Diamond Resorts "Stock Buyback" scam

[TUGBrian]

as always folks, regardless of how creative or enticing the pitch is, anyone asking you to send money upfront is a scammer!

Port Orange man warns others after falling victim to $100,000 scheme

Bob Hovan, 77, of Port Orange, is sharing a painful lesson after losing more than $100,000 in a complex scheme involving a fraudulent stock buyback.

www.clickorlando.com

 

[dioxide45]

$60,000 to sell something you don't even know you own? They say that even the smartest people can be scammed, but I am not sure about this one here. Classic pig butchering scam.

 

[T_R_Oglodyte]

A few days ago I had a voice mail message on this very same scam.

 

[vacation911]

Upfront fee.... Thats the giveaway.

Once these scammers got him to pay once, they kept going to the same well. Fool me once, shame on you; fool me twice, shame on me! That goes for fool me three times ect.

It amazes me that the upfront fee scammers, can hit the same people so many times, and many people fall for the upfront fee scam on multiple occasions from multiple scammers, or even the same ones over and over.

 

[pedro47]

as always folks, regardless of how creative or enticing the pitch is, anyone asking you to send money upfront is a scammer!

Port Orange man warns others after falling victim to $100,000 scheme

Bob Hovan, 77, of Port Orange, is sharing a painful lesson after losing more than $100,000 in a complex scheme involving a fraudulent stock buyback.

www.clickorlando.com

Stupid, why did not this person used a stock brokage. That should have been the first warning sign.

 

[RX8]

If only people would just stop falling for the scam. I know the scammers are persuasive and have documents that appear to be legit but people need to be accountable for themselves.

This appears to be the very same scammers who cold call and state they have a buyer for your timeshare at a ridiculously high price but only before a tax or fee is paid. Then another, then another. This scam is the same except instead of a buyer they have come up with a stock buyback. Al the rest is the same

Unfortunately, the victim got wise too late. His quote below.

“Really, you should be cautious when somebody solicits to you without you contacting them first,” he warned.

 

[SmithOp]

Greed makes people do stupid stuff.

 

[pedro47]

The greed of making more money on a simple investment make a fool out of a stupid person. IMHO