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Re: CHECK THIS OUT - IGT CLOSED
Posted by California Teacher on 10/25/05

    On 10/24/05, mike wrote:
    > Jim Mallof has been involved in another scam some 20 years ago. I
    > have the actual article of the San Jose Mercury news about Jim
    > mallof. The DA was investigating this guy and his wife for $1
    > million scam. The scams involved scaming 350 people and they are
    > doing the same thing again. Very interesting. Any one interesting,
    > post your email and I will send you the news article in a PDF format.

    Uh, Mike? First of all, the owner/director of Travel Selections and ITS
    International Tours is named Joe Maloof, not Jim. Also, portions of the
    article from the SJ Mercury News were already posted in this forum on
    August 4 this year, so hopefully his current creditors (if they read
    this board) are aware of the criminal charges filed in 1988 and the
    subsequent prosecution. The archives of the Merc hold eight articles
    relating to the downfall of "Travel International," the Maloof's
    original company, and the millions of dollars lost by students and
    teachers whose tours were canceled and to whom no refunds were
    forthcoming.

    As far as Ron Hansen of IGT and his recent disclaimer, there seems to
    be some discrepancy as to "who owes what to whom" and what agreements
    were made when he took over the financially troubled Travel Selections
    and renamed it International Grand Tours. At least he is promising to
    make restitution to IGT clients within a year's time. That leaves those
    who lost money to Travel Selections and ITS International Tours sort of
    out in the cold. What is being done for these people? I know the Santa
    Clara DA is investigating and that there is an investigative reporter
    hot on the story. But the Maloofs are working for TSA in Tempe, AZ, as
    though there were no problems. Can anyone shed some light on this?

     
     

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