I went on the sales presentation at Coco Bay Estates with my son, after being promised free wifi for the duration of my stay. It turns out we didn't even have wifi in our room, that should have been the only red flag I needed, but it wasn't. I was told during the sales presentation that I was being offered partial/fractional ownership in the resort (5 weeks) which I thought, was something I would love to be a part of considering they told me I could stay in places like the Four Seasons and Ritz Carlton for a fraction of the price $450 a week. I know it sounds absurd now, but the salesman was so nice and seemed so sincere, I trusted him. They told me that they would sell my timeshare, that I had been completely unhappy with for many years, they gave me what they called a earnst money or good will deposit up front with the remainder of the money to be paid at a later date. Also, they promised that they would provide a contract to give me for the next 5 years $2,600 for any of the 5 weeks that I didn't use. It also came with an annuity from a reputable company called Amerashare with a 6% transfer cost that would get me the full price of the purchase back in 25 years. Me thinking it would help me with some estate planning for my son. This sounded like a no brainer, my lucky day to encounter these nice people who were going to help to rid me of my burden and help me put some money in my pocket to help with my son since I am a single mother, my knights and shining armours. Wrong..........
Unfortunately not true, none of it was true. There is no Sale of my timeshare and no $2,600 and no Four Seasons for $450 a night let alone for the whole week. The annuity when I looked up the direction in Hong Kong is a fake company, just a mail drop. No Amerashare or any other company there. The access to the website is all you get and the prices are no better than you could do on your own. No Ritz Carltons or anything higher end than a 3 star resort. I lost a great deal of money I couldn't afford to lose. The people at Coco Bay Estates should be ashamed of themselves for shattering peoples lives. And when I contacted them they wouldn't return my money stating I signed the contract and that's that. I hope my credit card company will rule in my favor since I contested the charges. They are all in on the scam and the owners of Coco Bay Estates are from the United States and my lawyers tell me they own property. There names are Jim and Gina Correll and Jullian and Karen Rembert. I plan on holding them accountable for this fraud perpetrated by these animals. Please contact me to start a class action lawsuit so we can seize the property and homes in the United States of these fraudsters.
I was born in Costa Rica but left when I was 9 when I was adopted. I hold dual citizenship with Costa Rica and the U.S. I was re-united with my Costa Rican family in 1999. My wife and I have returned there many times. We fell for the time share scam and believe a class action suit is the only option.
We went to a presentation at the Coco bay Estates and were told we were purchasing a fractional ownership in a 1 bedroom condo. We purchased 52 weeks thinking of retiring in Costa Rica. This was 12/5/2013. I am still unable to book any weeks and cannot get anyone to write or call me back.
I read the other complaints and fear that we are part of a major scam.
I saw the response from Coco Bay Estates from the previous complaint. My question to them is why they would let these people use their resort to sell this scam if they have no responsibility? These people operated out of the 3 bedroom building and were obviously present for everyone in the condo to see. I think the bottom line is with them.
I want to use my condo and I feel that they should honor this contract and let us book our condo for as many weeks as we want. This was our retirement money and I feel like a real fool to be taken in my such crooks. My husband was having chemo for the past year and we were so looking forward to 2015 in Costa Rica.
We were also signed up for the Amerashare Annuities. Which also appears to be a scam.
Our representative was Kenneth Hastings and Steve Henline. The compliance gal was Chantel Matthew. Also dealt with Natalia Garcia from my private residence club.
Not only are out the money we paid but also traded in two timeshares that we can no longer use.
The bottom line is that these condos exist and Coco Bay Estates should be held accountable. Per the contract they could take what we paid and apply to the purchase of the condo, lot or villa. At least we would own something.
strolling along hermosa beach a man approached my wife and i. we are selling fractional time shares at coco bay estates, why don't you come for breakfast and check us out and its free to just see us. we went and did kenneth hastings and steve henline lure us in hook line and sinker. promised us 5 weeks vacation a year and selling back out weeks at $2500.00 per week, selling our other time share for us for the down payment, and many other wonderful things to just purchase this fractional time share. well after giving these crooks $52,000.00 we have been left with nothing. we gave good faith but they stole our money, our trust, and completely lied to us. we have been trying to get our monies back but to no avail. we hope no others get ripped off. keep away from these people.
Coco Bay Estates Reviews
I went on the sales presentation at Coco Bay Estates with my son, after being promised free wifi for the duration of my stay. It turns out we didn't even have wifi in our room, that should have been the only red flag I needed, but it wasn't. I was told during the sales presentation that I was being offered partial/fractional ownership in the resort (5 weeks) which I thought, was something I would love to be a part of considering they told me I could stay in places like the Four Seasons and Ritz Carlton for a fraction of the price $450 a week. I know it sounds absurd now, but the salesman was so nice and seemed so sincere, I trusted him. They told me that they would sell my timeshare, that I had been completely unhappy with for many years, they gave me what they called a earnst money or good will deposit up front with the remainder of the money to be paid at a later date. Also, they promised that they would provide a contract to give me for the next 5 years $2,600 for any of the 5 weeks that I didn't use. It also came with an annuity from a reputable company called Amerashare with a 6% transfer cost that would get me the full price of the purchase back in 25 years. Me thinking it would help me with some estate planning for my son. This sounded like a no brainer, my lucky day to encounter these nice people who were going to help to rid me of my burden and help me put some money in my pocket to help with my son since I am a single mother, my knights and shining armours. Wrong..........
Unfortunately not true, none of it was true. There is no Sale of my timeshare and no $2,600 and no Four Seasons for $450 a night let alone for the whole week. The annuity when I looked up the direction in Hong Kong is a fake company, just a mail drop. No Amerashare or any other company there. The access to the website is all you get and the prices are no better than you could do on your own. No Ritz Carltons or anything higher end than a 3 star resort. I lost a great deal of money I couldn't afford to lose. The people at Coco Bay Estates should be ashamed of themselves for shattering peoples lives. And when I contacted them they wouldn't return my money stating I signed the contract and that's that. I hope my credit card company will rule in my favor since I contested the charges. They are all in on the scam and the owners of Coco Bay Estates are from the United States and my lawyers tell me they own property. There names are Jim and Gina Correll and Jullian and Karen Rembert. I plan on holding them accountable for this fraud perpetrated by these animals. Please contact me to start a class action lawsuit so we can seize the property and homes in the United States of these fraudsters.
Scam
I was born in Costa Rica but left when I was 9 when I was adopted. I hold dual citizenship with Costa Rica and the U.S. I was re-united with my Costa Rican family in 1999. My wife and I have returned there many times. We fell for the time share scam and believe a class action suit is the only option.
Sincerely,
Jerry Gagnon
coco bay
Anyone else ripped of by coco bay in costa rica. Please contact me at [email protected]
We went to a presentation at the Coco bay Estates and were told we were purchasing a fractional ownership in a 1 bedroom condo. We purchased 52 weeks thinking of retiring in Costa Rica. This was 12/5/2013. I am still unable to book any weeks and cannot get anyone to write or call me back.
I read the other complaints and fear that we are part of a major scam.
I saw the response from Coco Bay Estates from the previous complaint. My question to them is why they would let these people use their resort to sell this scam if they have no responsibility? These people operated out of the 3 bedroom building and were obviously present for everyone in the condo to see. I think the bottom line is with them.
I want to use my condo and I feel that they should honor this contract and let us book our condo for as many weeks as we want. This was our retirement money and I feel like a real fool to be taken in my such crooks. My husband was having chemo for the past year and we were so looking forward to 2015 in Costa Rica.
We were also signed up for the Amerashare Annuities. Which also appears to be a scam.
Our representative was Kenneth Hastings and Steve Henline. The compliance gal was Chantel Matthew. Also dealt with Natalia Garcia from my private residence club.
Not only are out the money we paid but also traded in two timeshares that we can no longer use.
The bottom line is that these condos exist and Coco Bay Estates should be held accountable. Per the contract they could take what we paid and apply to the purchase of the condo, lot or villa. At least we would own something.
coco bay estate costa rica rip off
strolling along hermosa beach a man approached my wife and i. we are selling fractional time shares at coco bay estates, why don't you come for breakfast and check us out and its free to just see us. we went and did kenneth hastings and steve henline lure us in hook line and sinker. promised us 5 weeks vacation a year and selling back out weeks at $2500.00 per week, selling our other time share for us for the down payment, and many other wonderful things to just purchase this fractional time share. well after giving these crooks $52,000.00 we have been left with nothing. we gave good faith but they stole our money, our trust, and completely lied to us. we have been trying to get our monies back but to no avail. we hope no others get ripped off. keep away from these people.
They should be in jail
This company is a bunch of liars and should be in jail.