TALLAHASSEE, Fla. (Legal Newsline) - Florida Attorney General Bill McCollum announced on Thursday that he has reached a $110,000 settlement with a Palm Beach County timeshare business that allegedly engaged in unfair and deceptive trade practices.
TS Luxury Group and its owner, Mary Filocomo, allegedly offered timeshare resale advertising services to U.S. and Canadian consumers.
A lawsuit brought against the company alleged that it enticed people into using its timeshare resale services by misrepresenting that it had procured interested or actual buyers for the consumers' timeshares.
The company also allegedly collected up-front fees for its services and issued contracts that were different than what was agreed to orally between consumers and company representatives.
TS Luxury Group, in addition to agreeing to permanently dissolve its operations, must also pay any additional claims from consumers who file complaints with the attorney general's office in the next 90 days.
Filocomo and the company cooperated fully with McCollum and have already begun reimbursing consumers.