This is an Official Western Capital VIP Announcement on
Westgate Resorts and David Siegel
Updated July 19, 2011
Comments from Utah Stories and National Boards
Before you Read this.. See what one VIP Client has to say ...
|Robert Paisola, CEO of Western Capita|
To our friends around the country:
As many of you know, we have been dealing with Westgate Resorts and its CEO, David Siegel, now for over three years. We wanted to let you know that we are having progress, (just Google Western Capital v Westgate Resorts) and you will be able to see all that we have done.
This is the copy of an EMAIL that was sent to one of our VIP clients.
Listen Carefully, Tell them to go to hell and DO NOT PAY THEM. We have many victims in line for a class action lawsuit against this company. This is the kind of email that we receive on a DAILY BASIS:
From The National Wire Services on Siegel
Next, We are Announcing that Western Capital International has formed an Alliance with 500 Westgate Resorts Victims and 47 Employees and Former Employees for the purpose of filing a National Class Action Lawsuit against Westgate Resorts and all of The David Siegel Companies, including Planet Hollywood in Las Vegas.
Special thanks to the Western Capital VIP Staff and our newest VIP CLIENT (Client Data is Always Confidential) , for the extensive legal data that has been done and will be needed to do this. Special thanks to the current employees at Westgate who are also assisting us. Your confidentiality is absolutely assured. If you are a victim of Westgate Resorts, Do your research on this project and then visit www.WesternCapitalVip.com and email us at email@example.com .
A National Conference Call will take place in the near future for the 500 New Clients and the Current Western Capital VIP Client Base (You MUST have a valid Client ID and Access Code to be present) to discuss this matter in detail.
Note to the media: The Conference Call is Closed to the Public. We will not be able to officially comment on this matter until the case is filed in Federal Court. Members of Law Enforcement will be present on the call. Our estimation is that there are over 100 Million Dollars in Damages just from what our teams have been able to uncover from (Read about David Siegel's House and Asset Sale Below) Westgate Resorts and David Siegel. (Our legal team will also be discussing this during the call) If you are a Current Westgate Employee who has been assisting us in Florida (Deeding Department and Compliance) or Las Vegas, you will be able to attend, email for details. All parties will be required to sign a confidentiality agreement, and the call will be monitored and regulated by Cisco Systems International
Westgate Resorts Class Action Lawsuit Now In Play
Nevada court might finally deliver timeshare ripoff victims the justice they deserve.Reported by Utah Stories:
It has been amazing that such a blatantly dishonest company as Westgate Resorts has been able to continue lying to customers and selling timeshare rip-off scams for as long as they have.
It actually appears that Westgate might finally get what they deserve. A class action lawsuit has been filed against Westgate Resorts that apparently has a very good shot of winning in a Nevada court.
Utah Stories has been inundated over the past three years since they wrote their initial story on Westgate: Hollywood Dreams and Timeshare Nightmares about how their salespeople were blatantly lying about the cost, fees and potential value of their timeshares for sale in Las Vegas and Miami.
To get to know Westgate you must know Westgate’s owner.
Mr. David Siegal attends events with celebrities and business moguls such as Dolly Parton, Vanna White, David Hasselhoff and even Bill Gates. All of which have had their photos taken with Mr. Siegal.
Appearing as chum buddies, Mr Siegal attempts to builds his credibility like a parasite does with his host. The Westgate offices are plastered with photos of people who we know and might trust with Mr. Siegal.
Business owners and celebrities don’t realize it might take years to wipe the slime off their hands after they touch or even pose with this guy. Mr. Siegal has the most dishonest sales force I’ve ever encountered.
These people make used car sales people look like angels. They lie, cheat and steal from customers through “gotcha” contracts or contracts they don’t honor because they assume the victim will not go through the trouble of filing an out of state lawsuit. We have found this not only personally but through the hundreds of customer testimonials we have acquired. The flood of testimonials has made me believe this would be a perfect case for a class-action lawsuit.
Robert Paisola has on his blog The TimeShare Chronicles has documents related to the lawsuit filed under Nevada court. Anyone and everyone who has posted their stories on UtahStories.com should visit his site to see how to proceed in bringing justice to Westgate and Mr. Siegal.
To learn about more of Westgate’s deceptive practices. Read about our stay in Westgate’s Miami “Five Star Luxury Resort”. Or any of our other five stories posted on this company.
Ok.. If you think this is a good idea... YOU DESERVE WHAT YOU GET... BULLSHIT!
(This was an email that was sent to a CONFIDENTIAL VIP CLIENT) Do you guys REALLY think that this will RATTLE THE DAVID SIEGEL EMPIRE... This is what happens when attorneys think too much. WE DO NOT DO THIS!
Thank you for your inquiry with regard to “getting rid of your timeshare.” The following information summarizes our main method for relieving prospective clients of personal responsibility for future timeshare payments, with ultimate surrender of your unit as our goal.
We utilize the formation of a limited liability company (LLC) as the vehicle through which you are absolved of liability. The LLC will have its own TIN (there are no tax consequences for this transaction), in order to distance you even further from ownership, and lend the LLC further individual identity. This is a legitimate tool and will pass muster against any claim against you. I cannot emphasize this enough; when the timeshare is transferred to the LLC, you no longer remain liable to the timeshare company, and when the timeshare company transfers the timeshare on its books to the LLC, you no longer have liability. However, we must be assured that the 2011 maintenance/assessment fees are current, and the timeshare unit is owned free and clear.
Your property is deeded and, therefore, the common law rules of real estate apply. Thus, as real estate, unless there is a restriction on the transfer set forth in the original deed, you have the absolute right to transfer the timeshare, and the timeshare operator has no right to reject the transfer. The transaction is absolutely legal. In other words, when the unit is transferred to another legal “entity,” liability ends. In this connection, I can safely state that the deed has no restrictions on transfer.
A private limited liability company (LLC) is created (the LLC may be created in any of the 50 states; however, our choice is based upon ease of filing and costs), before the next timeshare fees are due. We ask for a limited power of attorney allowing us to communicate with the timeshare company regarding the timeshare unit. We then transfer the timeshare by deed to the LLC, and submit the recorded deed to the timeshare company, which then transfers on its records the identification of the new owner. Thus, the entire process results in the LLC becoming the responsible entity, and removes you from liability. At such time as the LLC receives a bill for a future maintenance/assessment fees, we will apprise the timeshare company that the LLC has no funds to pay the fee, the LLC is dissolved, and the timeshare is abandoned, leaving the timeshare operator the only practical option of taking back the timeshare from the LLC.
The LLC incurs an annual state fee for filing a report as to the members and managers, but we anticipate that the LLC will be dissolved and the timeshare unit surrendered or abandoned long before any future state fee is assessed.
Our fee for our comprehensive service is $1,100.00, plus $260 in disbursements (disbursements are an approximation, based upon anticipated recording and filing fees) (the timeshare company may charge an internal transfer fee, which we will pass along to you when we know how much it will be ). Our fee is for comprehensive services, which includes filing fees for the LLC, estoppel letter from timeshare company, designation of registered agent, preparation of limited power of attorney, obtaining of TIN, preparation of transfer deeds, transmittal of deeds to Register of Deeds, notification to timeshare company, preparation of deeds of reconveyance, dissolution of LLC, recording costs, and any miscellaneous effort in connection with removing you from liability for the timeshare unit.
Please let us know if you would like to proceed. It’s important to keep in mind the date due on the next maintenance/assessment fee. A sufficient amount of time (6 weeks to two months) must be allowed to go through the process.
Fees are customarily paid in advance, and for your convenience and in order to expedite the process, we will be pleased to accept your credit card payment by phone. You may also pay by check, payable to ATTORNEY XXXX for $1,360.00.
Just as a matter of information, we have been asked many times: “Why aren’t you a member of BBB?” The reason why many “traditional” professionals like me (doctors, lawyers, dentists, architects, accountants) have chosen not to pay for membership in the BBB, is simply that the standards under which we practice our calling, as prescribed by enforceable codes of professional ethics and State licensing laws, are decidedly more stringent than any standards which BBB may prescribe. Frankly, BBB is often nothing more than a complaint bureau for consumers and a marketing tool for members. It has absolutely no authority to either resolve disputes or enforce standards. “We answer to a higher authority!” Should you wish to confirm my credentials, (MORE BS- DELETED) membership is presently inactive, since I have not practiced in that State for many years. is available online
This is CLASSIC ATTORNEY SPEAK. DO YOU THINK THAT THE FRENCH CLIENT IN THE VIDEO ABOVE WILL GIVE THESE GUYS THE TIME OF DAY? ... RIGHT! GOD I AM GLAD THAT I DID NOT TAKE THE BAR EXAM.... WHY WOULD ANYONE WANT TO BE A LAWYER WHEN A CEO CAN HIRE THEM BY THE DOZEN FOR 25,000 per year?
From The Orlando SentinelAmid the nation's continuing real-estate slump, Orlando's time-share king is attempting to sell $350 million worth of real-estate and noncore assets, including thousands of acres of undeveloped land in Central Florida.
David Siegel, president and chief executive officer of Westgate Resorts, has listed a portfolio of properties with Carlton Advisory Services Inc., an international real-estate investment-banking firm. A total of 60 assets are up for sale, from hotels to mobile homes to airplanes.
"We're selling our non-time-share assets to raise cash for our time-share operations," Siegel said Wednesday. "We're selling anything that we don't currently need for our time-share [business]."
The real estate includes a dude ranch and the once-famous Grenelefe Resort, both in Polk County, as well as land that already has government approvals for time-share construction. Carlton Advisory Services said all reasonable bids will be considered.
"We definitely have a lot of interest," said Scott Stay, an asset manager for Carlton. "These are selling closer to distressed pricing, but they're not distressed assets."
Westgate Resorts, like many time-share developers, has struggled financially since the credit markets froze in late 2008. It has cut more than one-third of its staff since then.
Siegel also slowed construction last year of his planned 90,000-square-foot mansion near Windermere, dubbed Versailles, saying he needed to dedicate more cash to the business.
About three-fourths of the property now up for sale is in Florida, though Siegel is also offering holdings in other states, including Nevada, Missouri and Tennessee, where he has time-share resorts.
The assets listed by Carlton's online-auction service include two private aircraft, a 500-room Ramada hotel in Kissimmee and the rights to develop lodging on land near the entrance to Disneyland in Anaheim, Calif.
The entire portfoliois available for viewing by registered computer users at CarltonExchange.com.
Siegel bought Grenelefe Resort for $12.8 million at a bankruptcy auction in 2002. Residents there have complained for years that Siegel has neglected the golf-and-tennis resort, which once drew celebrities but has now fallen into disrepair.
Also on the listing: River Ranch, a dude ranch on 1,700 acres along the Kissimmee River. Siegel purchased that bankrupt property at auction in 2002, too, for $5.1 million.
Previous list prices for the properties range from $2,000 for some vacant land in Polk County to $50.3 million for the Grenelefe Resort.
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