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Major IRS Scam and Timeshare Phone Scams

US busts major IRS scam

July 25, 2018 – by Primo Management Group

US busts major IRS scam

Massive IRS Scam reveals many vulnerabilities. So read on to see what happened and how you can protect yourself against this and other phone scams….particularly timeshare phone scams!

The US has broken a massive IRS scam preying on vulnerable taxpayers and what we have learned applies to timeshare scams as well. The perpetrators posed as the IRS and immigration officials used a variety of tactics to defraud people. This enormous conspiracy used phone calls between 2012-2016 to defraud people.

“Over four years, more than 15,000 victims in the United States lost ‘hundreds of millions’ of dollars to the sophisticated scam, and more than 50,000 individuals had their personal information misused, the department said Friday. The money was routed through call centers in India back to the ringleaders in eight states.” (Source: New York Times).

How It Worked

First, the scammers obtained data via various sources including data brokers. They then targeted victims, seeking vulnerable populations such as immigrants and the elderly. Contractors from call centers in India called victims and attempted to get them to pay. Next they used various scare tactics including threats of “arrest, imprisonment, fines or deportation if they did not pay alleged monies owed to the government. Victims who agreed to pay the scammers were instructed on how to provide payment, including by purchasing stored value cards or wiring money.  Once a victim provided payment, the call centers turned to a network of runners based in the United States to liquidate and launder the extorted funds as quickly as possible by purchasing reloadable cards or retrieving wire transfers.” (Source: US Department of Justice).

The US prosecuted the 24 defendants involved in this IRS scam and sentenced twenty-two of them to jail time of up to 20 years.

Protect Yourself Against Timeshare Phone Scams

The timeshare industry is no stranger to phone scams. And timeshare resale scams are the most common timeshare phone scams. These scammers contact people looking to sell their timeshares and tell them they have a buyer ready for them. All the owner needs to do is pay an upfront fee. And the owner needs to act fast or risk losing the sale. Then, once the owner pays, the buyer disappears and the owner loses their money. Like the IRS scam, this scam preys on vulnerable people, like those who are already struggling with their existing timeshare. Consumer Reports recommends these steps to protect yourself:

Don’t pay upfront fees. Fees for property sales are usually paid AFTER the sale.

Don’t send money via wire transfer, cash, cashier’s check, or money order. These types of payments are hard to track and are easily lost!

Do research the company! Because there are so many scams in this industry, always check with consumer groups like the Business Consumer Alliance to see if the business is legitimate.

Do get everything in writing. And consider having a third party such as an attorney review documents before you sign or do anything!

Remember, the power is yours. So, even if you do fall for a scam similar to the IRS scam, take heart! You don’t be embarrassed. So many people, including smart people, fall for scams every day. And if it happens to you, get educated and don’t let it happen again.

(Image Source: Sebastian Pichler on Unsplash)


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Relieve Yourself of the Unwanted Timeshare Burden

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Frequently Asked Questions ?

How does PMG get me out of my timeshare contract?

PMG is not a resale, transfer, or donation company. We are consumer advocates—we help to negotiate the release of your timeshare contract obligation. We do not buy, sell, or rent your timeshare. Simply put, we help you to get out of your timeshare contract forever.

How long does the process usually take?

Usually less than 12 months, but it all depends on your situation. Let us help you. Speak to your advisor about the time, and what delays the resorts have put into place to prevent timeshare owners from departing their ownership. If you have a mortgage or past due maintenance fee, the process takes more time.

How much is my timeshare worth?

This is probably going to hurt, but whether you paid $5,000 or $50,000 for your timeshare, the IRS values all timeshares as worthless investments. In addition, that timeshare would have negative value due to the annual maintenance fee bill which compounds year after year. That is until PMG helps you cancel your timeshare.

Can I use your service if I still have a balance owed on my mortgage?

Yes. Whether you bought your timeshare 20 days ago or 20 years ago, PMG has a solution for you and is here to help.

Will my name be off the timeshare?

Yes! Permanently! GUARANTEED!

In addition to getting me out of my timeshare, can you recover the money I’ve already spent on mortgage payments and maintenance fees?

While we are able to recover money in rare cases, beware of any timeshare cancellation company that entices you with the promise of fund recovery. The truth is, the resorts are loath to give back the money they’ve already taken for timeshares.

Are your consumer advocates really “consumer advocates”, or is that just a fancy word for salesperson?

Because most of our clients have had their trust betrayed by timeshare salespeople, we understand how some consumers can become a bit jaded. When you call us for a consultation, that’s exactly what you get, a consultation. At PMG, our job is not to sell you; our job is to help you get out of your timeshare. Which is why we have numerous 5-star reviews and an “A” (excellent) rating from the BCA.

Why should I choose PMG to get me out of my timeshare?

We go above and beyond for our customers by helping to protect you, and have the best success rate in the industry, rated 5-stars by clients. We pride ourselves on providing our customers with the best customer service in the industry. When you contact our company, you speak to a live person, not an automated system or voicemail. We offer a 100% money back guarantee, and we can provide documented proof of our success in helping customers just like you.

What happens after I sign up with you? Will I be apprised of your progress?

At PMG, we pride ourselves on our hands-on, boutique-style customer service, so every new client will work with our expert, experienced team whose job is to keep you in the loop throughout the entire cancellation process. We are always just a phone call away.

How much is your fee?

Not all timeshare experiences are created equal. Some are more complicated than others, and every situation is different. That’s why our trained timeshare elimination consultants will ask you a series of questions designed to determine exactly what needs to be done to terminate your timeshare, how long it will take, and how they can best advocate for you. We will always seek the most cost-effective route for you.

What if I still have more questions?

Canceling a timeshare contract is not a cookie cutter process. With each situation being unique, once you complete the form below an experienced consumer advocate will call you today to discuss your options.