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Pinellas County man sentenced in fraudulent timeshare marketing scheme

 
Published July 28, 2015

A Pinellas County man was sentenced Tuesday to two years in prison for a timeshare marketing scheme that resulted in $900,000 in losses for its victims.

James Holmes, 55, was found guilty in June for first-degree grand theft for his role in the scheme, the Attorney General's office said in a news release.

Holmes handled sales operations for Buy Owner Resort Marketing in Ormond Beach, which "purported to offer advertising to customers looking to sell their timeshares," according to the Attorney General's office.

But an investigation found that Holmes had been capitalizing on customers desperate to sell their timeshares, despite knowing there was no real market for resales.

He charged more than 1,100 people an average of $998 for marketing services that he never provided. He sold no timeshares for nearly a year.

After Holmes' two years in prison will come 10 years of probation, authorities said. He must also provide restitution to all known victims.