Vacation Rentals
Regal EventsInformation and Alerts
Alert Details
This business has 1 alert.
Alert
On January 27, 2020, Better
Business Bureau received a complaint from a consumer regarding advertising
concerns. The consumer alleges Regal Events emailed them inquiring about
renting the consumer’s timeshare in Mexico, explaining they had a buyer seeking
to rent the timeshare for five to ten weeks for a special event. Regal Events then
sent the consumer a contract, advising the consumer they would be responsible
for maintenance fees, and all fees concerning the rental process. The consumer
was then instructed to forward the fees to a mutual holding company where the
money would be held in escrow to cover Mexican Government fees, closing costs,
and attorney fees. The Consumer was told once all the arrangements were
finalized in Mexico, the renter would transfer funds to the mutual holding
company which in turn would issue a check to the consumer. Regal Events and the
mutual holding company failed to provide any currency to the consumer who
suffered a significant financial loss.
BBB found that the website
domain is registered in a foreign country, and a review of the company website
revealed that the company claims to be located at 198 Wall Street in Seattle,
Washington 98121. A Google search revealed this address to be an apartment
building with no identifiable office markings, and the telephone number for the
company has been linked to other scams. A business license for Regal Events
could not be located with the Washington State Department of Revenue.
The Better Business Bureau
encourages consumers who are victims of this scam to file complaints with the
Federal Trade Commission, at www.ftc.gov.
Consumers are also encouraged to refrain from forwarding U.S. Currency to a
business until the business has been vetted.
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