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Re: Manhattan Club Lawsuit - alert - Resale scammers are on the prowl (by Chris V.):

monica, so sorry that you and dad are involved in such a disgraceful situation. if i/(we as redweek.com...manhattan club forum) can be of any reasonable assistance to both of you, please indicate what you suggest we can do to help.

keep in touch,

chris

monicab99 wrote:

I am an attorney and the daughter of an owner. Unfortunately my elderly father has experienced a flood of inquiries trying to take over his 'obligations' by having him pay them thousands of dollars as a broker, with a fine print six page contract that does not seem to create a transaction at all.

He will not send me the contract - but the salesman came to his home on Friday evening and persuaded him (despite his protests) that he can sign and pay with a credit card because he is protected by NYS Consumer Protection Laws. Unfortunately, the salesman is now 'unreachable' for my Dad to cancel the contract. I will help him send a certified letter to cancel it, and he hopes to get his credit card company to refund his money (another topic for another day, on elderly people becoming victimized by online sales)...

In the meantime, here is a link to a law periodical article, and below that to a NY Post article describing the essence of the announcement, and below it, my assessment of what it means. Any comments, insights?

http://www.newyorklawjournal.com/home/id=1202795826489/Timeshare-Company-Ordered-to-Pay-65M-in-Settlement?mcode=1202617075062&curindex=0

http://nypost.com/2017/08/17/new-york-ag-reaches-6-5m-settlement-with-manhattan-club/

(this says that the timeshare owners will share in the settlement, which would be nice. The biggest value to the settlement is that the owners will have to get out of the management of the hotel/timeshare and there will be honest leadership for the first time. Part of the reason for the suit is not just the fraudulent sales - it is also that the owners have been using the assets of the hotel as their personal bank account, in egregious examples of theft and dishonesty. Score one for the good guys!!).

And of course, THANK YOU so much to the owners who continued to press the AG's office, sent documentation, and participated in making it clear the size of this enormous fraudulent criminal enterprise. You can email me separately at monicarb@comcast.net.

Best of luck, Monica