A Nevada-based company, accused of swindling Vermont timeshare owners, has agreed to reimburse the victims in a settlement announcement.

Apex Professionals Inc. will pay $64,000 to 15 victims and another $65,000 for penalties charged by the local government. Bill Sorrell, the Attorney General, says that Apex violated a law on the sale of timeshares.

“If out-of-state companies offering an economic benefit to consumers in Vermont violate the state's consumer laws, they can expect strong enforcement and serious consequences,” commented Sorrell.

Apex lured timeshare owners to sales conferences in Burlington and Montpelier earlier this year. Company representatives promised the owners that they would transfer the ownership of their unused timeshares, but the service came with a twist.

The victims reasonably assumed that they would be compensated for their timeshares. However, Apex did not pay them any amount and even charged them thousands of dollars.

Source: TimesArgus.com