Sequoyah Property Business Investments LLC Reviews - Sequoyah Property Business Investments LLC Scam or Legit

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Luke –

Victim Location 22003

Total money lost $20,000

Type of a scam Travel/Vacations

Phone representative offered to buy my timeshare, and knew which one I had. Explained their company was an agent for a company wanting to have tax break under NAFTA. According to a knowledgeable person I checked with, this was a reasonable explanation. The call came at a time I was already considering selling my timeshare. Delta Title Company LLC out of Chicago became involved as the financial transactions manager. The individual there gave me his CPA agent license number, which checked out on an independent website. The arrangement required up-front money to cover the title transfer fee, wired to a bank in Mexico, which I was told was Citibank in Mexico, but later realized was not. Then they required the Mexican taxes be paid up front; then a bank fee for this process taking longer than originally contracted. My local bank officers were quite concerned the whole time, and expressed their doubts. Normally, I am more cautious, but got conned by the whole process. Lost thousands of dollars. Will simply reiterate what anyone will tell you to watch for, which I foolishly ignored: (1) Requirement for up-front payment, especially overseas. (2) Grammatical and spelling errors on the company’s website and contracts. (3) Expanding reasons why payment isn’t made to me right away as promised. Again, this is all Scam 101. The nuances I fell for were: (1) They somehow knew my timeshare. (2) The NAFTA rationale checked out. (3) The Delta Title agent had a real financial agent license on an independent site. (4) For the last transaction, the Sequoyah agent transferred some of his company’s money to the same overseas account I was transferring to, writing it off a Morgan Chase bank account in Oklahoma City, where Sequoyah is supposedly based.

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