Attorney General Martha CoakleyAttorney General Martha Coakley’s office has obtained a temporary restraining order against Robert Reposa, the former owner of a Cape Cod time-share who allegedly scammed consumers out of millions.

The Navigator Beach Club and LSC Assoc., the time-share’s developer and managing entity, collected more than $1.5 million from consumers in exchange for time-share intervals at the Navigator, which were never made available for use.

In a lawsuit filed yesterday in Suffolk Superior Court, the attorney general’s office alleges the defendants’ conduct violated the Massachusetts Consumer Protection Act and the Massachusetts Real Estate Time-Share Act in connection with the construction and development of the Navigator, as well as the marketing and sale of the time-share intervals. 

The temporary restraining order prohibits Reposa and LSC from collecting money from consumers for any time-share intervals in Massachusetts.

"The defendants in this case took well over $1 million in deposits from consumers for Navigator time-share intervals, yet failed to ever complete construction on the time-share resort or even record the time-share licenses," Coakley said. "Time-share developers cannot mislead consumers by making sales pitches that promise what they cannot deliver in order to obtain hard-earned money from consumers."

Time-Share Scam Artist Shut Down

by Banker & Tradesman time to read: 1 min
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