Naif Wedad Nazer, a Thirty-nine-year-old, from Laguna Niguel California, has been charged by a federal grand jury in Orlando. The charges brought are attempt and conspiracy to commit mail fraud involving fake timeshare resale telemarketing schemes. Nazer could face the maximum penalty of 20 years in a federal prison. The USA is also looking for a money judgment against him for the amount of $811,162.06 this been the proceeds of the charged criminal offense.
The prosecution claims that between 2011 and 2015, Nazer initiated and worked several businesses that were registered in five different states, Texas, Florida, Delaware, Nevada, and Wyoming. All of which engaged in cold calling timeshare owners across the US and deceitfully persuading them to pay upfront fees for services that the businesses never intended to do.
Nazer and his team would call the owners, claiming they could market their timeshare with success and that they had buyers waiting with cash to purchase their timeshare, they would look after everything from a sale to completion taking away any stress which may be involved. Also, upon completion all upfront fees would be returned or that they would refund the advance fee within an agreed time period if the timeshare sale did not go through.
None of the victim’s timeshares were ever sold nor was any monies ever returned according to the indictment.
Named below are the companies involved in the scam:
Florida:
Vacation Sellers Services, Inc
Nevada:
- S. Property Consultants, Inc.
- Highpoint Consulting, Inc.
- Horizon Global Services. Inc.
Delaware:
- The KeyCorp Group. Inc.
- Crescent Group Associates, Inc
- Tricorp Property Solutions, Inc.
Texas:
- United Premier Global Solutions. Inc.
Wyoming:
- Regency Consulting Group. Inc.
The government is also accusing Nazer of “recruiting and training other conspirators known and unknown to the Grand Jury as callers for each of the Businesses of as part of the conspiracy”, that, amongst other things. Additional charges against Nazer are likely.
Originally arrested 16 March 2018 in the Central District of California, Nazer was subsequently sent to the Central District of Florida, where the charges against him had been filed. Two passports in his possession, one issued by the USA and the other by Saudi Arabia, have been surrendered to the court.
The Prosecution is set for 4th June 6, 2018, at 10:00, Orlando Courtroom 5D before Magistrate Judge Karla R. Spaulding.
This case was investigated by the U.S. Postal Inspection Service and the Florida Department of Agriculture and Consumer Services, Office of Agricultural Law Enforcement. The case has been assigned to Judge Roy B. Dalton, Jr. in U.S. District Court, Middle District of Florida (Orlando) and will be prosecuted by Assistant United States Attorney Emily C. L. Chang.
For more information regarding this article or assistance in any other timeshare related issues please contact the TCA on 01908 881058 or email: info@TimeshareConsumerAssociation.org.uk