Southwest Business Brokers Reports & Reviews (3)File a complaint
Total money lost $51,200
Type of a scam Travel/Vacations
I am a victim of Time Share Fraud perpetrated by Marjorie Sellier, Broker and Anthuan Romano, Legal Representative of Southwest Business Brokers and Raymond Norman, Chief Executive Officer of Title Executives, LLC. I was contacted by Marjorie Sellier to sell my timeshare of Grand Mayan in Mexico at 56,800$ U.S.. I signed contracts with both firms after which I was turned over to Raymond Norman from Title Executive. He send me a reimbursement guarantee form confirming that the total amount he is requesting is the sum of all refundable expenses added to the original rental price offered, which is to be delivered in one exhibition as payment to me. Title Executives, LLC has received the funds from lessee and presents this documents as proof of deposit into my account. Title Executives, LLC will hold all the funds until completion of the transaction is fulfilled. Therefore Mr. Norman requested 5,600$ for Transfer fee, 3,000$ for commission, 6,500$ f,or Closing and Administration, 11,500$ for third party Administration, 7,980 for non resident fee, 9,000$ for double taxation. I requested proof the other side of the transaction had made deposit without any result. However I received a Guarantor Letter from Southwest Business Brokers confirming that title company will provide defray of the full monetary amount in my favor considering they receive confirmation of the deposit. All funds demand were made on short notice with the threat that if I didn't deposit the additional funds, I would be in default and would lose deposited funds. All this fraud began on May 30, 2018 and ended in August when I refused to put in more funds. I received a cancellation contract since I asked for it even if I accepted they keep 38% of the total amount deposited by me, but these contracts are not valid. I wanted to send an amount to Title Executives once by Purolator but said no, no, no, we can,not accept it. Now I understand why, their civic address is wrong. Also another time, they asked me to send an amount to Vancouver instead of Mexico since they were not receiving my amount apparently. However I was able to contact the woman in Vancouver by phone, when I asked her what she was doing with the money she receives, she told me she had to send it to Mexico. She was also a victim of the timeshare fraud of 80,000$ approximately. The RCMP blocked her bank account, she gave me the police report number and I called them. They told me there is nothing they could do. I don't understand why our local police or the Antifraud Centre or the Embassy could not help. I am discouraged.
Victim Location 29909
Total money lost $400,000
Type of a scam Travel/Vacations
Do not send them your money! They offered to lease my time share in Mexico. But instead of sending me money they kept asking for money for fees, taxes,insurance, commissions, capital gains FBAR penalties. They threatened me that if I didn't pay they would sue me. Over 15 months they kept promising me to pay me and close the contract. I never received a dime and I have sent wires to a number of Mexican banks in excess of $400,000.My lawyer said it was a sophisticated fraud. I have been involved with 16 people, 5 Businesses in 3 US states and Mexico.They keep moving my account between US banks and Mexican Banks. Bank of the West in the US just questioned SouthWest about the use of the money and they were told they were for airplane parts.They are very smoothe and you think its on the up and up. They are crooks. Don't give them your money.
Victim Location 93446
Type of a scam Rental
I was contacted several times by Patrick Young of SWBB by phone to rent my timeshare at Acapulco Mayan Palace for one week a year for 8 years at a rate of $5,700 per week or $45,600. The monies were to be placed in an escrow account at Title Executives (*** *** (201) 351-8558) and distributed first to my account and then by my approval to the SWBB Patrick Young a commission of $4,104.00. I would be required to pay $5584.00 in maintenance fees and would authorize that only after funds were verified and cleared as a deposit in my account. In speaking to *** *** on 4/20 he stated that they were an international title company authorized to do business in Mexico and he had received two deposits in escrow. One for the rental $45,600 and one for $5584 for the maintenance fee. Yesterday (4/23) he stated that he would send me copies of 1) The rental agreement 2) A reimbursement guarantee 3) A satisfaction compliance document - to be dated and signed by me when the funds cleared my account and were authorized to be distributed to other entities 4) My bank account routing information and 5) Wire transfer information for maintenance fees to a bank in Mexico. RED FLAG! I told him I was not comfortable sending money to Mexico and would investigate their legitimacy online. He sent me this link to attest to their credentials - https://www.njportal.com/dor/businessnamesearch/ The link had no information about their business as well as New Jersey BBB. I searched the ScamPulse.com in Oklahoma and found this complaint:
We were contacted by SouthWest Business Brokers (***), Mr. *** *** on 7 January 2018 with an offer to sell a Timeshare Unit on behalf of the owner. We signed a contract to sell a Master Suite at Mayan Palace Regency with SouthWest Business Brokers on 9 January 2018. The offered sale price... was $36,470.00. As per contract a commission of $3,282.30 had to be paid by the owner of the property. *** also verbally requested the sum of $3,647.00 Maintenance Fee to be paid. Detailed payment schedule via Wire Transfer to All Holding Services Mex S.A. de C.V., Banco de Bajio S.A., Colima, Mexico: 11 Jan 2018 $3,647.00 Maintenance Fee 12 Jan 2018 $3,280.30 Commission *** 17 Jan 2018 $7,622.23 Taxes 23 Jan 2018 $5,500.00 Mexican Attorney Fees 08 Feb 2018 $5,856.32 Excess of Income Tax On 2 Feb 2018 the owner of the property received a Guarantor letter from *** stating that upon confirmation of receipt of payment of $5,856,32 within 48 hours *** will transfer the funds to the selected owner’s account. This transaction never took place and on 12 Feb 2018 a Title Fee of $3,800.00 for Messrs. Secure Escrow, New York, NY and $1,902.21 for Foreign Exchange Fee was demanded. Both were wire transferred on 20 Feb 2018. Again no transfer of funds to the owner was conducted by ***. To the contrary on 1 March 2018 a 25% Use of Timeshare Contract fee of $16,199.44 was demanded. This fee was not paid since now it was clear that *** took the money and never fulfilled their guarantee of payment as mentioned on 2 February 2018.
This all sounded too familiar and I realized that this was a scam. I spoke with Patrick Young today (4/24) and advised him that I would not participate. He threatened a lawsuit for contract violation. I told him his contract was not legally binding, not to call me anymore, and he should have his attorney give mine a call should he want to communicate.
I also have not received the document 1-5 from Title Executives - *** *** -
Should I also post a complaint on New Jersey and Oklahoma BBB's?
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