Better Business Bureau of Southern Arizona is warning timeshare owners not to do business with U.S. Financial Trust of America- a company claiming a fictitious Tucson address- which is scamming timeshare owners across the country.

BBB has received three complaints alleging that US Financial Trust contacted them via telephone, claiming that they had found buyers for the consumers’ timeshares. Consumers say that US Financial Trust told them that they would charge an opening and closing fee for the sales of the properties, then wire payment for the properties into the consumers’ bank accounts. In each case consumers tell BBB that the company disappeared after they had paid the opening and closing fees.

Kenneth Anderson, a consumer from Illinois, told BBB that U.S. Trust Financial called him on a daily basis for weeks with new details about a supposed deal to sell his timeshare, but once he paid the fees with a credit card he never heard from the company again.

A Tennessee consumer paid US Trust Financial over $5,000 in fees for the supposed sale of five (more…)