Federal Bureau of Investigation agents raided a Fort Lauderdale, Florida office July of last year, and are now taking testimony from thirteen former employees of Timeshare Mega Media and Marketing group as they build a case against timeshare resale con artists.
Joseph “Joey” Crapella and Pasquale “Posh” Pappalardo started the company and made over $5 million dollars in less than a year. The scam was simple: The company said they had a buyer for their timeshare, but they had to put up money upfront as part of an “administrative fee.” This money was promised to be returned to the timeshare owner at a later date. For this service, clients spent as much as $10,000.
But the buyers never existed, and now the Federal Trade Commission has arrested 15 low-level employees of Timeshare Mega Media. 13 have pleaded guilty to conspiracy to commit mail and wire fraud, charges that can carry up to five years in prison. All sentences are pending.
Mr. Pappalardo served six years in prison in the mid-1990’s on drug, firearms and counterfeit money charges. Mr. Crapella spent eight years in a Florida prison after being convicted of racketeering and grand theft involving vending machines.
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