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DATCP/DOJ NEWS RELEASE: Timeshare Reseller Settles with State
of Wisconsin Regarding Sales Practice Allegations
Release Date: February 23, 2017
Media Contact: Bill Cosh, DATCP Communications Director,
608-224-5020 or Johnny Koremenos, DOJ Communications Director, 608-266-1221
MADISON – The State of Wisconsin has reached a settlement with Uri Fried and
his businesses, The Timeshare Group, Inc. and The Timeshare Company, LLC, for
alleged violations of state law in the marketing and selling of timeshare
transfer and resale services.
The $145,000 settlement includes nearly $32,000 to reimburse 14 affected
consumers; $30,000 to be distributed between seven timeshare owners’
associations; $60,000 in forfeitures and assessments; and $23,000 to reimburse
the State for its costs.
According to the settlement, Mr. Fried is barred from providing timeshare
marketing, sales, disposal, transfer or resale services to Wisconsin consumers
or relating to timeshare resort properties in Wisconsin. Wisconsin
timeshare resorts will be given the opportunity to elect to have any timeshares
held in the defendant’s holding companies deeded back to the resort by the
defendants.
The case against Fried was initiated by the Wisconsin Department of Justice
after complaints from Wisconsin consumers were forwarded by the Wisconsin
Department of Agriculture, Trade and Consumer Protection and the Better
Business Bureau.
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