Diamond Resorts®, a global leader in the hospitality, vacation ownership and entertainment industries, has filed a federal lawsuit against Wesley Financial Group, LLC (“Wesley”) and its founder and CEO Charles William “Chuck” McDowell, for allegations of fraudulent business practices and false advertising.
According to the lawsuit filed in the Eastern District of Tennessee, Wesley Financial Group operates as a so-called timeshare “cancellation” company and charges unsuspecting timeshare owners thousands of dollars in upfront fees in exchange for no legitimate service. Wesley does not help the customers it claims to protect, according to the lawsuit, but instead purposefully drives timeshare owners into financial jeopardy and foreclosure.
Wesley Financial Group’s Misleading Business Practices
According to the suit, Wesley makes false and misleading promises with a “100% guarantee” that Wesley can legally relieve timeshare owners of their obligations. “Wesley’s actual ‘legal strategy’ is neither ‘legal’ nor a ‘strategy’: it is a hoax,” says the lawsuit.
According to Diamond’s lawsuit:
William “Chuck” McDowell’s Checkered Financial Past
According to the lawsuit, Wesley Financial Group owner William “Chuck” McDowell touts himself as a pioneer in the timeshare exit industry and “Wesley’s aggressive television, radio, social media, and internet advertising campaigns often feature McDowell without revealing his checkered financial past” including:
Diamond Resorts encourages timeshare owners who may be interested in adjusting their contracts to contact their developer for legal and legitimate options. To learn more about red flags and report possible fraudulent third-party exit activity, visit TimeshareCancellationAwareness.com.
Diamond Resorts® offers destinations, events and experiences to help members make a habit of breaking from the routine. From unforgettable getaways to exclusive concert series to VIP receptions and dinners, members turn to Diamond to recharge, reconnect and remind each other what matters most. Our focus on quality resorts, customer service and flexibility means members can return to a favorite resort, book a cruise to explore new countries or attend a once-in-a-lifetime event with the same level of confidence and anticipation. With access to a world of entertainment and activities, a Diamond membership ensures that people are always looking forward to vacation.
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