State joining crackdown on timeshare fraud
CHARLESTON, W.Va. -- West Virginia is joining a federal and state initiative to combat deceptive travel promoters and timeshare resellers.
Federal officials said more than 190 criminal and civil actions have been brought nationwide to combat the rising problem of timeshare resale fraud.
The Federal Trade Commission said complaints about timeshare fraud were more than double in 2012 compared with two years earlier.
The cases usually involve telemarketers who claim to have buyers for timeshares but demand thousands of dollars in upfront payments. The buyers usually don't exist, and the fraudsters keep the money. In West Virginia, Auditor Glen Gainer issued a cease and desist order against a company that was engaging in this fraudulent activity from U.S. Post Office boxes in both Wheeling and Morgantown.