Is Bloomberg Holdings Enterprises in Playa a "SCAM ???"

[xzwpq6]

Hope one of You knowledgeable X-Perts may be able to help Me out .....

We are presently Owners of two(2) Weeks @ The Royal Sands.
On Nov. 10th., My Wife & I attended a Timeshare Presentation orchestrated by
Bloomberg Holdings Investments wherein We were taxied to 5th. Avenue in
Playa Del Carmen; Taken to a Nice Breakfast & then listened to a 90-Minute
Presentation. For this, We were promised two(2)bottles of Tequila & $250.
Specifically what We were interested in was trying to eliminate some of Our Maintenance Fees by selling to "Bloomberg" Our Lawrence Welk Week in Escondido,CA & a Second Week @ The Royal Hasciendas in Playa Del Carmen.
The Sales People showed Us how They could do This for Us. What They would
do would be to give Us (what I felt were) very exorbitant Price$ for Our Villas. After deducting Their Steep Commissions, We would still "net" nearly $40 000.
that They would put in an Escrow Account that We could with-draw from whenever We needed to. Also, We would get 100-Weeks to draw from 1-3 ~or~ whatever #of weeks We would desire; Select Villas from Their Inventory
& Pay Their supposedly discounted rates with "Zero" Maintenance Fees due. Moreover; We could X-Change two(2) weeks from Our 100-week Bank every January & Bloomberg in turn would Pay Us $3000. to use toward Their Vacation Packages that We select.

Is there anyone within the TUG Membership Universe who has experienced a similar situation that can help address Our Concerns ???

Thankyou & Respectfully Submitted !!! ........... Paul T.

 

[raygo123]

Seems to good to be true to begin with, your timeshares are not worth anything close to that. Now, no maintenance fees, I own Vida in Mexico. It has no maintenance fees, you only pay a maintainence fee when you use it, this year $749.00.

Do you have to buy something to get this deal and if so, why did they use the $40,000 from what they gave you for your timeshares? I suspect not. So, how much did they want for this great deal?



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[DeniseM]

This is the problem:

They would put in an Escrow Account that We could with-draw from whenever We needed to.

My guess is that there is no escrow Acct., and the offer is bogus.

They will send you (fake) Docs showing that $40K has been deposited in a fake escrow Acct., and ask you to pay their commission directly to them.

Once they have the commission, you will never hear from them again.

 

[Karen G]

Did you sign a contract with them? If so, rescind while you still can. Mexican law gives you five days to rescind a timeshare purchase so don't delay. Follow rescission instructions exactly as stated in your contract (if you can find them).

 

[xzwpq6]

Thanx for the "Scoop !!!"

Thankyou for Your Helpful Response.

No, We have not signed any Papers // Contracts ~or~ anything else. Looks like We may just "Walk".

They chose not to pay us Our promised $250.USD until We either sign
"Yes" ~or~ "No".

Thanx Again !!! .............................. Paul // xzwpq6

 

[Karen G]

Thankyou for Your Helpful Response.

No, We have not signed any Papers // Contracts ~or~ anything else. Looks like We may just "Walk".

They chose not to pay us Our promised $250.USD until We either sign
"Yes" ~or~ "No".

Thanx Again !!! .............................. Paul // xzwpq6

Good for you! That's pretty sleazy of them not to pay you what they promised for sitting through their sales presentation. That's a good indication of what kind of organization you are dealing with.