Leonard –

Victim Location 11436

Total money lost $2,250

Type of a scam Online Purchase

Managing Director John P Fayder and Broker Micheal Fuentes, contacted me asking if I would be interested in selling my time share. I agreed with the offer of $36,0000 as the purchase price. I was told that I would need to pay a transfer fee, since I still had a balance on my timeshare loan. I was told I would have to wire the money $1,500 to the buyer. John claimed that the buyer was located in Mexico, and I had to send the money to a Mexican bank. Up to this point I was hesitant on sending the money. I was then asked again to send more money for the process fee. I am now suspicious. I was assured that would be the last fee. A couple days went by then I was asked that I had to pay the Broker’s commission to Micheal Funtes. I refused to send anymore money and demanded for a refund. All money transactions were made through Cynthia Reva who is the alleged Escrow Agent that works for Title Trading holdings Corporation, LLC. Ms Reva submitted a cancellation letter for me to sign and forward. I completed what was requested. I then received a email from Ms Reva, the email read that I was getting my refund and they no longer a neutral party… I contacted my Time share company and inquired if any attempts too buy me out. I was told that there were no such offers on the purchase of my time share. I made several attempts to contact Mr Fayder (919)267-3769 (866) 978-7622


Sierra –

Victim Location 78731

Type of a scam Travel/Vacations

I was contacted by the above company saying someone wanted to buy a timeshare in Mexico that I own. They wanted me to sign an exclusive agent contract that looked reasonable, so even though they were offering me substantially more than the timeshare is worth, I signed the contract. They said an American "transfer" company would be handling the transaction.

After I signed the contract, they said the next step was for me to wire $750 to Mexico for some sort of fee, which raised a giant red flag as there was nothing about this in the contract I signed. This prompted me to do a search of scams, and this sounds like a sophisticated scam in material I found. I contacted the Raleigh BBB and they said the company had its license revoked in 2009 and has not been renewed, but didn’t say why.

I am not absolutely certain that this is a scam, but the probability is very high and I have no plans to wire transfer any money to Mexico.

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