WASHINGTON (Legal Newsline) — The Federal Trade Commission (FTC) announced May 4 that the operators of Pro Timeshare Resales LLC will surrender $3.4 million worth of assets and be permanently banned from timeshare resale services and telemarketing after a settlement.
The settlement resolves allegations that the defendants conducted a business scam in which they would call timeshare property owners and claim to have a buyer or renter ready to purchase or rent properties. All the timeshare property owners had to do was fork over $2,500 in advance fees. According to the FTC, the defendants would take these advance funds and then never deliver on their promises.
The FTC voted 2-0 to approve the stipulated final order, which was filed in the U.S. District Court for the Middle District of Florida, Orlando Division, and has been signed by a judge. The order settles charges against Jess Kinmont; John P. Wenz, Jr.; Pro Timeshare Resales of Flagler Beach LLC; Pro Timeshare Resales, LLC; and J. William Enterprises, LLC, doing business as Pro Timeshare Resales.
The Florida Office of the Attorney General, the Florida Department of Agricultural & Consumer Services, and the Better Business Bureau of Central Florida assisted in the case.