Timeshare Marketers To Pay $24M Over FTC Scam Claims

Law360, New York (October 5, 2011, 8:10 PM EDT) -- A Florida company purporting to resell timeshares agreed Wednesday to pay $23.5 million to the Federal Trade Commission to settle the agency's claims it tricked timeshare owners into forking over fees by telling them it had property buyers lined up.

Vacation Property Sellers Inc. also agreed to refrain from telemarketing and from reselling timeshares or marketing itself as a reseller of timeshares. Higher Level Marketing Inc., which does business as Vacation Property Sellers, and HLM officer Frank M. Perry Jr. were also part of the settlement,...
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