Four Wisconsin residents have been charged with scamming thousands of consumers out of $2 million in fees to sell their timeshares.
A Milwaukee Journal Sentinel report says the four allegedly cold-called owners of timeshare properties offering to help them sell their properties for a refundable fee. Prosecutors say the group then did nothing to sell the properties and refused to refund their money.
The criminal complaint says the defendants charged timeshare owners anywhere from $200 to $2,500 apiece in fees.
Investigators reviewed hundreds of cases and didn't find a single instance where the defendants' companies sold a timeshare. They say the most the suspects did was post the properties on an internal website.
Authorities say the scam prompted more than 100 complaints from more than 30 states.