Brief Lamont Background
I am too much a newcomer to timeshares & timesharing & TUG & TUG-BBS to know about Froggy Lamont -- in fact, I never heard of him other than brief in disparaging comments like the 1 quoted.
Some background & context might be helpful -- or if not exactly helpful, then possibly semi-interesting or semi-amusing or both.
-- Alan Cole, McLean (Fairfax County), Virginia, USA.
I suspect if you were to do a search on Lamont you would find great detail on Stuart Lamont and his doings, but here is the way it usually goes down:
Lamont gains control of a property by acquiring enough shareblocks to be able to vote him and his cohorts into controlling positions. They then retain Lamont's management company which takes over management of a resort.
The resort is not maintained and it begins to run down, the management company either keeps fees down so there is no money or siphons as much money as they can for management fees so that no repairs are done.
Traders begin complaining about the poor experience at the resort at which time RCI tells the property to bring up the standards or they will no longer accept units from the property.
Property is dropped by RCI and another Lamont company tries to get the owners to trade their ownership in the property for membership into a vacation club or highly questionable value (as in none).
Owners are told that they will need to pay a huge special assessment and that the property will no longer be a time share.
Lamont gains more control as owners stop paying or deed back their ownership. Lamont now owns the property with little or anything out of his pocket. Anyone that took the deal for the travel membership have nothing to show.
Owners just lost their investment and Lamont moves on to the next property.
This is what happened at the Seapointer, where I previously had two units. Luckily I sold mine as soon as I found out the management company was a "Froggy" company.
Lars