Wyndham Wyndham Vacation Resorts, Wyndham Vacation Ownership, Stephen P. Holmes, Franz Hanning, Scott McLester, Ryan Morettini, Timeshare Fraud Wyndham's Real Timeshare Scam Parsippany New Jersey
We all know how Wyndham preys on aged retirees to peddle their worthless timeshare points - but there is an even more devious method to their madness. Wyndham is getting all of their owners to trade-in their deeded timeshares for CWA timeshare points, enabling Wyndham to fleece the same owners yet again. Under the new points regime, Wyndham can dilute owners buying power at will by charging more and more to stay at their resorts, and by renting out the same points/resorts (theirby competing with the timesahre owners). Under a points only system, Wyndham can over sell every resort like its printing its own money. As a result, owners find it harder and harder to get a reservation at a prime resort.
To add insult to injury, once Wyndham takes back your deeded timeshare, they no longer have to give you due process before repossessing your property. Without the protections of the foreclosure process, Wyndham can now just push a button and turn off your account for anything - from nonpayment of dues to complaining.
Owners need to rise up and stop this greedy company!
1 Updates & Rebuttals
Concerned Consumer
Atlanta,Georgia,
Wyndham Fleeces Elderly For Personal Gain
#2Author of original report
Wed, December 03, 2014
The following are the latest news reports on Wyndham's Timeshares. I wonder how terrible Eugene Podesta from Baker Donelson must feel in defending these fat cat corporate millionaires on Television. Every dime Wyndhams executives and directors make has come from seniors on fixed incomes who cant afford to buy timeshare points. The following officers and directors have made millions in their very own pump and dump scheme - Stephen Holmes, Franz Hanning, Scott McLester, Gail Mandel, Nicola Rossi, George Herrera, Brian Mulroney, Pauline Richards, Michael Wargotz, James Buckman, Myra Biblowit, Thomas Anderson, Thomas Conforti, Mary Falvey, etc.! Wyndham's General Counsel, Scott G. McLester, who knows exactly whats going on, just sold nearly 7,000 shares of his stock for $83 a share, netting him an easy $570,000! You people are pathetic. Contrast Wyndham Insider's Millions with the poor elderly people scammed by Wyndham.
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