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HOT NEWS: AG Settles case with $6.5 million settlement against Manhattan Club (by Chris V.):

i respect carol's comments, but ditto to your response. eichner voided his end of the contract when he lied to purchasers at the sales presentation, and continued to defraud and scam us via his ultra-exorbitant raises in maintenance. there are no qualms about any owner NOT PAYING MAINTENANCE FEES ON A ONE SIDED CONTRACT. all owners must be duly rewarded by the court for our financial and usage losses.

keep in touch.

chris

thomasm832 wrote:

"Character" equals allowing yourself to get scammed and donating thousands of dollars to a criminal enterprise?

Every instance is different but in the case of my parents they haven't been able to use TMC in a number of years and were not able to divest themselves of it as promised, so finally after paying the fees without even using the place for a few years there was no other option (wish they had actually stopped paying sooner). If you want to blame someone for the ridiculous fees blame TMC for their fraudulent operation, not other scammed owners.

About the "reward": It has been stated above that $6.5 M was the amount TMC charged in fees for ONE YEAR, meanwhile they raked in (scammed) many times that over the previous years, and a few hundred dollars for each owner that paid fees many times that each year is not much of a restitution. If there is no other remittance (buyback, etc.), or at the absolute minimum being able to get out of the contract, the judgement is barely a slap on the wrist monetarily and the owners are still screwed.

carole487 wrote:

It shouldn't be forgotten that the owners that continually paid all of their fees and taxes did so at a higher rate in order to support the property when others chose not to pay. Those were people of character whom decided that regardless of Manhattan Clubs owners behavior, they were not going to violate their contracts. Two wrongs don't make a right and those that chose not to pay should not be rewarded.