East Coast Financing review: Fraud/Scam 2

Names of persons involved in scam: Jordan Marcus, Jonathan Matthews

They will call, saying they got you info from a reseller who had marked your file "Do Not Contact Client." This is used to explain why everything has to be completed within 8 hours or a sale will fall through.

Claims to be a mortgage lender who occasionally handles timeshare sales to corporations. Will tell you that the money you sent the reseller was used to pay for everything (title fee, maintenance fee, etc) *except* the attorney to handle the closing paperwork. They have a corporate buyer who is purchasing multiple units/weeks in your resort and is paying a flat fee (generally higher than what you were asking from the reseller) for each unit.

They will provide you with any proof you request. Name of corporation (usually real but generic enough so that there will be multiple listings on a google search). Their name and phone. A letter or email stating that your timeshare is sold and that you can sue them if they lie. Seriously - whatever you want/need to feel secure, they will provide.

Unfortunately, there are no listings for East Coast Financing, East Coast Financial Corporation, or any variation on any of the complaint/scam boards.

So yeah, after checking, asking a million questions, talking off and on for 3-4 hours, I fell for it and sent them money.

No call that evening. No call the next day. No response to email. The voicemail box on the phone is full. Definite scam.

Remember:

East Coast Financing or some variation (however *not* East Coast Financial out of RI. I have spoken to that owner and they are a legitimate business)
Jordan Marcus
Jonathan Matthews
Operating in or near Palm Springs, FL
Has *lots* of good answers to any questions you may have. Probably has been in the con game a long time, so most likely has some form of criminal record.
Has a medium-strong New York/Brooklyn accent (I can say for sure it was NYC, but not which borough)
Asks for just enough money to make it worth his while, but not so much that you'll be suspicious.
Is definitely working with one other person who (before you send them money), will answer the phone, put you on hold, act like a receptionist.

If you need/want additional details, or have more information about this person, please email me at the address below.

Lori Spier
[protected]@mail.umd.edu