• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Square Scammed Out of Millions By Woman Selling Bogus Travel Vouchers

MULTIZ321

TUG Member
Joined
Jun 6, 2005
Messages
31,613
Reaction score
9,128
Points
1,048
Location
FT. LAUDERDALE, FL
Resorts Owned
BLUEWATER BY SPINNAKER HHI
ROYAL HOLIDAY CLUB RHC (POINTS)
Square Scammed Out of Millions By Woman Selling Bogus Travel Vouchers - by Chris Welch/ Tech/ theverge.com

"Square has fared pretty well in the mobile payments business, and now the company, founded by Jack Dorsey, is preparing to go public. As part of that process, Square has given potential investors a deeper look at the risks and uncertainties that it regularly contends with. And while Square hasn't dealt with too many unforeseen crises, one case mentioned in the company's S1 filing stands out. A scammer who posed as a seller of travel vouchers on Square has cost the company millions. $5.7 million, to be specific — though that number may be Square citing the worst-case outcome. BuzzFeed News did some digging and discovered that the person responsible is 30-year-old Patricia Urbanovsky, who used Square under the name of Creative Creations, her events planning company based in Nebraska..."

Richard
 
Top