RCI Innovations inc- Gregory Fusca arrested for fraud & larceny

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

A story in the Palm Beach Post reports that Gregory Fusca, president of RCI Innovations, Inc, has been arrested and charged with five counts of the illegal use of credit cards, five counts of impersonating another person without consent, four counts of larceny and one count of organized fraud, according to the arrest report. He is currently being held in lieu of $450,000 bond at the Palm Beach County Jail.

Fusca called at least five people across the country and in Canada and said that he had found a buyer for their timeshare. The victims would then provide credit card as well as other personal information, expecting Fusca to handle the sale for a commission, the report stated. Like all of these scams- the timeshare owners never sold their property!

The reporter incorrectly referred to Fusca as a broker, but I do not believe this is correct. I was unable to find any type of brokers license for either Gregory Fusca or the company RCI Innovations, inc. I emailed the reported, but we'll see if any changes are made.

If you have been scammed by this individual, or have received solicitations from this company to sell a timeshare property, please contact the Palm Beach County Sherriffs Dept at (561)688-3000.

The original article is HERE.

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

Just got a response back from the reporter. Stated the arresting officer referred to him as a "broker" so she won't change the article. She actually sent me a link to sunbiz.org to "prove" that he is licensed.. Guess she didn't understand the difference between a business license and a real estate license..

I wish he actually had an active real estate license. At least then his victims would have been able to request compensation from the Florida Real Estate Recovery Fund- a large trust account operated by the state of Florida to provide compensation to individuals who suffer monetary damage by an act of a person with an active Florida real estate license.

I suppose that her wording is only semantics and probably doesn't make a real difference.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

I wish he actually had an active real estate license. At least then his victims would have been able to request compensation from the Florida Real Estate Recovery Fund- a large trust account operated by the state of Florida to provide compensation to individuals who suffer monetary damage by an act of a person with an active Florida real estate license.

Back in the last century, we were victims of Stroman's closing attorney in Georgia, who absconded with escrowed funds. We did eventually recover the stolen funds from Georgia's recovery fund. The whole thing was an ordeal and the only ones who came out of it smelling like a rose was Stroman.