Hi all - in 2005, the Public Prosecutor took one
Tan Miah Soong to task and successfully prosecuted him for cheating
under the Penal Code for timeshare scam because his victims filed
compliants to the Commercial Affairs Department. (Reported case
[2005] SGDC 97)
Most of the timeshare companies are all related one way or
another - it is a shell game - you start off with one, then say
that the first co is in trouble and persuade people who signed up
with the first to sign up with a second co, collect more money,
then say that the second co is in trouble or offer some super
attractive money back cash reward scheme which no one seems to
understand (how does $5,000 become $50,000 in 2 years?! Come
on! If it were so easy, there would be no poor people!) to
get people to sign up for the third saying things like no one is
authorised to cancel your agreement with the second co but the
third etc and collect more money for their "service"..... it is
never ending.
Have not heard of them daring to sue in the Courts if their
"members" dont pay the instalments or so called balance on the
agreements, although they always threaten to - cos it is unlikely
they'd be able to present a case since they are scamming people
anyway, and would not want to expose themselves in the legal arena
that way. They do however harass and threaten and go to the
extent of scaring people with legal terms or say that your children
will have to bear the financial burden - and most people for some
reason or other cant think straight at that point and end up paying
more and more.
Maybe pp can join and find a lawyer to file a class case?
Can spread cost and see outcome to put a stop to it all.
Before you buy - THINK - will you really spend that much if you
were to pay as you go? Do you really save? Does it
really cost that much if you were to go to a proper travel
agent? How much did you spend on your holidays so far?
Just remember, there is no free lunch so any incentive such as
promises to sign u up for cash rewards and all are just mere
promises. Why do they need you to sign that you signed up
because you were comfortable and not under duress? Why are
their agreements all about payment only and how they will come
after you if you dont pay? Why are the most important terms
to you as a consumer - like details of what you get are so
vague? THINK! Has anyone actually gone on holiday with
the package?
Good Luck!