If you have been victimized by either a timeshare resale firm or a timeshare resort, add your complaint below.
Timeshare Scams and Fraud
transfer fee rip off - wade capital management
Company Name: wade capital management
Company Address: 668 19th st Des Moines Iowa 50314, Des Moines, Iowa
Company Website: wadecapitalmanagement.com
Company Phone: 515 954 7268
Sales Person: Kevin Andrew
Sales Manager: Kevin Andrew
In march we was contacted by TransWestern Group of Billing Montana 59102 Robert Maxwell, stating they have a buyer for our timeshare. They stated that I would not have to pay any fee. I then had a call from Wade Capital Management who stated that they have two check in escrow for my timeshare. I was told that I had to pay an upfront transfer fee of 10%. They instructed us to send the transfer fee via wire transfer to an Mexican bank. They stated that the buyer will send me back the transfer fee. prior to an alerts sent out about the two companies we sent out the fee. in april Wade Capitla Management requeste dus to pay the Mexican tax. We refused and told them to take the money out of our escrow accoint.. They agree and stated that our payout date is 5/11/12. They told us they will mail out our check and paper work via Fedxex. That is the last contact I had with Wade (telephone goes to vioce mail) TransWestern (telephone is off the hook). I contact the IG office in Iowa and they said that they can do nothing, I worte to the FBI also. Beaware of the Wade and TransWestern Group.