2 More Telemarketers Charged In $30M Time-Share Fraud

Law360, New York (September 22, 2011, 10:30 PM EDT) -- Two more men were indicted in Illinois federal court Wednesday for their roles in a two-year time-share resale scam that prosecutors say swindled more than 22,000 people out of roughly $30 million. 

In the indictment, filed in the Southern District of Illinois, prosecutors alleged Joseph Grizzanti and Kenneth Foote participated in a fraudulent time-share resale scheme as telemarketers for Creative Vacation Solutions in 2009.

In the scheme, they raised thousands of dollars from time-share owners in the U.S. and Canada for purported sales of their time-share...
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