Timeshare Industry Fighting Back to End Exit Fraud:

September 27, 2018

Timeshare Industry Fighting Back to End Exit Fraud: One Major Firm Disbarred and Another Files Bankruptcy

The timeshare industry, the American Resort Development Association (ARDA) and ARDA Resort Owners' Coalition (ARDA-ROC), have united to stop the misconduct of those deceiving timeshare owners into paying for illusory timeshare exit services through fraudulent means. Recently, the Supreme Court of Tennessee disbarred attorney Judson Wheeler Phillips, founder of the Castle Law Group, on a myriad of charges relating to consumer fraud complaints.

In the past few weeks, Castle Law Group has ceased business operations following federal lawsuits brought by developers against Castle Law Group and those acting in concert with the firm. In another matter prosecuted by Wyndham Destinations (NYSE:WYND) against American Consumer Credit (ACC), among the largest timeshare exit companies, the pursuit of ACC, its principal, Dana Micaleff and its attorney, Michael Saracco, Esq. resulted in ACC filing bankruptcy on September 7, 2018.

Breckenridge Grand Vacations Elected Top Company in Travel and Hospitality

Breckenridge Grand Vacations (BGV) has received ColoradoBiz Magazine's award for #1 Top Company in the Travel and Hospitality category. In its 31 st year, the recognition is given to the very best statewide companies, in 14 industries.

Businesses submit their nominations throughout the year, and a poll of companies including Deloitte, Moye White, Versatility and Colorado State Bank and Trust select three finalists for each category. The winner is then chosen by a judging panel, formed by ColoradoBiz editorial staff and business leaders, based on outstanding achievement, financial performance and community involvement.

Exit Company Lawyer Disbarred After Orange Lake Resorts Federal Lawsuit

Attorney Judson Wheeler Phillips, founder of Castle Law Group, was disbarred by the Supreme Court of Tennessee after 93 consumer fraud complaints and federal lawsuits filed by Orange Lake Resorts, Diamond Resorts, Berkley Resorts and Westgate Resorts. The Tennessee Supreme Court ruled that Phillips "poses a threat of substantial harm to the public." Phillips received thousands of clients through referrals from "exit," "relief," "referral" and "liquidation" companies that directly targeted and solicited timeshare owners. Castle Law Group was at the epicenter of many Exit Company scams. The financial arrangements Phillips made with a company and/or clients, in almost every case, created conflict and confidentiality concerns.