• Report: #286378

Complaint Review: Resort Holding And Majesty Travel World Phantasy Tours, Inc. dba Majesty Travel Galaxy Properties Ma

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  • Submitted: Fri, November 23, 2007
  • Updated: Thu, April 15, 2010

  • Reported By:hayward California
Resort Holding And Majesty Travel World Phantasy Tours, Inc. dba Majesty Travel Galaxy Properties Ma
Calle Eusebio A Morales Edificio Atlantida,P.Baja Zona 7 Panama, Other Panama

Resort Holding And Majesty Travel World Phantasy Tours, Inc. dba Majesty Travel Galaxy Properties Management S. A. Induced me to invest in leases to vacation property which was a scam. On Edificio Atlantida, P.Baja Zona 7 Panama

*Consumer Comment: IP Fund 1 Leaseholders come together

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On 06/14/200 and again on 04/15/2001 I invested $5,000.00 on each occasion in a lease of rental units operated by these companies and was supposed to receive part of the rental income as the unit was rented.

After receiving a few payments they stopped and upon inquiry I found that it was a scam.

John
hayward, California
U.S.A.

This report was posted on Ripoff Report on 11/23/2007 11:30 PM and is a permanent record located here: http://www.ripoffreport.com/r/Resort-Holding-And-Majesty-Travel-World-Phantasy-Tours-Inc-dba-Majesty-Travel-Galaxy-Properties-Ma/Edificio-AtlantidaPBaja-Zona-7-Panama-Other-APD0-8301/Resort-Holding-And-Majesty-Travel-World-Phantasy-Tours-Inc-dba-Majesty-Travel-Galaxy-Pro-286378. 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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#1 Consumer Comment

IP Fund 1 Leaseholders come together

AUTHOR: Ernest - (U.S.A.)


The leaseholders need to intervene in Kelly's criminal case to protect their leaseholders rights to hold RHI, Grupo Kelly and others civilly responsible!  The order appointing the special master obligates the SM to cause Kelly to add Assets to Restitution Fund necessary to make full restitution and pay SMs fees and/or obligates the Court to expand the Restitution Fund to include all necessary Assets to make full restitution to victims and pay fees.  The appointment does not preclude victims from pursuing any rights they may have that do not encumber, restrain or dissipate the Assets, enforcement of any rights (specifically characterized as a lien) against the Assets or Legal Structure unless the Court orders otherwise. However, the special master's claim form is contrary to the courts order of appointment. The claim form bars victims not adhering to the Claims procedure from asserting a claim against SM, Claims Processing Agent; Restitution Trust, Kelly Business Entities or any successor in interest to or third party beneficiary of any asset owned by or affiliated with Grupo Kelly The claim form recognizes a possible difference between amount of loss calculated for criminal restitution and that could be awarded a defrauded investor in a civil lawsuit, and that criminal restitution does not supplant a civil judgment.  Assets collected by SM will not be available to satisfy any civil judgment against Kelly.


Coming Victim Claim Form  (i) D. Waiver/Release (a) terminates leases (b) bars claimant from asserting any claims against SM, CPA and waives claims regarding the universal Lease Program including lease, any assets purchased with proceeds, any remedy entitled to under the Universal Lease Program [waived and assigned in benefit of SM or designee. (c) bars claims against any transferee of or successor in interest to any asset or any third party beneficiary of any asset owned by or affiliated with Grupo Kelly.  The special master wants the leaseholder to terminate their leases claiming the hotels can be sold free and clear of liens, however, I believe that they are not canceling all the other timeshares Kelly sold. "Therefore the hotels would not be free and clear of liens". The special master also wants the leaseholders not to hold him responsible for his actions, however, when the court appointed him; the court gave him immunity as long as he did not do anything outside of his appointment. If his actions are in line with his appointment he would have no immunity. Why is he asking the leaseholders to waive their rights to hold him responsible for his actions?    


If you sign the claim form you are buying the pig sight unseen and you will have no recourse because you signed your rights away! It is clear the special master is attempting do keep the leaseholders from going after some of the assets and others. It is also clear that his actions are not inline with his appointment.  Furthermore the special master doesn't disclose how much of your money will be recovered. For all we know its pennies on the dollar! 


If you are a leaseholder and have not joined with other leaseholders please go to (((ROR redacted))) more information to join.


 


Ernest


San Antonio, TX 78209


(((ROR redacted)))


 


 

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