Warning: Sending A Wire Transfer To Mexico May Cost You
It has come to our attention by way of internet reports that many Americans and Canadians are individually losing thousands upon thousands of dollars due to various Bank Wire Transfer Fraudulent Scams operating from so called !!Boiler Rooms!! within the country of Mexico. The angle of the various fraudulent scams range from a “potential mark” being solicited for the resale of the Mexico timeshare purchased some time ago, to being offered a substantial discount in exchange for agreeing to pay off the remaining balance owed on the timeshare contract, to being told that the Mexican Government itself has set up a fund to reimburse timeshare owners, and more. The amount of money individual households are losing on a daily basis is staggering and has now caught the attention of High Level Officials in the U.S., Mexican, and Canadian Government. Unfortunately, this type of scam has been growing over the past few years with the alleged perpetrators constantly changing their company names and websites in order to stay ahead of the negative press of the old company name and the pursing authorities. The one and only way to truly protect yourself is to NOT get hooked by the scammers. It is important to know what the signs are so if ever solicited via the phone, post, and/or email you are not caught off guard and make the crucial mistake of getting sucked in and ultimately losing thousands upon thousands of dollars in the end. This described unfortunate ending can only take place if beforehand the “potential mark” begins to break down and believe the scam artist’s crafty story since everything sent to the potential mark appears to look and sound “legitimate”. If ever a time to be guided by the age ol’ saying, “If it sounds too good to be true then it most certainly is” it would be exactly at the time of being solicited.
How To Spot The Wire Timeshare Fraud Before It’s Too Late!
The Red Flag right off the bat IS the very fact that YOU are being solicited and have not reached out to the company contacting YOU. in one of two ways. either by way of phone and/or mail. The very important point that YOU are being solicited means that the company calling you has received your information either by paying for a Mexico Owner Timeshare database list or via a criminal enterprise who is somehow able to gain access to private contract information. If the person contacting you knows your contract information to the letter then you can safely assume that your personal contract details have been compromised and have been given or sold to a third party. If the person who contacts you only knows that you are an owner of a Mexico purchased timeshare then it is “safer” to assume that your name was listed on a purchased list of Mexico timeshare owners. Simple Rule: Receiving an UNSOLICITED Phone Call, Email, and/or Mail Parcel is cause for great concern and the utmost caution needs to be taken or you could end up losing thousands upon thousands of dollars as well as many sleepless nights!
What May The Scammers Be Offering Me During the Unsolicited Phone Call?
During the solicitation via phone and/or mail you may be offered a considerable amount of money for your Mexico purchased timeshare. In fact, the company may present to you that they already have a fictitious buyer who has signed a letter of intent to buy your timeshare at an exceptional price! Caution: Do Not Get Greedy! They may also tell you that there are no upfront payments or fees that must be made due to wanting to appear legitimate. All of this is intended to allay a client’s fears so that a client begins to lower their “protective scam guard” so to speak. That is because in the end, the potential “mark” will be asked to Pay Something. Whether it be for a supposed government tax or something else a certain amount of money will be “required” of the potential “mark” to be Wired to a bank account in Mexico. It may be that the wire to Mexico is effected via a U.S. Bank, but be sure to observe that the final destination of the wired funds will state Mexico on the wire instruction information.
- If you have recently purchased the Mexico timeshare and have yet to pay the balance owed then the solicitation will generally be directed at paying the balance owed on the contract. The hook will be presented as YOU, the client, will receive a rather considerable discount if you pay off the balance owed earlier than the date that is printed on your contract. You will then be given bank wire transfer information to effect such payment!
- In the end, since MOST club selling operations are unaware that your contract details have been compromised they will inevitably send notice that your contract payment is still owed or is now past due. Most all timeshare/ club selling operations will still want to be paid the balance owed on the contract and can even legally pursue performance of such payment due to the fact of the signed contract. We imagine that in the majority of cases, the client ends up paying double the amount that was originally owed in order to safeguard their impeccable credit score. Important Note: Always Call the timeshare resort’s Home Office in order to VERIFY the validity of the presented information or offer.
What Steps Should I Take If I Solicited By a Mexico Timeshare Bank Wire Scam Outfit?
First off, If you are contacted you should ask first and foremost, how did the person calling you receive your personal information? Second Step should be to contact the Mexico Timeshare Resort and speak to their customer service personnel and ask them about the company contacting you and how they received your personal information? Third Step is to provide your Mexico Timeshare Resort the company name and phone number of the person(s) that contacted you as well as any additional pertinent information that you have taken note of. Fourth Step (only if necessary) contact and inform your State Attorney General and/or Local Law Enforcement and possibly the Office of The FBI of the scam attempt you experienced OR fell victim to and provide their office with all the necessary information. This step can also serve to help others from having an unfortunate financial experience in the days or months ahead by the same scam outfit.
If you feel that you wish to cancel your Mexico timeshare purchase, Download Your Free Complete Step-by-Step Guide Today! Take control of your timeshare purchase….Never forget that in the end, YOU are the PAYING CLIENT!