July 06 2009 media update:
Attention Worldwide Media:
Consolidated Resorts Pre Plans Bankruptcy in violation of Federal Law. The Federal Bankruptcy Case will most likely will be filed in the State of Nevada, to be filed in the next 72 hours. The filing will be on PACER and we will provide you with the filing.
We are in the middle of a DEEP investigation that has absolutely verified Criminal Conduct on the part of Arthur Spector and his associates.
Last night all of the paying clients that flew into Las Vegas expecting to receive pre paid accommodations at The Tropicana Hotel and Circus Circus were TURNED AWAY at the specific instructions of Consolidated Resorts Vice President James MONDOYUDIAS (sp)
Here is what the front desk was provided and told to tell the guests:
We will be providing updated coverage on this as well as all of the names of the guests who were turned away from The Tropicana Hotel and Circus Circus. Oh... You can go to Summer Bay Resorts if you want to pay another fee.
Hey Mike Rounds... Why did you tell these guests that they could not stay at your properties?
You will not believe this story.
God Help this company!
Here is the INTERNAL MEMORANDUM from Tropicana instructing their personnel to turn away all guests:
WE WILL POST ALL OF THE NAMES OF THE VICTIMS SOON.
June 26, 2009 11:35 AM Update
Story on Tahiti Village and Consolidated Resorts To be Featured on CNN. Watch for Link... David M Weil at Goldman Sachs to be interviewed on Fraud Investigation. What will Artie Spector Do now?
Arthur Spector
Chairman The ASNY Corporate
Michael Kaplan
Chairman
Carl Hardin
Chief of Operations
http://www.blogger.com/david.weil@gs.comhttp://www.blogger.com/dperry@crilv.com
http://www.blogger.com/chardin@crilv.com
http://www.blogger.com/mkaplan@crilv.com
http://www.blogger.com/mortgageservicing@crilv.com
http://www.blogger.com/reservations@crmlv.com
http://www.blogger.com/mobrien@crilv.com
June 14, 2009 11:18 AM
Las Vegas Nevada, Update
To Our Friends, Clients, Class Action Attorneys, Government Officials , Investigative Bureaus , Our Associates and Fellow Media Members Around the World:
WHO IS TIM TIMMONS? Wait Until you hear this story! God Help you Stacy! Is Alan Thicke on the Board of Directors of Consolidated Resorts
Is DON CALBERT A LICENCED REAL ESTATE AGENT?
Goldman Sachs Personal Wealth Department is Clueless!
Goldman Sachs recommended INFLATED SALES PRICES to be sold by Consolidated.
WE HAVE THE SCRIPTS! To be posted on thid site!
Did you know Artie Spector has two Gulfstream Jets
11:19 AM The company REFUSED TO COMMENT on this even after being told we were inquiring about a potential issue that will lead to a federal indictment against their employees and owners. (This is recorded- Merely giving them a chance to comment) Evidence Tape CR35540-321220 Tahiti
We have been talking to reporters around the world since this story broke yesterday. We have received over 75 employee phone calls. If you were an employee at Consolidated Resorts and know anything about "Artie Specter and Kapplin" and the events regarding their starting of Consolidated. Do you know about the 2002-2003 Class Action Lawsuit? Do you know about the YOU SHARE PROGRAM :
" We created a program that was created to fool the unsophisticated customer. A One Bedroom unit could sell for one of five official price points. The salesperson , under this program, was told that "the more you..the sales people.. raise the prices, the more it will cost the unsuspecting customer and then by selling it at the higher price point, the salesperson and the manager and the general managers and the overrides will get more money (commission) ... so basically Spector and Kaplin created a "Shark Tank" where everyone was pinned against each other"
The illegal scheme was to be able to "participate" in the enhanced commission payout program via the You Share Program, by raising a fictitious prices (not reported to regulators) that never even existed.
(We have a signed copy of this program that we will post signed by Spector and Kaplin)
Do you know Jim Montyudas (sp) and his involvement in the company and his involvement in the coverup for Spector and Kaplin (sp) Can you detail the corporate timeline from 2002 when Consolidated Resorts was started in a garage on Tropicana by Artie Spector and Kapplin and The illegal events at Club Du Solei ? Do you have additional copies of the Agreements with their pedigree of the start of the company and the coverup that went on to protect
MUCH MUCH MORE TO COME?
WE TOLD YOU!
WE WARNED YOU!
WE PROMISED YOU!
WILL THE FBI FILE CRIMINAL CHARGES AGAINST ATTORNEY RANDY RICHARDS?
WHO IS TODD SPECTOR
WHO IS ARTHUR SPECTOR?
Owners of the time share Tahiti Village Resort on Las Vegas Boulevard South are preparing to file for bankruptcy, sources said today.
The property is owned by Consolidated Resorts, which has corporate offices on South Rampart Boulevard.
A call to the company's corporate offices this afternoon was not returned.
It is not known whether the bankruptcy filing will be for the entire company, which owns two more properties in Las Vegas as well as operations in Hawaii and Florida, or for the single property on the corner of Las Vegas Boulevard and Warm Springs Road.
The company earlier today informed its Las Vegas sales staff of nearly 600 of the planned bankruptcy filing.
Additionally, the company today shut down information booths around town, including those in various Strip resorts and along the Strip.
9:15 pm Las Vegas, Nevada Update
A Las Vegas timeshare company has shut down its sales and marketing operations and is planning to seek bankruptcy.
Consolidated Resorts Inc., which owns Tahiti, Tahiti Village and Club de Soleil in Las Vegas, made the announcement today. Tahiti Village is on Las Vegas Boulevard near the I-215 Beltway while Tahiti and Club de Soleil are on Tropicana Avenue, west of Decatur Boulevard.
"As a result of the dramatic changes in the economy and the shrinking timeshare lending environment, Consolidated Resorts, Inc. has shut down its sales and marketing operations in Las Vegas, Orlando and Hawaii and will file for bankruptcy protection," company spokesman Ken Chupinsky said in a statement. "The scarcity of lenders in the timeshare industry has made it impossible to continue the company."
The operation of the resorts will continue uninterrupted, he said.
"What doesn’t change for all of the owners that have purchased from us for over 25 years is the continued operation of the 14 resorts. The resorts will continue to operate uninterrupted so owners that have reservations do not need to worry."
Owners with questions were referred to Soleil Management, which can be reached at 1-800-775-8463.
Company officials weren't available to discuss what effect the shutdown will have on jobs.
Consolidated and its parent company, ASNY Corp., made news in 2007 when Wall Street investment bank Goldman Sachs Group Inc. said one of its real estate investment funds had made a substantial investment in ASNY's timeshare business.
But soon the economy went into a tailspin and the Wall Street Journal reported this year that by the end of 2008 the fund, Whitehall Street Global Real Estate Limited Partnership 2007, had written off to nothing its $372 million investment in ASNY.
Consolidated was sued earlier this year by Las Vegas Sands Corp.'s Palazzo resort on the Las Vegas Strip.
Palazzo alleged Consolidated had failed to open timeshare marketing booths at the Palazzo and the Shoppes at the Palazzo and owes it $8.5 million in annual rent. In its response, Consolidated said the five-year booth contracts were not enforceable. That lawsuit is pending in Clark County District Court.
A second suit was filed in the same court Tuesday against Consolidated by Casino Royale, 3411 Las Vegas Blvd. South.
Casino Royale alleged Consolidated breached an agreement to pay it for the right to operate a timeshare marketing booth used to invite prospects to a vacation ownership sales presentation.
Under the deal, Consolidated was to guarantee the property $20,000 in monthly room night revenue and buy 125,000 promotional slot play certificates per hear, the lawsuit said. Consolidated has not yet responded to that suit and its policy is to not comment on lawsuits.
ROBERT PAISOLA SPEAKS:
THIS IS AN OFFICIAL STATEMENT THAT WE WILL ONLY BE ABLE TO ACCEPT NEW VIP CLIENTS FOR THE NEXT 47 HOURS REGARDING THE TAHITI VILLAGE AND CONSOLIDATED RESORTS MATTER
IF YOU ARE WANTING TO GET INTO THE PROGRAM , VISIT http://www.blogger.com/WWW.WESTERNCAPITALVIP.COM NOW AND YOUR PAYPAL INVESTIGATION MONEY MUST BE RECEIVED IN THE NEXT 47 HOURS.
THIS IS A HUGE VICTORY FOR THE ROBERT PAISOLA FOUNDATION AND THE WESTERN CAPITAL FOUNDATION. A CLASS ACTION LAWSUIT WILL BE FILED AND WE CAN ONLY NAME YOU AS A VICTIM IN THE CIVIL COMPLAINT IF YOU ARE A VIP. YOU STILL MAINTAIN YOUR RIGHTS TO GO AFTER THE COMPANY ON A CRIMINAL BASIS AND AGAINST ATTORNEY RANDY RICHARDS, TODD SPECTOR AND ARTHUR SPECTOR EVEN IF YOU ARE NOT A VIP
MEDIA INQUIRIES ONLY AT 1-877-517-9555
Owners of Tahiti Village Resort filing for bankruptcy
By ARNOLD M. KNIGHTLY
LAS VEGAS REVIEW-JOURNAL
Consolidated Resorts, owners of the time share Tahiti Village Resort on Las Vegas Boulevard South, is filing for bankruptcy protection.
Company officials confirmed late Tuesday that they had shut down sales and marketing offices in Las Vegas, Orlando, Fla., and Hawaii.
Jobs in Las Vegas were lost.
The company blamed the “dramatic changes in the economy and the shrinking time-share environment” for the decision.
“The scarcity of lenders in the time-share industry has made it impossible to continue the company,” a statement said.
The company will continue to operate its 14 resorts in Las Vegas, Hawaii and Florida during the restructuring.
“The resorts will continue to operate uninterrupted so owners that have reservations do not need to worry,” the statement said.
Locally, the company owns the property on Las Vegas Boulevard and Warm Springs Road, and Tahiti and Club de Soleil on Tropicana Avenue.
Tahiti Village Resort shut down information booths Tuesday around town, including those in Strip resorts and along Las Vegas Boulevard.
The bankruptcy filing could be a blow to small-show operators along the Strip.
David Saxe, who operates the V Theater at the Miracle Mile Shops at Planet Hollywood Resort, said he received the call that Consolidated was filing for bankruptcy when his plane landed in Burbank, Calif., for a business trip.
Consolidated owes Saxe $100,000 for show tickets the time-share company used to lure customers.
When someone takes a tour or sits through a pitch, Saxe said, they bring the voucher to the box office.
Saxe then adds up the voucher and bills them.
He estimates time shares account for 20 percent of total show tickets bought in Las Vegas.
“I rely on the time shares. For shows like mine, it can be as much as 50 percent of our business,” Saxe said. “It’s no cash outlay like advertising.”
Consolidated Resorts Federal Case Data In All Federal Courts:
| Bankruptcy Cases | |||||||
|
| Name | Court | Case No. | Filed | Chapter |
| |
| 1 | CONSOLIDATED RESORTS | nvbke | 07-11777 | 04/03/2007 | 7 | ||
| CARSON TAYLOR CONSTRUCTION, INC. | |||||||
| 2 | CONSOLIDATED RESORTS | ilcbke | 09-90067 | 01/17/2009 | 7 | ||
| DAPHNE J JACKSON | |||||||
| 3 | CONSOLIDATED RESORTS LTD | orbk | 93-06121 | 05/20/1993 | AP | ||
| OTTER CREST CORPORATION V. CONSOLIDATED RESORTS LTD ET AL. | |||||||
| 4 | CONSOLIDATED RESORTS LTD | orbke | 93-06121 | 05/20/1993 | AP | ||
| OTTER CREST CORPORATION AND CONSOLIDATED RESORTS LTD | |||||||
| 5 | CONSOLIDATED RESORTS OF HAWAII | flsbke | 95-00269 | 02/24/1995 | AP | ||
| FELTMAN AND CONSOLIDATED RESORTS, INC | |||||||
| 6 | CONSOLIDATED RESORTS, INC | flsbke | 95-00269 | 02/24/1995 | AP | ||
| FELTMAN AND CONSOLIDATED RESORTS, INC | |||||||
| 7 | CONSOLIDATED RESORTS, INC | ganbke | 08-80944 | 10/17/2008 | 7 | ||
| EARL HOWARD MINCEMOYER AND MELANIE MIMS MINCEMOYER | |||||||
| Civil Cases | |||||||
|
| Name | Court | Case No. | Filed | NOS | Closed |
|
| 8 | CONSOLIDATED RESORTS | nvdce | 2:2005cv00612 | 05/17/2005 | 820 | 01/30/2007 | |
| George F. Tibsherany, Inc. VS The ASNY Corporation, etal | |||||||
| 9 | CONSOLIDATED RESORTS | nvdce | 2:2005cv00612 | 05/17/2005 | 820 | 01/30/2007 | |
| George F. Tibsherany, Inc. VS The ASNY Corporation, etal | |||||||
| 10 | CONSOLIDATED RESORTS | nvdce | 2:2006cv01104 | 09/07/2006 | 442 | 10/15/2008 | |
| U.S. Equal Employment Opportunity Commission v. Consolidated Resorts | |||||||
| 11 | CONSOLIDATED RESORTS LIMITED | ordce | 3:1981cv00688 | 07/28/1981 | 850 | 02/17/1987 | |
| Murphy v. Far West Federal Sav | |||||||
| 12 | CONSOLIDATED RESORTS TRAVEL, LLC | nvdce | 2:2008cv00354 | 03/18/2008 | 710 |
| |
| Addington et al v. Consolidated Realty, Inc. | |||||||
| 13 | CONSOLIDATED RESORTS TRAVEL, LLC | nvdce | 2:2008cv00491 | 04/18/2008 | 380 |
| |
| Sattari v. Consolidated Resorts, Inc. et al | |||||||
| 14 | CONSOLIDATED RESORTS TRAVEL, LLC | nvdce | 2:2008cv00980 | 07/29/2008 | 442 | 03/24/2009 | |
| Abello v. Consolidated Resorts, Inc. et al | |||||||
| 15 | CONSOLIDATED RESORTS TRAVEL, LLC | nvdce | 2:2008cv01001 | 08/04/2008 | 442 |
| |
| Melvoin v. Consolidated Realty, Inc. et al | |||||||
| 16 | CONSOLIDATED RESORTS TRAVEL, LLC | nvdce | 2:2008cv01477 | 10/27/2008 | 710 | 04/28/2009 | |
| Hennigan v. Consolidated Realty, Inc. | |||||||
| 17 | CONSOLIDATED RESORTS, INC. | nvdce | 2:2008cv00354 | 03/18/2008 | 710 |
| |
| Addington et al v. Consolidated Realty, Inc. | |||||||
| 18 | CONSOLIDATED RESORTS, INC. | nvdce | 2:2008cv00491 | 04/18/2008 | 380 |
| |
| Sattari v. Consolidated Resorts, Inc. et al | |||||||
| 19 | CONSOLIDATED RESORTS, INC. | nvdce | 2:2008cv00980 | 07/29/2008 | 442 | 03/24/2009 | |
| Abello v. Consolidated Resorts, Inc. et al | |||||||
| 20 | CONSOLIDATED RESORTS, INC. | nvdce | 2:2008cv01001 | 08/04/2008 | 442 |
| |
| Melvoin v. Consolidated Realty, Inc. et al | |||||||
| 21 | CONSOLIDATED RESORTS, INC. | nvdce | 2:2009cv01031 | 06/06/2009 | 442 |
| |
| Grimes v. Consolidated Resorts, Inc. | |||||||
| 22 | CONSOLIDATED RESORTS, INC. | nvdce | 2:2007cv01120 | 08/21/2007 | 840 | 12/11/2007 | |
| Consolidated Resorts, Inc. v. WhoIsGuard, et al. | |||||||
| 23 | CONSOLIDATED RESORTS, INC. | nvdce | 2:2008cv01337 | 10/06/2008 | 442 |
| |
| Mosey v. Consolidated Realty, Inc. et al | |||||||
| 24 | CONSOLIDATED RESORTS, INC. | nvdce | 2:2008cv01477 | 10/27/2008 | 710 | 04/28/2009 | |
| Hennigan v. Consolidated Realty, Inc. | |||||||
| 25 | CONSOLIDATED RESORTS, INC. | nvdce | 2:2007cv01576 | 11/27/2007 | 890 | 03/25/2008 | |
| Daniels et al v. Consolidated Realty, Inc. | |||||||
| Appellate Cases | |||||||
| 26 | CONSOLIDATED RESORTS | 09cae | 07-15336 | 03/06/2007 | 3820 | 05/21/2007 | |
| GEORGE F. TIBSHERANY v. CARSON CONSTRUCTION, et al | |||||||
| 27 | CONSOLIDATED RESORTS, INC. | 09cae | 08-17023 | 09/15/2008 | 3380 | 11/07/2008 | |
| MICHAEL SATTARI v. CONSOLIDATED RESORTS, INC., et al | |||||||
| Bankruptcy Cases | ||||||
|
| Name | Court | Case No. | Filed | Chapter |
|
| 1 | TAHITI VILLAGE SOLEIL LV, LLC | prbke | 07-06320 | 10/28/2007 | 13 | |
| MIGUEL DANILO HUDO RICCI | ||||||
Posts
2 comments:
Hoping for another update soon. We have a Quit Claim form that Tahiti Village had us sign. It was notarized at the resort but now we can't find any evidence it was filed and TV is saying we still owe them money. They took two more payments then they should have. Our credit card they had on file expired at the end of June. The website is showing we are overdue for July pmt. So far no harassing phonecalls.
edcar@telus.net
Thanks for the info on this. Those of us who have an investment there are looking for information that I don't trust Consolidated Resorts to tell us.
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