 million points into 8 million points of reservations. As I understand the process, a 2 million point Platinum owner can reserve a Bonnett Creek 1 bedroom for 180,000 points plus a few 3 and/or 4 bedroom Presidentials for 385,000 or 424,000 points, respectively. Within 60 days cancel the 1 bedroom and rebook it for 90,000 points, then cancel one of the Presidentials and upgrade to it, then rebook the 1 bedroom at half cost, cancel another Presidential and upgrade, then rebook the 1 bedroom at half cost, again, and keep repeating until the all the Presidentials are reserved at half the points cost for a 1 bedroom.
Do it right and with a bit of luck, that is how 2 million points becomes 8 million points of reservations. At $6/thousand, 2M points costs $12,000 maintenance fees and 8 million points is worth $48,000. Is this fair use of the system, or is this a scam? Pay $12,000 and walk out the door with $48,000 worth of 13-month reservations? Should Wyndham do something about this or not?
If someone can reserve a 4 bedroom Presidential at 13 months for full points and use it with their family or rent it, that is one thing. If, instead, they cancel-rebook it for 50% off, or manipulate the reservation system to reserve it at half the cost of a studio or 1 bedroom, that negatively impacts other owners, so it should not be allowed. That is just my thought, but that and all the money in my pocket will not get me a Starbucks coffee.
Wyndham’s opinion of the various cancel-rebook schemes is the only opinion that matters. They will investigate and decide to hand the Ferrari keys back to the owners or not. When something similar happened ten years ago, owner-to-owner points transfers were eliminated. Could this latest development mean the end of VIP points discounts? It is not out of the question. How else could they solve the problem, if they think it is a problem worth solving?
Megarenting happens, and it will continue to happen. I think Wyndham is obligated to respond when Owners reserve more than their Fairshare of reservations.