ED Magedson – Founder
CenPac Realty, Inc10100 Santa Monica Blvd Suite 300 Los Angeles, California USA
CenPac Realty, Inc Fraud, buying time shares Los Angeles California
Cen Pac Realty, Inc contacted me about buying my Mayan Resort timeshare. The Broker, Ronald W Barnes said that he had a buyer (corporation) that was buying this for employee incentives. They would be handling the transaction through AfterMarket Escros, Monica Gupta. After we agreed to the terms and sign the contract AME would deposit the funds into the account of my choice. Within 5 days I would notarized and return the documents. AME would then pay CenPac Realty, Inc their 8% commission and pay Mayan direclty for the $5,100 transfer fee along with my notarized transfer letter.
I'm not completly sure of the scam, but what I do know for a fact is that Ronald W Barnes, California state license # 01731311 is NOT the broker that I was talking to. I have confirmed this with him.
If it seems too good to be true, it probably is. They were not asking for any money from me up front, it seemed like a no lose situation. They would give me the money, they would pay the commission out of the proceeds. etc. I believe the scam is that I would have transferred my ownership to someone and I would have received nothing for the deal. Maybe this CenPac Realty would keep all the proceeds, scam me but deliver the product to their "client".
Whatever the scam, stay away from these people and always always do your homework, if you feel like you have checked everything out, check more.
This report was posted on Ripoff Report on 12/20/2013 03:27 PM and is a permanent record located here: http://www.ripoffreport.com/r/CenPac-Realty-Inc/Los-Angeles-California/CenPac-Realty-Inc-Fraud-buying-time-shares-Los-Angeles-California-1108675. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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