latest newsOffer to buy timeshare for over $1 million turns out to be...

Offer to buy timeshare for over $1 million turns out to be elaborate scam using phony business address

CHICAGO (CBS) — A suggestion sounded too good to be true – in what ought to have been a sufferer’s first clue that one thing wasn’t proper.

The supply got here from an organization claiming to be from Chicago, and offered prospects for a heavy revenue for his timeshare.

CBS 2 Political Investigator Dana Kozlov dug into it and located an elaborate rip-off, an area street to nowhere, and a person who misplaced tons of of 1000’s of {dollars}.

Timeshares can shortly go from heaven to headache. So when somebody with a purported Chicago-based firm known as Intercontinental Realty known as the proprietor of a Cancún, Mexico timeshare – saying they may promote if for $1,081,218 – he was .

However he was additionally skeptical.

“On the time, it appears like a rip-off. It appears like there’s one thing fishy,” the proprietor stated. “It’s essential to know upfront – I am suspicious.”

However that worker began offering the proprietor – who doesn’t wish to be recognized – with paperwork and ensures that lastly satisfied him to go forward with the deal.

“Subsequent factor you realize, we obtained a telephone name that, ‘With a view to course of this factor, it is advisable pay a price,'” the proprietor stated.

The proprietor says the enterprise despatched him elaborate emails and documentation, however the requests for cash went on and on – till the proprietor discovered himself out greater than $300,000.

“Foolishly – I imply, I’ve to inform you, Dana – greed drove this factor. I saved – the little voice behind my head saved saying, ‘There’s one thing not proper right here,'” the proprietor stated. “However that million {dollars} saved waving at me.”

For the reason that firm’s web site says it’s positioned at 7 W. Madison St. within the Loop, the proprietor employed Chicago private investigator Joe McGreal to do some digging.

“Instantly throughout the first hour, I knew it was a rip-off,” McGreal stated.

McGreal started speaking with Intercontinental Realty’s supposed workers.

“I supplied to satisfy with them. We arrange three completely different conferences,” McGreal stated. “They by no means confirmed.”

So McGreal went to 7 W. Madison St. – the tackle listed on Intercontinental Realty’s web site.

“There are not any actual property brokers there,” McGreal stated. “There is no workplace there.”

CBS 2’s Kozlov checked out that tackle too. She discovered 7 W. Madison St. is a dorm for the Faculty of the Artwork Institute of Chicago. Kozlov confirmed with an SAIC spokesperson that no tenant or enterprise known as Intercontinental Actuality is positioned there.

So she tried calling the quantity on the web site for the enterprise. There was a voicemail claiming to be for Intercontinental Actuality, however nobody returned our calls.

Nevertheless it would not finish there. The paperwork within the proprietor’s case repeatedly reference funds being wired to or being dealt with in Mexico.

“Every part comes again to Mexico,” McGreal stated.

So McGreal took the paperwork given to the proprietor to the Mexican Consulate. He says a consulate official confirmed they have been cast.

“It seems to be official, and it is troublesome for victims to find out that it is faux,” McGreal stated.

“It was a really, very elaborate rip-off,” the proprietor added.

And he’s not the one sufferer. Seven different complaints have been filed with the Illinois Lawyer Common about Intercontinental Realty, and a few of these victims are out 1000’s and 1000’s of {dollars} too.

“We would wish to make everybody conscious of the rip-off,” McGreal stated.

Each McGreal and the scammed proprietor consider there are various different victims on the market. McGreal hopes they are going to come ahead to assist catch the rip-off artists.

He says Mexican Consulate officers are additionally investigating, however nobody from the consulate replied to Kozlov’s emails or calls.

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