Resort Solution Trust Receivership
Federal Trade Commission v. Resort Solution Trust, Inc., Lincoln Renwick II & Anthony Talavera, Case No. 8:13-cv-1329-T-33TBM (U.S.D.C., M.D. Fla.)
The Federal Trade Commission (“FTC”) brought a civil enforcement action against Resort Solution Trust, Inc. (“RST”) and the individual defendants in the above-captioned case (the “FTC Action”), alleging that RST was operated as a deceptive telemarketing and timeshare resale scheme. On May 20, 2013, the United States District Court for the Middle District of Florida issued a Temporary Restraining Order and appointed Burton W. Wiand as receiver (the “Receiver”) for RST. On June 11, 2013, the Court entered a Preliminary Injunction against RST and the other defendants in the FTC Action. Copies of these documents can be downloaded below.
As a result of the Court’s Orders, RST was exclusively under the Receiver’s control. The Receiver analyzed RST’s activities, books, and records and terminated its operations, given the allegations of fraud and deceptive practices in the FTC Action.
On July 24, 2014, the District Court entered a stipulated Order for Permanent Injunction and Money Judgment against RST and the individual defendants. Shortly thereafter, the District Court closed the Receivership.
Any inquiries relating to RST or the Receivership should be directed to Jared Perez at (813) 347-5114 or firstname.lastname@example.org. Additional information about RST is available from the Federal Trade Commission.
Callers target timeshare owners for a second scam
By Harold Kirtz
Attorney, FTC Southeast Region
In June 2013, the FTC sued several companies that scammed timeshare owners. The companies claimed they had interested buyers for timeshare properties. In fact, if timeshare owners paid, they found out there was no buyer — and they couldn’t get a refund.
Now, somebody is trying to rip off those timeshare owners again. Several people who previously paid Resort Solution Trust have reported to the FTC that someone recently called them claiming to be an attorney working on a case against the company. The caller said the timeshare owner was eligible for a refund of between $1000 and $4000 – if they first paid a “bond” or “fee” of around $800.
It’s a refund scam, designed to get more money from people who lost money from the original timeshare resale scam. People who pay will lose more money.
Unfortunately, the FTC did not recover enough money from Resort Solution Trust to return funds to consumers. In cases where the FTC is able to refund money to people who have been scammed, it does not require any type of payment.
If you know anyone who lost money to a timeshare resale scam, please let them know that scammers may call claiming to get their money back if they pay a fee. If you get such a call, report it to the FTC, or you can call Harold Kirtz at the FTC directly about the refund scam involving Resort Solution Trust at 404-656-1357.