Attorney Accused of Time-Share Fraud

Share this article:
An attorney from Michigan was accused July 18 of being involved in a scam that defrauded about 20,000 time-share owners out of more than $12 million.


Roger Canzano, 53, of Rochester, MI, was accused of operating three phony appraisal companies used in the scheme, according to charges by the U.S. attorney general's office and the U.S. Postal Inspection Service. According to the indictment, telemarketers operating out of a boiler room contacted time-share owners, offering to buy their time shares if they obtained an appraisal. A second boiler-room operation referred time-share owners to appraisal companies, among which were those run by Canzano, according to the charges.


The appraisal companies would obtain the owner's credit card information and would bill them for a bogus appraisal that was merely information run off a database, according to the indictment. The owners then would receive either no offer or an offer far below market value for their time shares.


Ten other suspects were indicted in the scam in February.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

Customer Centricity Is Spurring Marketing-Tech Investments

Customer Centricity Is Spurring Marketing-Tech Investments

A majority of marketers rank customer satisfaction improvements as paramount in the technology investment decisions.

Big, Bold Moves in the C-Suite

Big, Bold Moves in the C-Suite ...

JCPenney appoints Home Depot's Marvin Ellison as CEO; Harte Hanks and JWT add hitting power to their C-level benches

Campaign Comes to the States

Campaign Comes to the States

DMN's UK-based sister publication launches Campaign US