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Thu, Sep 25 2025, 14:57:47Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 12345678910 ]
Subject: I'm letting go...


Author:
Freshjive
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Date Posted: Tue, Nov 30 2004, 0:16:17
In reply to: ccn666 's message, "LGM Timeshare scam" on Mon, Nov 10 2003, 3:06:30

After reading all the posted msgs, i realise that i am not alone. I've paid more than S$16K in 2001 for a junk timeshare called Calypso Plaza due to high pressure sales tactics.

Honestly, it is the shame of being conned that pisses me off more than the loss of money. My wife and i have talked it through and we've decided to throw in the towel. We will not allow them to squeeze us for more money. We didn't give in when LGM tried to pressure us into signing for CVC or Cashback nonsense a few months ago. All those names mentioned rang a bell too, Mani, Ram, Eddie etc etc. I wonder how these people sleep at night or look at themselves in the mirror? Their modus operandi on all victims... sorry, i mean customers, sounds errily familar.

I've talked to my wife and we have agreed to forget about the S$16K that i burned. It's draining my energy to regret about this huge mistake. It just serve as a reminder of how stupid i was. I'll treat this money as lost in junk stocks etc. I have stopped paying the maintenance fee. They can cancel my membership for all i care. Hang on... i don't care anymore! Though an expensive lesson, this timeshare has thought me to be much stronger in life. Personally, i have changed from a gullible dimwit to an all-questioning smart ass. A costly lesson but a lesson nonetheless. Some of you might think that i'm still a dimwit for letting LGM get away with this injustice but hey... life is short. I don't wanna dwell on this annoying episode of my life. I'm burying it 6 feet under!

I hope some of you will get back at least some of your money. As for me, i'm calling it a day. Good luck!

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Replies:
[> [> Subject: RLD scam


Author:
Abdul
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Date Posted: Tue, Dec 14 2004, 18:10:38

After reading all the posted msgs, I realise that I am not alone. I've paid more than S$8K in 2001 for a junk timeshare called Calypso Plaza by the Regency Leisure Development due to high pressure sales tactics the did.

After the last payment on May this year,they said that I will be given a certificate of the entitlement within 6 mths. After a few days I made a call to their company which was situated at Shenton Way, Shenton House but the number was no longer in used. Sensing something amiss, I call the registered office and also the company solicitors for the whereabout of the company, I was very furious to know that they are scam.

On 9 July 2004 I received a letter:

RE : REGENCY LEISURE DEVELOPMENT PTE LTD (RLD)

As you may aware, RLD has been managed and controlled at all times by Mr Dragan Djuric. You would have dealt with him and his staff with regard to the purchase of your membership and enquiries thereafter.

I am the nominee director appointed by Mr Dragan Djuric to comply with the local statutory requirement and at no time was I involved in the ownership or management of RLD and was neither required to do so.

On 14 June 2004, two employees of RLD came to see me and advise that Mr Dragan Djuric had requested them to close down the office.

To my suprise, Mr Dragan Djuric who is in full control of RLD had also left Singapore without informing the employees or myself earlier.

Upon intial investigation into the accounts of the company, there are no substantial assests avaliable. I had to referred the matter to the Commercial Affairs Department on 2 July 2004. Presently ,I am in no position to advise you further on the status of your subscription or membership but will investigate into it with the assistance of the Commercial Affairs Department.

Your names and addresses had been retrieved from files avaliable in RLD, however, if you do have any information which you can provide, you may send it to the address mentioned above. I would also advise that you do not send any cheques or payment to RLD until further notice.

Your Faithfully
Lim Say Wan

Till now I did not received any news from them. Do you guy received the same letter as mine?. Recently a lady call me regarding timeshare, but I ignore her. Hope there is something that will can really do to stop this money sucker.

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