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hrmjustin

(71,265 posts)
Sat Jul 26, 2014, 04:27 PM Jul 2014

Swanky Manhattan Club timeshare a 'bait-and-switch' scheme, State Attorney General Eric Schneiderman

Swanky Manhattan Club timeshare a 'bait-and-switch' scheme, State Attorney General Eric Schneiderman says

GLENN BLAIN

ALBANY — A Manhattan luxury hotel was really a pricey timeshare from hell, state Attorney General Eric Schneiderman charged Friday.

Schneiderman’s office obtained a court order halting the sale of timeshares at the Manhattan Club on W. 56th St. after receiving hundreds of complaints from owners who, after paying tens of thousands of dollars for a unit, were unable to book time in the hotel.

“We allege that the Manhattan Club, near New York City's iconic Carnegie Hall, is a particularly stark example of such a bait-and-switch timeshare scheme," Schneiderman said.

Schneiderman said developer Ian Bruce Eichner and others associated with the club sold timeshares to 14,000 people while the hotel had only 286 suites.

http://www.nydailynews.com/new-york/nyc-crime/posh-manhattan-club-timeshare-scam-article-1.1880844

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