(with video below) Similar to the Timeshare Presentation Scam, this one is pulled on people who are invited to attend a travel seminar, or receive a gift or a VIP card. Were you ever pitched a presentation for something in return?
If yes, feel free to add the name of the company in the Comment section at the end of this article. But first, here is how the scam works.
Watch the video below to see a very detailed explanation of the Exclusive Club scam:
What happens to the victims? Once they arrive at the location, the marketers hold them there for hours and use aggressive sales pitches to lure the victims into buying into all kinds of shady offers.
The most promised benefit is the joining of their "exclusive club", which offers, they say, amazing deals to the buyer. The scammers have answers for every question or concern the victims might have, from credit lines to refunds.
Those who pay a ton of money to join these networks receive so-called benefit VIP Cards, which they are supposed to redeem in hotels and other sorts of accommodation worldwide. Sometimes they even get commissions based on the number of people they bring into the club to sign up.
Nonetheless, there are some legitimate companies out there that do that, but be aware of the sneaky ones. Don't fall for the VIP card if in the long run it costs you more than the benefits it brings.
Do not fall for this, as the refunds are almost impossible to get back and the success of the business is never what's promised. On the other hand, be aware of a similar scheme going around, the Travel Club Scam.
Make your family and friends aware of this scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:
Report Scammers To The FTC Here
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