Malibu Event Management
Complaint 51639 Details

We were contacted by phone in late November about selling our Paradise Village timeshare. Since we were interested we proceeded. As part of the contact, we had to put up $6,500 (10% of the selling price), which was to be refunded to us. This money was wired to a Chase Manhattan in the US as an intermediary. Account is 22700013951. The receiving bank was Scotiabank Inverlat, SA, Carretera Tepic-Vallarta #1279 SUR, Bucerias, Nayarit CP. 6372, ABA: 044578227000139514, Swift: MBCOMXMM.

On 12/22/2011, we were informed that the sale was complete (this was done by Grand Legacy Trust) but that Mexico had instituted a new tax law, requiring that 19% of the sale price be paid prior to the sale proceeds being given to the seller. This proved to be $12,350 USD.

We sent all of the documents that we were provided to a tax attorney and financial expert. With a little digging, he was able to unearth the information that the tax was bogus and that the agency "International Accounting & Tax Services S.A. de S.C." which provided the tax information has been linked to scams.

We were already getting leary about this, after investing $6,500 and have refused to go forward with the transaction. I have no real expectation that my wife and I will be able to get our money back, but I do know that they will not be able to get any more money out of us.