MANHATTAN CLUB OWNERS FINALLY GET VINDICATION - NY ATTORNEY GENERAL ANNOUNCES $6.5 MILLION SETTLEMENT WITH NY TIMESHARE DEVELOPER THAT SCAMMED PURCHASERS

August 18, 2017

New York Attorney General Eric Scheiderman announced yesterday the largest settlement in the recent history of the Real Estate Finanace Bureau. 

 

The Manhattan Club, a high-end Timeshare in Mid-town Manhattan, misled potential owners regarding their ability to reserve rooms and resell their timeshares and agreed to pay $6.5 million in restitution to owners who purchased timeshare interests, some of whom paid between $10,000 to over $40,000 for their units. 

 

Purchasers were subjected to relentless high-pressure sales pitches and misleading promises, such as ownership in the Club is "better than money in the bank."  They were told that rooms were not rented to the general public, reservations were easy to make, and few restrictions applied, all of which turned out to be false.  

 

Many frustrated owners then found themselves with little choice but to try selling their units for as little as $1 to avoid rising costs and maintenance fees which had risen over 200% in the past 10 years.  

 

In addition to the financial restitution, the owners will be barred from doing business in the timeshare industry.

 

Like these owners at the Manhattan Club, if you own a timeshare and feel that you were subjected to fraudulent statements, misrepresentations, and/or significant material omissions in the sales presentation, your contracts may be legally unenforceable.  

 

For more coverage on the Manhattan Club case, we encourage you to read the stories from the New York Post and New York Law Journal.  

 

 

 

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Click HERE to schedule a FREE Consultation with one of our licensed Timeshare Release Attorneys to discuss your legal options.  We may be able to help you cancel your timeshare contract legally and permanently, once and for all! 

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Led by Attorney Ronald Weksler, Esq., WEKSLER LAW GROUP, PLLC. is a consumer protection law firm that focuses primarily on Timeshare Law. 

 

If you feel you have been victimized by a timeshare company, contact our offices for a free no-obligation consultation.  Talk to a licensed attorney and find out your legal options.  It is important to understand your rights as a consumer.

 

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WEKSLER LAW GROUP, PLLC maintains this website exclusively for informational purposes.  It is not intended to contain legal or other professional advice and does not necessarily represent the opinion of WEKSLER LAW GROUP, PLLC or its clients. Viewing this site, using information from it, or communicating with WEKSLER LAW GROUP, PLLC through this site by email does not create an attorney-client relationship between you and WEKSLER LAW GROUP, PLLC.

 

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No attorney-client relationship - Weksler Law Group maintains this website exclusively for informational purposes. It is not legal or other professional advice and does not necessarily represent the opinion of Weksler Law Group or its clients. Viewing this site, using information from it, or communicating with Weksler Law Group through this site by email does not create an attorney-client relationship between you and Weksler Law Group.

Nonreliance - Online readers should not act or decline to act, based on content from this site, without first consulting an attorney or other appropriate professional. Because the law changes constantly, this website's content may not indicate the current state of the law. Nothing on this site predicts or guarantees future results. Weksler Law Group is not liable for the use or interpretation of information contained on this site, and expressly disclaim all liability for any actions you take or do not take, based on this site's content.

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