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Elderly couple scammed out of $1 Million dollars by Timeshare Exit/Resale scheme.

TUGBrian

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The article states "that over the course of four years, the couple lost over $1 million." Most likely the reality is that over the course of four years, the couple gave over $1 million to the scammer. This isn't really a timeshare story.

Any elderly couple willing to not involve family and part with $1 million over four years, likely would have given the money to someone else, having nothing to do with timeshare. I would not be surprised if some type of mental illness or diminished capacity is involved as well.

Families should work with their elderly to have multiple checks and balances on any accounts with any meaningful amount of assets.
 
The article states "that over the course of four years, the couple lost over $1 million." Most likely the reality is that over the course of four years, the couple gave over $1 million to the scammer. This isn't really a timeshare story.

Any elderly couple willing to not involve family and part with $1 million over four years, likely would have given the money to someone else, having nothing to do with timeshare. I would not be surprised if some type of mental illness or diminished capacity is involved as well.

Families should work with their elderly to have multiple checks and balances on any accounts with any meaningful amount of assets.

This is true. I use to work in resale and have seen multiple elderly individuals come in to buy gift cards for their supposed grandkids/niece/nephew etc. There was always a story usually fed to the victim by the scammer.
Also, because I have worked in retail and I know how this plays out, I am always alert even when I am not at work. Once I was at Target in line behind an elderly woman who was trying to buy a couple thousand dollar gift cards for a "family member". The cashier said she had exceeded the max for a single card and was in the process of splitting the transactions as a work around. I had to step up, told the cashier to stop and told her to call loss prevention. When loss prevention came, I told him what was going on and I don't believe the family member is legit based on the story she was telling the cashier. Besides, splitting the transactions to get around the limit is a no no.
Unfortunately, getting your older relatives to agree to the checks and balances is not always easy.
 
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Is the article link not working for others? I can't get the page to load.
 
not loading for me right now either, though it was an hour or so ago as I reached out to the GBI public relations department in hopes of getting some additional details.
 

this is unbelievable! i hope a future article provides more details
Arrested for scamming one elderly couple over four years. No way that this was his only victim.
 
well i did assume there were plenty of victims involved, just that particular one paid out over 1m
 
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