4 more indicted in timeshare scam
MILWAUKEE (AP) -- Four more Wisconsinites have been indicted in what federal prosecutors say is a timeshare scam that swindled more than 1,400 people out of more than $2 million.
The U.S. Attorney's Office says the four Fox Valley residents operated companies under numerous names in Green Bay from 2007 to 2011, including Midwest Timeshares and National Timeshare Resales.
Previously four others were indicted in the alleged scam. Prosecutors say the defendants told their victims that buyers were ready to purchase the timeshares and all they had to do was pay upfront "administrative fees" that ranged from hundreds to thousands of dollars. The Journal Sentinel says the victims were denied refunds they were supposed to receive if their timeshares didn't sell.
The four people originally charged in July are scheduled in court Nov. 26.
Information from: Milwaukee Journal Sentinel, http://www.jsonline.com