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September 12, 2013 at 10:50 AM

AG announces settlement in timeshare fraud case

OLYMPIA (AP) — At least 1,500 people in Washington state who were victims of a timeshare and travel scam will receive up to $20,000 each under a settlement announced by Attorney General Bob Ferguson.

Ferguson announced Thursday that it has recovered $1.2 million from Jonathan Gibbs, who along with his wife, Christine, had claimed to handle over 30,000 timeshare transfers across the country.

The state sued the Olympia couple in June, and the attorney general’s office had said the Gibbses fooled consumers into paying them thousands of dollars to transfer ownership of their vacation timeshares to shell corporations.

Ferguson’s office says that Christine Gibbs denied any wrongdoing and cooperated by agreeing to facilitate the return of timeshare properties throughout the country. In exchange, she was dismissed from the case.

Jonathan Gibbs also denied any wrongdoing, Ferguson said, but has agreed not to sell or buy timeshares or travel-related products.

Comments | More in General news, The Blotter | Topics: fraud, settlement, timeshare

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