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Re: Manhattan Club Lawsuit-Early Maintenance Fees

I posted the following comment a month ago, but I think it warrants repeating as I see new Manhattan Club victims joining this site. " I really got an education when I found the RedWeek site over a year ago, and reviewed all the pages of postings, which now number over 100 plus pages of postings. That's literally thousands of complaints. I've been following the RedWeek site since then, and the majority of owners have the same complaint; for years, despite paying our fees, we have been routinely cheated out of the use of our timeshare while the Eichner family and a small circle of TMC insiders have enriched themselves at our expense. The icing on the cake for me and my wife, and what finally convinced us to stop paying TMC, was when we read the NY Attorney General's July, 2015 court filing, which itemizes a remarkable list of allegations of civil and criminal conduct on the part of The Manhattan Club. This includes the charge that for years, Eichner has been personally skimming 4-6 million dollars a year from TMC through a shell management company that had no employees and provided no services to the operation of the timeshare property. In reading through the filing, I got sick as I learned how badly we have been cheated and how unscrupulous and devious the principals at TMC were as they perpetrated their fraud against us, in our case, for over 10 years. The enormity of the fraud and the magnitude of the numbers is staggering... at least 14,000 owners, 250 rooms, 52 weeks a year ( in some cases they actually sold more than 52 weeks!) at $2500-$4000 annual maintenance payments each. If you haven't already read this court filing, it is a MUST read for any Manhattan Club owner. Here is the link to that 2015 AG court filing: You may have to paste it into your browser. https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=arMAhc2Z8epneiTXUbb_PLUS_yQ==&system=prod By simply withholding two years' maintenance payments, I'm nearly $5,000 ahead. Knowing what we now know, I'm amazed that anyone would voluntarily continue to send these crooks money. Revoke your credit card authorization, stop sending checks, stop funding the people who are screwing all of us." As far as consequences for non-payment, TMC is explicitly PROHIBITED BY COURT ORDER from taking collection action against you. We financed the purchase of one of our units and have stopped paying on that note in addition to not paying maintenance. TMC posted a negative comment on our credit report, but I was able to get it removed when I proved to the credit bureau that they were posting negative comments submitted by an organization that was itself under criminal investigation by the NY attorney general. Bob Biello