ED Magedson – Founder
Exchange Services, Inc.2443 Southfield Rd Southfield, Michigan USA
Exchange Services, Inc. Timeshare Resale Scam Southfield Michigan
Marty Hendricks contacted me regarding the sale of some of my timeshare units. He had a buyer lined up. Many documents were sent back and forth which included some with the seal of Michigan on them. After having my accountant review the documents, $7698 was wired. A few days after the wire, he contacted me to let me know he'd keep me informed of the progress. Since then, he hasn't been returning my calls. After much research, there is no company with the name Exchange Services doing business in Michigan. The phone numbers listed for the company are cell phones. The physical and mailing addresses listed on the website appear to be apartments. Suntrust Bank confirmed that the account where the money was transferred does belong to Exchange Services but could not disclose the address on the account, other than to tell me it didn't match either of the addresses I provided. I have initiated a wire reversal stating suspected fraud but it's unclear if there's any hope of getting my money back. The only hope I have is that the account is still open. Do NOT fall for this scam like I did.
This report was posted on Ripoff Report on 06/11/2013 12:52 PM and is a permanent record located here: http://www.ripoffreport.com/reports/exchange-services-inc/southfield-michigan-48075/exchange-services-inc-timeshare-resale-scam-southfield-michigan-1058297. 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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