Manhattan Club Lawsuit

sallyw109 wrote:

Thanks, Chris, for the update. I'm glad to know it's not the 2011 lawsuit we're still waiting on, and too bad we lost it. Tho, I still don't know what the law suit was about, so what did we lose? I read that the NYS AG called TMC timeshare practices a "bait and switch game," so I assume his ls is trying to address the inability of ts owners to book their purchased weeks. Do you know of any site that gives details of the AG's suit, particularly what it is that the AG is suing TMC for; i.e., what do we get if he wins?

dear sallyw109, in answers to your multiple questions: NO; FRAUD, SCAMMING, MISREPRESENTATION...PERHAPS OTHER ISSUES STILL UNKNOWN BY US OWNERS; and for your last question: NOT SURE.

DO YOU GET THE FEELING THAT THIS STILL LEAVES US NEARLY IN THE DARK?

keep in touch, chris

Thanks again, Chrisv126. Sounds like a whole lot of nothing to me. Sounds like the State AG was compelled to do SOMEthing because of all the complaints his office was getting. The result is a lawsuit which will drag on for years and provide nothing for TMC ts owners in the end, other than MAYBE a slap on the hand for TMC. I'm sure TMC has gathered mountains of evidence to prove they are innocent of any charges the AG may bring. Highly unlikely that they'll let us out of our contracts, which we each read and signed, despite whatever the high-pressure, misrepresenting salespeople said to us. Highly unlikely they'll refund or reduce the exorbitant maintenance fees. Highly unlikely they'll buy back our contracts. Yes, I feel like we're in the dark now, and will probably stay there. I'm not sending them any more money. I've had enough.

I thought somewhere along these messages someone said to definitely pay the real estate taxes only. Can someone advise if this is what we should do.

elainef88 wrote:

I thought somewhere along these messages someone said to definitely pay the real estate taxes only. Can someone advise if this is what we should do.

elainef88, strictly my own opinion about $$$ towards TMC ownership: i am paying only municipal (city/state) tax for now. i will hold back any maintenance payments until i get a better idea of how the AG/TMC lawsuit is progressing and/or the final results thereof. taxes must be paid regardless; maintenance fees must be paid to make reservations.....for me, that can wait for a while.

keep in touch,

chris

How do you find out the amount of taxes and who do you pay? I I am not paying maintenance fee any more either!

PLEADING THE FIFTH!!!! The Manhattan Club employees subpoenaed by the NY Attorney General's Office in the TMC investigation are pleading the fifth. Definition of Pleading the Fifth Typically, you would plead the Fifth when you're called to testify in a trial or when being deposed. Generally, you can't refuse to answer any relevant question, unless the answer incriminates you. If your answers to the questions could be used to convict you of a crime, you can assert this right. As TMC owners we can supply dates, TMC employee names, documentation and our stories about TMC misrepresentation and fraud to the NY AG to assist in the investigation. Any pertinent info you have send to the AG! Attorney Serwat Farooq New York Attorney General’s Office Real estate Finance Bureau 120 Broadway, 23rd Floor New York, N.Y. 10271

Re: The Manhattan Club Case INDEX NO. 451536/2014 Also, we need to open up multiple fronts of attack on the TMC fraud. Per Corrine Smith's suggestion copy the letters you send to the NY AG to the USPS Fraud Unit and to the Consumer Financial Protection Bureau. USPS FRAUD UNIT http://ehome.uspis.gov/fcsexternal/default.aspx Consumer Financial Protection Bureau http://www.consumerfinance.gov/complaint/

irenes93 wrote:

PLEADING THE FIFTH!!!! The Manhattan Club employees subpoenaed by the NY Attorney General's Office in the TMC investigation are pleading the fifth. Definition of Pleading the Fifth Typically, you would plead the Fifth when you're called to testify in a trial or when being deposed. Generally, you can't refuse to answer any relevant question, unless the answer incriminates you. If your answers to the questions could be used to convict you of a crime, you can assert this right. As TMC owners we can supply dates, TMC employee names, documentation and our stories about TMC misrepresentation and fraud to the NY AG to assist in the investigation. Any pertinent info you have send to the AG! Attorney Serwat Farooq New York Attorney General’s Office Real estate Finance Bureau 120 Broadway, 23rd Floor New York, N.Y. 10271

Re: The Manhattan Club Case INDEX NO. 451536/2014 Also, we need to open up multiple fronts of attack on the TMC fraud. Per Corrine Smith's suggestion copy the letters you send to the NY AG to the USPS Fraud Unit and to the Consumer Financial Protection Bureau. USPS FRAUD UNIT http://ehome.uspis.gov/fcsexternal/default.aspx Consumer Financial Protection Bureau http://www.consumerfinance.gov/complaint/

Irene-do you know who is pleading the Fifth? Is it a deposition? And,more importantly, how do you know? Robert 788

I have stopped paying the maintenance fees. I only pay the real estate. Have the same complaints as all the others. Have been an owner since 2003, able to use it twice.

Irene S., where did you find this information about TMC employees pleading the 5th Amendment? I'd love to be able to read up on this lawsuit somewhere.

Maybe I'm way behind everyone else, but I just found the complete text of the NY AG's action of 7/25/2014 against TMC. It's not a lawsuit, it's an Application for an Order, and in plain, ordinary English explains in great detail how TMC staff were recorded in lies, attempting to dupe undercover NY AG agents into purchasing TMC time shares. Very interesting reading, especially the last 2 pages, pages 31 and 32, where the AG requests that the Court issue an order against the TMC on 7 matters, including temporarily restraining TMC from making any further ts sales, from initiating any further foreclosures, and from making withdrawals in their name from any financial institution (I think this means taking payments from our bank accounts?). To get this entire document, I went to Google and typed in "The Manhattan Club case index 451536/2014." From the titles that pop up, I selected "FILED: NEW YORK COUNTY CLERK 07/25/14" What I still can't find is anything subsequent to this document. Please advise if you know a source. Thanks.

Sally, the last court filing was Dec. 10, and it continues the original court orders, and expands on several new fronts. None of the court documents filed so far refer to any employees testifying or taking their 5th amendment privileges to avoid testifying. I would urge all readers of this forum to read the original court documents and make up their own minds about what is transpiring with the Manhattan Club. The fact that the AG investigation is proceeding slowly is no surprise. It's a complicated financial securities case. You can use the original case number you've already obtained to see all of the court documents. Fascinating and informative reading. We'll address these issues in more detail in an upcoming RedWeek.com update on the Manhattan Club case.

We are Timeshare owners in The Manhattan Club since 2005 and we share the same experiences as many others. We would be interested in any class action suit on TMC

Good afternoon, We did try to give it back to TMC but they would not take it back even at free of charge. Any advice? trpuchi@yahoo.com MS

We are Timeshare owners in TMC since 2005 and we share the same experiences as many others. We would be interested in any class action suit on TMC

I read the entire complaint. Very interesting. In fact I was surprised to learn that those with flexible packages were not allowed to reserve during holiday times. In fact, we have been reserving every other Thanksgiving on our 4 day week for years. No Saturday allowed. Not to mention that we were not informed of that little clause. Of course we have to reserve a year in advance which certainly takes some planning! I am wondering if the week owners have a more difficult time reserving than split weeks. What do other owners think?

I got a call from TMC Finance Dept yesterday regarding past due maintenance. I complained (since I had their ear) about my inability to ever reserve a stay at TMC for a week I wanted. She explained that "TMC has always maintained a block of rooms for transient bookings" and that is what has made it difficult for us to reserve our timeshare. Our rooms are sold every day to transient travelers who simply call in and request a reservation. (TMC does this because they already have our money, and then re-sell our time to the general public!). Wish I had recorded the call. Double-Triple-Quadruple dipping on our already-owned timeshares. Criminal, in anyone's interpretation.

charlesm548 wrote:

I got a call from TMC Finance Dept yesterday regarding past due maintenance. I complained (since I had their ear) about my inability to ever reserve a stay at TMC for a week I wanted. She explained that "TMC has always maintained a block of rooms for transient bookings" and that is what has made it difficult for us to reserve our timeshare. Our rooms are sold every day to transient travelers who simply call in and request a reservation. (TMC does this because they already have our money, and then re-sell our time to the general public!). Wish I had recorded the call. Double-Triple-Quadruple dipping on our already-owned timeshares. Criminal, in anyone's interpretation.

charlesm548, at the risk of sounding critical of your concerns, WHAT ELSE IS NEW RE: THE MANHATTAN CLUB AND ITS DEN OF FRAUDULENT THIEVES (OUR BOARD!)? simply put, this plodding lawsuit must result in our favor or we literally will have, most likely, LOST IT ALL. ha, talk about a MADOFF RIPOFF, only in this case, it doesn't appear to be an actual PONZI SCHEME. the similarities are that so many honest and somewhat gullible owners (including me!) have been duped and robbed of considerable $$$$$.

keep in touch, chris

I would like to be included i any correspondence concerning this. How do I get on the list.I purchased my TS in 2001 and probably actually spent 7 or 8 nights because the unit was never available. I spent hundreds a year for maintainence and fees only to not being able to utilize the space.

Eileen Miller leen718@gmail.com

tamaraem wrote:

I would like to be included i any correspondence concerning this. How do I get on the list.I purchased my TS in 2001 and probably actually spent 7 or 8 nights because the unit was never available. I spent hundreds a year for maintainence and fees only to not being able to utilize the space.

Eileen Miller leen718@gmail.com

tamaraem , please accept this correction.......you've probably spent THOUSANDS PER YEAR RATHER THAN HUNDREDS in maintenance fees. TIME TO FIGHT AND WIN THIS BATTLE IN COURT. LET'S GO ATTORNEY GENERAL SCHNEIDERMAN!

Yes we need to all rally against TMC I agree