BEWARE of selling time share with abi-holdingsllc.com

[Toni Marquez]

BEWARE of abi-holdingsllc.com I worked with this company for a year trying to sell my timeshares in Mexico. After much back and forth, my payments to cover costs to release the funds were supposed to be reimbursed- never were!
Be careful! I lost not only my investment ($55.000) to get the funds released but the actual money for the sale as well. Company mute when asked for support!
Lacking integrity, unethical and bad customer service.
BEWARE ABI-HOLINGSLLC.COM
T Marquez

 

[RX8]

To be clear, this is not a legit company so they do not care about your claims that they lack integrity, that they are unethical and that they have bad customer service. You dealt with a fake company set up by scammers to steal money.

So sorry you got scammed. We try to warn people all the time about these scams. Unfortunately, many people fall for it blinded by the promise of big bucks for a timeshare that is otherwise worthless on the resale market. The scammers are usually pretty slick in the presentation and their bogus documents.

This company’s website was created in December 2019 and registered in Mexico. There are many red flags with this type of scam and I would venture to say that yours followed the same pattern. It starts with a cold call, an offer of big bucks, and while they promise no upfront fees at the start, ultimately they have requests for bogus fees such as “Mexican bank fees”, “Government fees”, “Mexican property taxes”, “non-resident tax”, “sugar tax”, etc…. It doesn’t matter what they call it because it isn’t real. They assure you that those fees will all be reimbursed when you get the sale proceeds. The request usually is to pay these fees by wire to Mexico before the sales proceeds can be released. Sometimes they have you wire it to an escrow company, another fake company set up by the scammers. They keep asking for more funds to be wired until one stops doing so. In reality, there is no sale and the scam is all about getting one to wire funds to them. Once the well is dry, they disappear and create a new website to start all over.

Was I contacted by a Scammer to Sell or Rent my Timeshare?

A checklist for owners to determine if a Timeshare company is legitimate or a scam

tug2.net

 

[davidvel]

BEWARE of abi-holdingsllc.com I worked with this company for a year trying to sell my timeshares in Mexico. After much back and forth, my payments to cover costs to release the funds were supposed to be reimbursed- never were!
Be careful! I lost not only my investment ($55.000) to get the funds released but the actual money for the sale as well. Company mute when asked for support!
Lacking integrity, unethical and bad customer service.
BEWARE ABI-HOLINGSLLC.COM
T Marquez

Did you pay $55,000 to this company? What did you pay for your timeshare?

 

[LannyPC]

I'll try not to sound to contrite or castigating, but, for someone who joined these forums over two years ago, didn't you see the numerous posts and threads here on TUG warning people about this scam that you are describing? They all follow the same pattern: an unsolicited phone call; a promise to sell your TS for far more than market value; asking for some sort of fee or tax (see RX8's post above).

The best advice we can give you now is to not fall for any of the follow-up scams that claim they can get your money back or sue the scammer.

If you're intent on getting rid of your TS, follow the advice in the sticky thread how to sell your timeshare. However, your TS probably has zero value so your best bet now is to just let all payments lapse and have them terminate your membership.