Tags: Florida | timeshare | fraud | probe

Fla. AG's Priorities Questioned Over Timeshare Fraud Probe

Tuesday, 18 Oct 2011 11:39 AM

By Andra Varin

Florida Attorney General Pam Bondi has announced a crackdown on timeshare resale fraud, but critics say her time would be better spent going after Medicare fraud, prescription “pill mills” and "robo-signing" on foreclosure orders.
 
Bondi says her office has received 19,000 complaints about timeshare resale fraud in the past two years, making it by far consumers’ largest complaint. She has joined two Republican lawmakers in sponsoring the Timeshare Resale Accountability Act, The Miami Herald said.

But critics say the bill is being pushed by a Washington-based timeshare trade group called the American Resort Development Association (ARDA), which has given the Republican Party $281,787 this year.

Timeshare groups praise Bondi’s focus, but Barry Ritholz, CEO of the investment research firm Fusion IQ, told the Herald he questioned why Bondi wasn’t concentrating on more high-profile consumer issues.

“If she thinks that timeshare fraud is where they should be directing their attention, that reflects poorly on the people of Florida,” he said.

Florida has the nation’s largest timeshare industry, with more than 400 resorts and about $2.2 billion in annual sales, according to ARDA’s research arm.
 
A growing with a growing number of companies have been promising to sell owners’ unit — for a large upfront fee — and then failing to follow through, law enforcement officials say.

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Kentucky Senator Brandon Smith Wants Out of DUI With Immunity Law

Friday, 23 Jan 2015 19:20 PM

Kentucky state Senator Brandon Smith, arrested earlier this month on a DUI charge, is making an effort to get the charge . . .

School Bus Pentagram? Woman Outraged Over Satanic Brake Light Symbol

Friday, 23 Jan 2015 18:53 PM

A Tennessee woman is outraged after spotting what she says is a satanic pentagram formed by the brake lights on a school . . .

Rapper Tiny Doo May Face Long Jail Sentence Over Lyrics

Friday, 23 Jan 2015 18:10 PM

San Diego rapper Tiny Doo is facing a possible 25-year prison sentence for his violent song lyrics under a little-known  . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved