Lawsuit Claims Luxury Travel Company Duped Timeshare Investors

Luxury travel company Abercrombie and Kent has been sued for allegedly duping investors into spending millions of dollars to join high-end vacation clubs.

The plaintiffs say the vacation clubs weren't run by the travel firm, as they believed, and they lost investments of up to more than a million dollars each after the club operator went bankrupt.

The Los Angeles Superior Court lawsuit filed yesterday says plaintiffs would not have invested in the clubs had they known they weren't operated by highly reputable Abercrombie and Kent.

The suit claims intentional misrepresentation, negligence and violation of the California unfair competition law and seeks an unspecified amount in damages.

Membership in the travel clubs would have allowed participants access to luxury resort residences, yachts, private jets, luxury cars and other amenities.