Timeshare industry to pay hundreds of thousands of dollars in fines, refunds to settle federal allegations
By Dan Christensen, BrowardBulldog.org
Campaign contributions typically go to politicians, but timeshare owners in Broward, the state and across the country will soon split $562,000 – an amount equal to the illegal contributions collected by the political fundraising arm of the U.S. vacation industry from 2003-2007.
The payout is part of a deal between the industry and the Federal Election Commission to settle civil allegations of wrongdoing in the solicitation and distribution of millions of dollars in political contributions.
The American Resort Development Association – Resort Owners Coalition PAC will also pay a $300,000 civil penalty. It is the largest fine imposed by the FEC since 2007.