- Report: #277667
Report - Rebuttal - Arbitrate
Complaint Review: ILX RESORTS, - PREMIERE VACATION CLUB SEDONA
ILX RESORTS, - PREMIERE VACATION CLUB SEDONA160 Portal Lane, Sedona, AZ 86336 Phoenix, Arizona U.S.A.
ILX Resorts - Premiere Vacation Club - Sedona Vacation Club - Los Abrigados FRAUD - CHEATING ON MAINTENANCE FEES - STEALING FROM RESORT OWNERS Phoenix Arizona
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$ 727,000. This totals $4,710,000. Then the expenses show
up:GeneralExpenses:Utilities/Telephone/TV $1,604,000, Repairs and Maintenance $ 529,000.Insurance $327,000Property Taxes $655,000 Operating Expenses and supplies $475,000 Guest supplies /Linen $551,000 Owner Services/Reservations/Communications/Other $798,000. These General Expenses add up to $4,939,000.
Then Reserves are added into the mix $ 1,500,000, follwed by Association fee $1,239,000.(There is no "Association") For a grand total of $ 12,388,000. How do I spell HIGHWAY ROBBERY? No wonder why ILX can pay a dividend. Just look at these absurd figures, then draw your own conclusions. Without out the above STEALING (Same as Bank Robbery) these crooks could NEVER show a profit on their phony P & L statement. If I were a stock holder I would file a complaint with the SEC for over stating earnings, and therefore, inflating the stock price. (AMEX) ILX
This report was posted on Ripoff Report on 10/08/2007 07:26 AM and is a permanent record located here: http://www.ripoffreport.com/r/ILX-RESORTS-PREMIERE-VACATION-CLUB-SEDONA/Phoenix-Arizona-85016/ILX-Resorts-Premiere-Vacation-Club-Sedona-Vacation-Club-Los-Abrigados-FRAUD-CHEATI-277667. 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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