Hudson resident seeks other victims of time-share scheme
A Hudson resident is hoping for some type of satisfaction a year after writing a $9,900 check to a company that promised a return on the investment, but hasn’t been heard from since.
The man contacted the Star-Observer recently in an attempt to contact others who fell victim to the scheme. He wanted in remain anonymous, in part, out of embarrassment.
According to the source, a group of salesmen representing a company called R&R Venture Group out of Las Vegas set up shop at the Hudson Perkins Restaurant for a week in late January 2013.
For a payment of $9,900, the company said it would take over people’s vacation property time-shares and pay the annual maintenance fees for them.
In return, the time-share owners would receive points from another company named Excess Property Solutions from Morris, Ill., that could be converted into cash or used for services from a third company, Vacation Services International (VSI) of Portsmouth, Ohio.
The Hudson man said he was told he would receive 120,000 points for his time-share and was promised a payment of about $12,000 in six to eight months.
“It all sounds just crazy now, but back then it sounded so damn good,” said the source, who said he normally is very careful in his financial dealings.
He said his time-share had become an “albatross” with annual fees and occasional charges for repairs, so he was vulnerable to the pitch.
The R&R Venture Group reps said they rented the time-shares to media companies and others needing places for their people to stay.
The source said seven or eight R&R Venture Group reps were at the Hudson Perkins during the week last January. Earlier, the company had placed calls to time-share owners in the region inviting them to come to the restaurant for a free meal and to hear about the business offer.
The source said he and his wife met twice with the R&R reps. He said the room was crowded other time-share owners each time. He estimates that 200 to 300 of them heard the offer.
“These guys are pretty slick about what they do,” the source said of the salesmen. He said they were all males, 25 to 35 years old, well-spoken and very nice.
“They were a group of thieves, basically,” he added.
After handing over the check, the source never heard from the men again. He didn’t receive any follow-up e-mail or letters. When he called the phone numbers on the business cards, they were disconnected.
The source said he would like to get together with other individuals who were bilked and talk about what legal recourse they might have. He said he knows of a River Falls man who also lost money.
The source hadn’t contacted authorities yet, but said he was planning to.
Sgt. Glen Hartman of the Hudson Police Department said he would encourage anyone who wrote a check to the company to contact the department at (715) 386-4771.
Hartman said that if R&R Venture was a legitimate company that went bankrupt, authorities may be limited in what they can do to help the victims. But the police department would be happy to look into the matter, he said.
“I’m sure he’s not the only one who has been scammed,” Hartman said of the Hudson resident.