Orlando Florida police raided 9 different timeshare resale offices in the Orlando area on Wednesday and taking 17 people in for questioning.  The locations and business names have not been disclosed, however one company that was raided was that of Jams Management.  Orlando police did say that all 9 companies are related and may be related to other timeshare resale companies being investigated.  Investigators with the Economic Crimes division of the Orlando Police Department took away boxes of papers, computers, dry erase boards and other non disclosed boxes of evidence from these timeshare resale companies. Two automobiles were also seized and brought in as evidence from one timeshare office. No arrests have been made, but Orlando Police say that can change in the near future. Just how much money these timeshare companies were making is unknown at this time.

Timeshare Resale Industry Hit Hard

If this is not an eye opener to the state of Florida showing just how bad the timeshare resale industry is, then we do not know what is.  These timeshare resale companies move from office to office, changing names, websites, phone numbers to try and hide their identity to keep operating.  They collect upfront fee’s calling them various things from marketing fees, advertising fees, appraisal fees, and more to keep their merchant account happy and not lock them out from processing credit cards.  Not to mention by making these changes as often as some of these timeshare scam companies do, they hide in the shadows and continue to prey on innocent timeshare owners who are truly looking to sell or even rent their timeshare property.

If and when more information is available regarding the timeshare companies involved in these raids, we will post them on the site.  You may view images of one raid that took place on Lake Ellenor Drive at WFTV’s website.

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