ORANGE COUNTY, Fla. - For the second time in a week, someone has been arrested for allegedly stealing thousands of dollars from timeshare owners.
Timeshares from Colorado, Las Vegas, Atlantic City, Orlando and Kissimmee were all targeted in a scam being run by Paul McRae, of Orange County, according to authorities.
McRae is accused of setting up a fake company called T&T Services Group LLC and using it to scam almost 40 timeshare owners.
The company was known to call consumers and convince timeshare owners that they would sell their timeshares on their behalf.
A spokesperson for the Department of Agriculture and Consumer Services spoke with WFTV and explained how the scam worked.
“They convinced these consumers to pay taxes, closing costs and legal fees so their timeshares would be sold,” said Amanda Bevis of the Department of Agriculture and Consumer Services. “But their timeshares were never sold, and consumers never received money in return.”
A report shows timeshare owners lost thousands of dollars in the scam.
It’s the second time in less than a week similar scams have been stopped.
On Friday, Michelle Lee was accused of using her company, Gateway Timeshare Consolidators, for the same scam.
If you want to research a company or you think you've been the victim of a scam, the state has a hotline that can help you is 800-HELP-FLA.