Getting Worried...

Has anyone heard of a company called NetManagement that works with a title company called Harris Title? They are offering to buy/broker my timeshare for a Mexican corporation and now all of a sudden they are saying that there is a IVA tax (Mexican version of VAT) that needs to be paid up front. All seemed legit but now I am getting worried. I have read some of the other postings but looked like most were from a year ago or more, so wondering if anyone has any recent experience with these companies? Quick response would be greatly appreciated, need to figure out if I need to run or work this thru.

It's not legit. As in zero % chance. It has all been a charade in order to get you to pay the fee. There is no sale to a Mexican corporation. The company you are doing business with DOES NOT broker timeshares. You are being played. Do not fall for it.

If it were real they would just pay the tax out of the proceeds. But in this particular scam scenario it is never real. There are no Mexican corporations paying thousands more than a timeshare is worth. The companies come and go changing names at will. The names are meaningless because there is no such transaction type that is legitimate.

Classic wrinkle to get around the FTC/TUG warning of never paying an up front fee, promise you nothing up front, string you along that there is a buyer (Corporations do not buy timeshares for their employees, customers or families, and why would they pay you so much more than they could buy ot off eBay) right before the close, there's a tax/fee that must be paid.

Just rell them to deduct four times as much as they are asking for from the your final payment for their trouble, and step back and listen to the excuses why they can't accomodate the request

There is no buyer, the bogus up front fee has just been delayed while they were CONvincing you there is a buyer


Here is a sample including victims who were saved paying the tax by finding Tug

http://www.tugbbs.com/forums/showthread.php?t=131029


http://www.tugbbs.com/forums/showthread.php?t=112034&page=6

df2385 said:

All seemed legit but now I am getting worried.

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My question is Why are you getting worried? Did you already pay them?

And do not worry about them suing you if you have already signed one of their bogus contracts. Their threats are as empty as their promises.

Easy question, simple answer...

df2385 said:

...need to figure out if I need to run or work this thru.

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Lace up those running shoes and immediately break into a sprint. As already clearly and correctly stated above by others, there is exactly zero chance that this is a legitimate operation and / or offer. ZERO.

There are no "victims", only "volunteers". Don't volunteer.

LannyPC said:

My question is Why are you getting worried? Did you already pay them?

And do not worry about them suing you if you have already signed one of their bogus contracts. Their threats are as empty as their promises.

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Yes, unfortunately, I sent $2,100 for a international transfer fee. Now they want an IVA (like a VAT for Mexico).... wish I found this site earlier... The BBB show no record on these people.

By posting the name, somebody else will be saved the international transfer fee, you have already been saved the bullshit tax. Soon they will change names an continue to scam

df2385 said:

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Yes, unfortunately, I sent $2,100 for a international transfer fee. Now they want an IVA (like a VAT for Mexico).... wish I found this site earlier... The BBB show no record on these people.

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There is no such 'tax' or IVA due pre-sale on timeshares or anything else. It is a scam, 100%. Send nothing more and if contacted, tell them you will double their commision- less the already paid $2100, at closing. They will disappear along with your $2100- unfortunately, that is already gone.

Sorry for the reality check.

df2385 said:

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Yes, unfortunately, I sent $2,100 for a international transfer fee. Now they want an IVA (like a VAT for Mexico).... wish I found this site earlier... The BBB show no record on these people.

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If you had any remaining doubts, it is time to cut your losses and run.

If you were to pay this added amount (and I truly hope you realize by now that would be sheer folly) they will come up with yet another fee that will need to paid to close the deal. After you pay that one they will come up with yet another. Then another. Then another. And another. And another. and .... until they have played you as far as they can.

The scammers know that, although it seems counter-intuitive, the easiest mark to play is the one that has been taken previously. I am often amazed at the people who occasionally come by asking for info about an upfront fee company that promises to sell their timeshare, when it turns out this the third or fourth or fifth (or more) outfit that has approached them with a promise to sell but first they need to wire some money.

******

Be aware that if the scammers realize that they aren't going to get any more money from you, you will likely be contacted by someone who will claim they can get your money back, with some concocted story about some settlement offer that was reached or some government agency that recovered money and is reimbursing victims. But of course to get your money back you will have to pay some kind of a fee in order to get your money released. And then they suck the same people in again, simply by changing the story and playing on their anger.

Sorry, but kiss that money goodbye unless you have a way to dispute it. Whatever you do dont send good money after bad at this point.

df2385 said:

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Yes, unfortunately, I sent $2,100 for a international transfer fee. Now they want an IVA (like a VAT for Mexico).... wish I found this site earlier... The BBB show no record on these people.

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Did you pay by credit card? If so, contact the card company and let them know you have been a victim of fraud and get the card changed. You don't want them charging your card again once they figure out you are on to them.

Sue

sue1947 said:

Did you pay by credit card? If so, contact the card company and let them know you have been a victim of fraud and get the card changed. You don't want them charging your card again once they figure out you are on to them.

Sue

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Not bad advice but there is no way these companies take credit cards. It would be like robbing a bank but wanting the stolen money deposited into a PayPal account. These are blatantly fraudulent transactions. Usually only a wire or cashiers check is accepted. Deposit account closes after only a few months and a new one is opened with a new company name.

SCAM

Maybe the moderator can merge the related threads:

http://www.tugbbs.com/forums/showthread.php?p=1410355

http://www.tugbbs.com/forums/showthread.php?p=1425291

At the time of the first thread Netmanagementgroup was usng an IP address of 31.22.4.14 which was the same IP address of other scam companies, likely related to this scam company. However, they are evolving trying to stay a step ahead of the bad publicity. They are now using another IP address.

One of the scam companies usng the IP address of 31.22.4.14 was the Beikman Group. Proof that Beikman Group is related to Net Management Group is found as a bogus review in which the "reviewer" praised both Net Management Group AND Beikman Group (along with their scam "escrow" company):

http://www.kudzu.com/consumerReviewsHistory.do?userId=10729746

Be warned - there is another company using the same "new" IP address as Net Management Group, has a similar website and shares some verbiage - ITN Network Transfers (www.itnnetworktransfers.com). It is only a matter of time before someone asks if they are legit.