Jan 3, 2007

RV timeshare business failure causes legal troubles

What sounded like a great opportunity for leasing RVs has now turned into a criminal case.
The Orlando Sentinel features the story on how a company sold timeshares plans for luxury RVs, then collapsed and left buyers with losses adding up into the millions.

The RV leasing plan was supposed to give investors a chance to rent a large motor-coach style RV and to make some money back. Now 172 buyers say they have lost their money and the two founders of the company face fraud and racketeering charges.

Both executives involved with the business say they had noble intentions and maintain their innocence.
Trader Online Web Developer

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