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Re: Manhattan Club Lawsuit (by Alvaro L.):

Hello everyone,

We’re a family from Costa Rica and we’ve owned 3 weeks in the Manhattan Club for more than 10 years. We received a few days ago three letters from the State of New York Office of the Attorney General which stated:

Dear XXX,

In accordance with the Assurance of Discontinuance dated August 14, 2017, the New York Office of the Attorney General is pleased to enclose your share of the second payment from the settlement with The Manhattan Club and its Principals. This amount reflects payment for your pro rata share of all maintenance payment made in 2018.

Very truly yours, Louis M. Salomon Chief of Enforcement Real Estate Finance Bureau

Additional to each letter were enclosed checks for $173.21 each from the Better Business Bureau of NY.

The letters and checks were drafted on January 17, 2020 and they were sent by snail mail to Costa Rica, so obviously took like 9 months to get here and the checks are now void. Not only did they pay us petty change for the financial fraud that we have all been subject to, but they even found a way to not even pay that laughable amount. They are crooks!

Did anyone else receive such a letter? We paid each year over $9.000 in maintenance fees up until this year and we typically used our weeks, but obviously with the pandemic this year we are not going. When we contacted them to verify if there was any assistance with the maintenance fees given the border closures, lockdowns, and the pandemic, they offered nothing. Therefore, we won’t be paying them anymore, as renting for a month via Airbnb or staying at a 4 star hotel is cheaper for us. We love visiting NYC. We also contacted the attorney Mr. Zimmerman in charge of the lawsuit and they asked for a fee of $3000 for representation, which is reasonable. Nonetheless, given what we have read here in the forum about the deal that the former AG agreed with Eichner we have no trust or hope in the US justice system and prefer to waive our investment. We could care less if they foreclose us or affect our credit rating in the US...those crooks ain’t getting a single penny from us! We just wanted to share this information that we received if it helps you folks from the US that may get affected by a foreclosure and a downgrade of your credit score. God bless and hope that you are all safe and well during these tough times!