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Class Action Against Diamond Resorts? (by Irene P.):

Diamond has a class action ban written into their contract. Those who experienced arbitration report that it is a Kangaroo court disaster.

Kathryn, Please consider joining the Diamond member-sponsored Facebook Group launched in 2017 now over 5,000 members. There is an organized effort to reach out to lawmakers and the media. I have heard from someone prominent in media who reported being duped in Las Vegas by Diamond agents. A project is being developed, but not specific to Diamond Resorts. https://www.facebook.com/groups/DiamondResortsOwnersAdvocacy/

Apollo was founded by Leon Black. Mr. Black was a Drexel Burnham Lambert banker. The DBL bankruptcy in 1990 resulted from a $650 million fine for securities fraud. It was then Mr. Black reformed as Apollo. Michael Milken was a famed DBL junk bond trader who was sentenced to 10 years in jail for securities fraud. He served 22 months. Diamond CEO Michael Flaskey promoted the Milken Institute during his interview with Maria Bartiromo a few years ago, and video productions have been made for Diamond by the Milken Institute. As a former DBL client, I was not amused when I learned the tiger changed his diet. Mr. Black likely could not go back into junk bonds, so replaced junk bonds with timeshare contracts that are even better (for him). Junk bonds have some value. Timeshare contracts you pay Diamond $1000 per contract to take back. Apollo is the third largest private equity fund in the world. We have three contacts you could write to at Apollo about your misgivings. One is their reputation management firm.

Facebook posts and Forum posts accomplish nothing but are important to give people an outlet. Hearing horrific stories daily from angry timeshare members and owners, over 2,000, including over 300 veterans, I understand this. We have interested lawmakers, but we need people to join our efforts. There are a lot of us now working to affect change. I never know when my family is to be destroyed, they have the money and power, so I have been recruiting volunteers since I witnessed a horrific and predatory timeshare presentation in Florida in 2015. I worked 30 years in sales. Never would I imagine such tactics. We did not buy, but the experience resulted in my being interviewed on national FOX. Members have been contacting me ever since, and thanks to Diamond, I inadvertently ended up a contributor to Jim Cramer of Mad Money, TheStreet. They published my article about Apollo on the Yahoo News Feed read by 15,000 the first day. That was the first I heard from Diamond. TheStreet stood by me.