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Legitimate Timeshare Offer (by John B.):

Thank you for the timely response, did a little more search via google and found this-Thanks for the heads up.

ALSO IN CHICAGO: There appears to be another timeshare resale scam floating around that involves the wiring of funds to an “escrow” account in Mexico. The method and paperwork are identical to the fraud I detailed last week in the Mexico section of International News, only the names are different.

So why am I placing this in Chicago? Because the company involved, Lakeview Property Management, claims its address to be 330 N. State Street, Suite 842, Chicago, IL. There’s a problem with that, though. The only business at that address is a 10pin Bowling Lounge.

Another problem is that the company’s website claims Lakeview has been in business since 1991 (originally in Arizona) and bears a copyright date of 2010; but there is no corporation by that name registered in Arizona and the domain name for the website itself was not registered until Oct. 2012.

A quick look through the State of Illinois’ corporate records finds only one company by that name (an LLC) and that company was involuntarily dissolved in 2010. So at the very least it would appear that they are not licensed to do business in either Arizona or Illinois.

There are glowing testimonials on the site, too. Funny thing, though; they are identical to testimonials on at least 4 other timeshare resale-related websites (click on the screen capture at the left of a google search I made for one of those testimonials). Coincidentally(?), each of those 4 websites bears a strong resemblance to the other 3, though not to Lakeview Property Management’s website (except for those testimonials).

Very sloppy work, that, for all five websites. I may have to do some research into those other four companies, too.

The names I know of that are associated with Lakeview Property Management are:

John Pearson (Financial Director) Gary Willard (Project Director) Eric Lopez (Agent) Their website’s domain name is registered to Luis Alvarez in Zapopan, Jalisco, Mexico.

They use BBVA-Bancomer for international electronic bank wire transfers, with the beneficiary being GRAND GROUP DI ALMARESCO SA DE CV. (with a Mexico City address). The beneficiary bank (where the money victims wire is deposited to be picked up by the representative of Grand Group di Almaresco) is a BBVA-Bancomer-Mexico bank in Puerto Vallarta.

This is a heads up for timesharers who own at Mexican resorts. If Lakeview Property Management or any other such company contacts you with a promise of a buyer for your timeshare (at a price far above its actual worth), be very suspicious! Nearly everything they’ll tell you will be a lie!