While reading an article on Sun Sentinel, Transfer America discovered that thirteen employees at a timeshare resale firm admitted to committing fraud. These employees worked at Timeshare Mega Media and Marketing Group. While working there they constantly lied to clients, who wished to get rid of their timeshares, by convincing them that there were buyers already lined up to purchase their timeshare.

These employees would take thousands of dollars from these owners and told them that this ‘administrative fee’ would be refunded later. Some of these timeshare owners gave this company $10,000 dollars because they were so desperate to get out of their unwanted timeshares. However, it was soon discovered that there were no buyers. The authorities described this company as a ‘naked fraud’. Timeshare Mega Media was run by two convicted felons and according to the Federal Trade Commission, these two men stole about $5 million from timeshare owners in less than a year.

In July 2010, FBI agents raided the company office and arrested those responsible. The FTC then filed a lawsuit against Timeshare Mega Media. Though the prosecutors have just focused on the low-level employees about 15 have been arrested and 13 pled guilty to committing fraud. These employees are still awaiting sentencing. One of the other two employees recently died and the other cut a plea deal.