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Has anyone had success with Fastest Exit llc and Vidanta?

pokey

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I have been sucked into a possible scam with Fastest Exit who promised they could get all of our money back out of a Vidanta timeshare because of the misrepresentation of the sale. They did go through the steps of a hearing with Profeco. Now they claim to have a settlement, as long as I pay the tax up front (of course). Even went so far as sending me a Letter of Intent (they claimed a binding agreement) that spells out the payments. So many red flags. Has anyone had similar experience with this company?
Bracing for bad news...
 

theo

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1. On what basis do you actually believe that Fastest Exit "went through the steps of a hearing with Profeco"? Does PROFECO concur with that particular claim?
2. How could "Fastest Exit" obtain a "settlement" without your involvement, since it is you (not "Fastest Exit") that has legal standing here and you (hopefully) have not even formally engaged the (...ahem) "services" of "Fastest Exit" to represent you?
3. I am admittedly unfamiliar with whatever passes for "law" in Mexico, but the concept of a mystery "tax" being imposed on a legal "settlement" is simply not credible.
4. A legitimate entity representing you would obtain their fees from any alleged "settlement" before you ever saw a dime. These people want you to "go to the hip" first.

I am picking up a foul aroma and hereby submit my vote for SCAM. Where did you find this unknown entity anyhow (or did they somehow find you?) :ponder:
Call me a cynic, but I suspect that the only potential for a "Fast Exit" here is the very real potential for some money to make a "Fast Exit" from your bank account.
 
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chapjim

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Does "sucked in" mean you've already paid some amount to Fastest Exit? How much? How much is the "tax" they want?

I agree with @theo, this smells bad. The bigger the amounts above, the more likely it is a scam.
 

pokey

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1. On what basis do you somehow believe that "Fastest Exit" supposedly "went through the steps of a hearing with Profeco"? Does PROFECO say so as well?
2. How could "Fastest Exit" obtain a "settlement" without your actual involvement, since it is you (not "Fastest Exit") that even has legal standing here?
3. I am admittedly unfamiliar with whatever passes for "law" in Mexico, but the concept of mystery "tax" being imposed on a "settlement" frankly escapes me.
4. A legitimate entity representing you would obtain their fees form any alleged "settlement" before you ever saw a dime. These people want you to go to the hip first.

I sense a foul aroma emanating from this whole matter and hereby submit my vote for SCAM. Where did you even find this entity anyhow (or did they find you?) :ponder:
1. I have sent and received emails from Profeco and do have a case number with them. I have asked for the Profeco settlement results, but have not got them so far.
2. They negotiate on my behalf with Vidanta.
3. The claimed tax is the 16% IVA that I need to pay on the settlement. They claim I could recoup it only if I was a Mexican citizen.
4. I agree.
I received a flyer that I think targeted all Vidanta owners

The only reason I was holding out hope was the Letter of Intent that was sent to me, as I would think that would open them up to a huge legal liability if they back out.
 

pokey

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Does "sucked in" mean you've already paid some amount to Fastest Exit? How much? How much is the "tax" they want?

I agree with @theo, this smells bad. The bigger the amounts above, the more likely it is a scam.
Yes, sadly I paid a "legal fee retainer" upfront
 

davidvel

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The above 2 posts are correct. I would add that there is absolutely ZERO chance that this is not a scam. Don't worry about how it smells, don't worry about what you have spent already, cut off ALL contact with them.

Please read this thread. These people killed Americans who tried to quit their call center. These could be very bad people you are dealing with. Do not proceed any further.
 
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theo

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The only reason I was holding out hope was the Letter of Intent that was sent to me, as I would think that would open them up to a huge legal liability if they back out.

Scammers have a practiced ability to just disappear into thin air after running their game and achieving their goals (i.e., taking enough money from people before moving on). Hope springs eternal, but the "huge legal liability" that you reference might well be more conceptual than real. Does this "exit" entity even have real people with real names? A verifiable physical address? A LLC filing whose documentation can be viewed and examined? Where? Is this alleged LLC in the U.S. or Mexico?

I would be delighted to be completely wrong in my doubts here, but all of this does not sound or smell good to me. I guess I can only wish you good luck. Only you can decide whether or not you wish to pursue this further. I will note that I have never once heard of anyone ever "getting all of their money back" from a Mexican timeshare transaction.
If you are to be the very first to do so, then good on 'ya, but color me dubious --- at best.
 
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WorldT

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There is no "tax" to get a refund on your money. It doesn't happen in any country and I have been to a few. You pay tax when you purchase a service or product. That is it.
Imagine walking into a Walmart and buy a product, you pay for the product and the tax. Before you leave you decide that the product isn't what it was cut out to be. Walmart agrees to refund the money you already paid and ask you to pay an additional tax on the money they are returning to you. No such thing. The "legal" fee is already gone. Forget about it.
The only possible good news is that you may still have a pending case with Profeco. But be careful, did you contact profeco yourself or this company set it up for you? You may have been dealing with a fake profeco if they had set it up for you.
Always, always, always keep in mind this one truth: if you have a solid case for recision or refund, you do not have to pay anyone anything to get your money back.
 

TheTimeTraveler

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I have been sucked into a possible scam with Fastest Exit who promised they could get all of our money back out of a Vidanta timeshare because of the misrepresentation of the sale. They did go through the steps of a hearing with Profeco. Now they claim to have a settlement, as long as I pay the tax up front (of course). Even went so far as sending me a Letter of Intent (they claimed a binding agreement) that spells out the payments. So many red flags. Has anyone had similar experience with this company?
Bracing for bad news...


This is a SCAM. Sadly your money is now long gone and you'll never see it again.

Because you so willingly paid them you can anticipate that they will come back and say you need to spend some additional money for some phony reason. Cut all communications with them as all they want to do is to reach into your pocket and continue to drain your assets.

Sorry to present the bad news but was an expensive lesson to learn the hard way.







.
 

RX8

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Fastest Exit’s website as reflected on the BBB profile was created April 2019. It was registered in Reykjavik, Iceland which is a location where other confirmed scams were registered. That website is “under maintenance “. There is a new website created April 2023 and that one was registered in MN. The new website may have something to do with this article:


Quick facts: There is an active Arizona LLC with a member being John Cobb. Limited info on him. Their address is a Mail Drop. They surprisingly are BBB Accredited. They have a number of complaints, including one complaint in which someone claims Fastest Exit requested the 16% tax, the same as the OP. The Terms of Service and Privacy Policy are both non-functional as it links to the old website.


Fastest Exit appears to me to be yet another exit company looking to scam timeshare owners out of upfront fees. This one looks to be hiding under the guise of BBB accreditation.
 

davidvel

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Fastest Exit’s website as reflected on the BBB profile was created April 2019. It was registered in Reykjavik, Iceland which is a location where other confirmed scams were registered. That website is “under maintenance “. There is a new website created April 2023 and that one was registered in MN. The new website may have something to do with this article:


Quick facts: There is an active Arizona LLC with a member being John Cobb. Limited info on him. Their address is a Mail Drop. They surprisingly are BBB Accredited. They have a number of complaints, including one complaint in which someone claims Fastest Exit requested the 16% tax, the same as the OP. The Terms of Service and Privacy Policy are both non-functional as it links to the old website.


Fastest Exit appears to me to be yet another exit company looking to scam timeshare owners out of upfront fees. This one looks to be hiding under the guise of BBB accreditation.
Here is a snapshot of the website at the Wayback Machine where you can see the terms:
https://web.archive.org/web/20231129213427/https://www.fastestexit.com/

Hilariously, you can only get a refund if the following 2 terms are met:

Refund requirements
The following criteria must be met to qualify for a refund:

  • No timeshare exit has been obtained after 365 days.
  • The timeshare exit process must not have been started before the 365-day deadline.
If the conditions listed above are not met, we reserve the right not to issue a refund.

So you have to wait 365 days to see if an exit has been obtained. BUT if they started the exit process in the first year, no refund! :shrug: The only way you get a refund is if they don't "start" the process in 365 days. Of course they will start, whatever that means.

This is like Heads I Win, Tails You Lose.
 

dioxide45

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They will take the 16% tax money then come back to the well again for more. Then it will be some other fee you need to pay. Some people have been taken for hundreds of thousands of dollars over dozens of wire transfers and transactions.. Death by a thousand cuts.
 

Fido Chuckwagon

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I have been sucked into a possible scam with Fastest Exit who promised they could get all of our money back out of a Vidanta timeshare because of the misrepresentation of the sale. They did go through the steps of a hearing with Profeco. Now they claim to have a settlement, as long as I pay the tax up front (of course). Even went so far as sending me a Letter of Intent (they claimed a binding agreement) that spells out the payments. So many red flags. Has anyone had similar experience with this company?
Bracing for bad news...
This is definitely a scam.
 

Fido Chuckwagon

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winterski

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Fastest Exit has shut down without warning. Investors need help. Probably millions of $, especially with the Vidanta claim.
The trail could be considered warm now. Legal experts can start the recovery process.
 

WorldT

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Fastest Exit has shut down without warning. Investors need help. Probably millions of $, especially with the Vidanta claim.
The trail could be considered warm now. Legal experts can start the recovery process.
"Investors"? Who are the investors? Or where you trying to say clients like the OP?
As for recovery, good luck. The entities usually do not have assets. The only recovery you can possibly get would be to go against the owners of the company personally. Those kinds of claims are not easy.
In addition, a criminal prosecution may be helpful as restitution can be ordered in criminal prosecutions.
 

pokey

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Fastest Exit has shut down without warning. Investors need help. Probably millions of $, especially with the Vidanta claim.
The trail could be considered warm now. Legal experts can start the recovery process.
How did you learn that they have shut down? Can it be confirmed?
 

dioxide45

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Their website seems to claim they have a trademark on the term "Guaranteed Timeshare Cancellation", but I can find no such trademark being registered with the patent and trademark office.
 
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davidvel

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"Investors"? Who are the investors? Or where you trying to say clients like the OP?
As for recovery, good luck. The entities usually do not have assets. The only recovery you can possibly get would be to go against the owners of the company personally. Those kinds of claims are not easy.
In addition, a criminal prosecution may be helpful as restitution can be ordered in criminal prosecutions.
Yeah good luck recovering against the cartels. Sounds like a deadly endeavor.
 

Fido Chuckwagon

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Their website seems to claim they have a trademark on the term "Guaranteed Timeshare Cancellation", but I can find no such trademark being registered with the patent and trademark office.
Also extremely unlikely that a trademark would be issued for such a generic phrase.
 

klogd

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I have been sucked into a possible scam with Fastest Exit who promised they could get all of our money back out of a Vidanta timeshare because of the misrepresentation of the sale. They did go through the steps of a hearing with Profeco. Now they claim to have a settlement, as long as I pay the tax up front (of course). Even went so far as sending me a Letter of Intent (they claimed a binding agreement) that spells out the payments. So many red flags. Has anyone had similar experience with this company?
Bracing for bad news...
This exact same thing happened to me. Hoping someone will start a class action suit perhaps.
 

dioxide45

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This exact same thing happened to me. Hoping someone will start a class action suit perhaps.
Class action in this type of situation is not likely. The damages are not uniform and the class is small. You are best to speak with an attorney about your specific case, but you are likely to spend a lot of money with no actual resolution. In other words stop throwing good money after bad.
 

Fido Chuckwagon

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Class action in this type of situation is not likely. The damages are not uniform and the class is small. You are best to speak with an attorney about your specific case, but you are likely to spend a lot of money with no actual resolution. In other words stop throwing good money after bad.
Yeah, the biggest problem with any lawsuit is that you’re talking about a likely criminal organization that it would be difficult to collect a judgment from. Maybe they get caught and prosecuted one day, but that’s about all that can happen.
 
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