In Spring 2019, Timeshare Exit Team founded a law firm — Granite Spire Law Group.
Granite Spire’s owner William Weinstein is a debt collector.
The firm’s manager Colin George “doesn’t know” whether Weinstein owns timeshare debt.
The Shocking Facts
Granite Spire Law Group was founded in March 2019, for the purpose of accepting client referrals from Timeshare Exit Team.
Granite Spire has two owners — William Weinstein and Colin George.
William Weinstein is a consumer-debt collector with approximately $600 million under management.
Colin George “doesn’t know” whether Weinstein collects timeshare debt.
William Weinstein is an unlikely lawyer to represent thousands of consumers who are in debt to timeshare developers.
Weinstein is the owner of Oak Harbor Capital, a hedge fund with $600 million under management and a “primary investment focus” on consumer debt. As the owner of Oak Harbor Capital, Weinstein purchases and enforces consumer debt.
Weinstein is also the owner of Weinstein & Riley, a law firm that represents some of the nation’s largest banks and consumer lenders. Weinstein & Riley also regularly represents Oak Harbor Capital. As the owner of Weinstein & Riley, Weinstein represents creditors against consumers.
Finally, Weinstein is the owner of Granite Spire Law Group, a law firm that represents consumers against timeshare developers and debt collectors. As the owner of Granite Spire, Weinstein represents consumers against creditors.
Oak Harbor Capital
Oak Harbor Capital manages twenty-four separate investment funds. Each investment fund is organized as a separate company, and each has a primary investment focus on consumer debt. Together, the different investment funds own consumer debt with a combined value of more than $600 million.
Oak Harbor Capital’s assets are distributed unevenly among the different funds. For example, Oak Harbor Capital NPL VII, LLC controls almost $160 million, whereas Trifera, LLC controls less than $1 million.
Granite Spire Clients
None of Granite Spire’s clients chose William Weinstein as their lawyer. Weinstein was chosen to represent consumers by Brandon Reed, the founder and chief executive of Timeshare Exit Team.
Weinstein actively conceals his role in firm operations from Granite Spire clients: Granite Spire’s website fails to disclose that Weinstein is the owner of Oak Harbor Capital and Weinstein & Riley.
In fact, Granite Spire’s website fails to disclose that William Weinstein is involved in the firm in any way whatsoever.
Granite Spire’s website identifies one lawyer as being responsible for the firm’s founding — Colin George.
Colin George claims to be Granite Spire Law Group’s “managing member.” As the manager of a law firm, George has a duty to eliminate all undisclosed conflicts between the interests of (a) any firm lawyer, and (b) any firm client.
George doesn’t appear to take his responsibility particularly seriously. In August 2020, George testified that he “doesn’t know” whether any of Oak Harbor Capital’s different investment funds own timeshare debt.
Stop and let that sink in:
Colin George is the managing member of a law firm that claims to be dedicated to representing consumers who have been bullied by debt collectors and timeshare developers. George conceals from his clients the fact that his partner William Weinstein has accumulated a vast fortune as a consumer-debt collector, and he “doesn’t know” whether Weinstein owns the securitized debt of major timeshare developers.
Timeshare Exit Team
Timeshare Exit Team contributes to the problems in the timeshare industry.
In Spring 2019, Brandon Reed and Timeshare Exit Team founded Granite Spire Law Group for the purpose of representing thousands of consumers against timeshare developers. William Weinstein was chosen as the firm’s leader.
Timeshare Exit Team referred thousands of clients to Granite Spire. Timeshare Exit Team concealed from them that they are being represented by a lawyer who manages a vast debt-collection empire.
Ramsey was planning to launch Collection Bully, and he wanted to form a law firm capable of accepting the tens of thousands of consumer referrals that Collection Bully was sure to generate.
Thanks to the introduction of Brandon Reed and Timeshare Exit Team, Dave Ramsey planned to generate referrals among consumers who have been bullied by debt collectors — and to refer those consumers to a law firm managed by a consumer-debt collector.
If the lawyer representing you was paid by Timeshare Exit Team, and if that lawyer has concealed from you the information on this blog, you should ask that lawyer some hard questions about his or her loyalty.
If you want to speak with a lawyer who will tell you the truth, click this link. The consultation is free.
This blog post isn’t legal advice.
To schedule a free consultation with Hancock.Law, call (206) 785-7019 or click this link.