Oak Harbor Management

Granite Spire Law Group provides consumer debt collector William Weinstein with ongoing access to the confidential information of the firm’s clients.

Granite Spire Law Group is a consumer-rights law firm founded in Spring 2019 — for the purpose of representing clients referred to the firm by Timeshare Exit Team.

Unbeknownst to the firm’s clients, Granite Spire stores all confidential client information on computers and servers that belong to a consumer debt collector.

William Weinstein’s Delaware Re-Organization

In 2019, William Weinstein fundamentally re-organized his debt-collection empire.

Weinstein had operated a hedge fund that was focused on consumer-debt enforcement since January 2007. The hedge fund’s name was Ophrys, LLC, and it was a Washington company.

In February 2019, Weinstein changed the hedge fund’s name to Oak Harbor Capital, LLC. Weinstein also converted the hedge fund into a Delaware company.

In April 2019, Weinstein launched Oak Harbor Management, LLC. Oak Harbor Management was launched as a Delaware company.

In Spring 2019, William Weinstein converted his consumer-debt-enforcement hedge fund into a Delaware company.

Finally, in June 2019, Weinstein launched Oak Harbor Holdings, LLC. Oak Harbor Holdings was launched as a Delaware company.

When the re-organization was complete, William Weinstein was the owner of Oak Harbor Holdings, which was itself the owner of both Oak Harbor Capital and Oak Harbor Management. All three companies were domiciled in the State of Delaware.

In the midst of his re-organization of his debt-collection empire, Weinstein launched a consumer-rights law firm named Granite Spire Law Group. Granite Spire was founded on March 11, 2019 — less than two weeks after Oak Harbor Capital was converted into a Delaware company and less than one month before Oak Harbor Management was founded.

Within weeks of beginning a major re-organization of his vast debt-enforcement empire, William Weinstein launched a consumer-rights law firm.

Oak Harbor Management

William Weinstein testified in September 2020 that he launched Oak Harbor Management to provide “back-office support” to multiple different companies. According to Weinstein, back-office support includes information-technology services.

Weinstein testified that Oak Harbor Management provides back-office support to at least four different companies: (1) Weinstein & Riley, (2) Oak Harbor Capital, (3) the Better Business Bureau, and (4) Granite Spire Law Group.

Oak Harbor Management provides William Weinstein with ongoing access to information held by multiple different companies and organizations.

Weinstein & Riley is Weinstein’s debt-enforcement law firm. Weinstein & Riley represents many of the nation’s largest banks, credit unions, and other consumer lenders. It also represents Oak Harbor Capital. In 2009, Weinstein testified that Weinstein & Riley is “the largest firm representing creditors and creditor-rights matters in the United States.”

Oak Harbor Capital is Weinstein’s hedge fund. Oak Harbor Capital owns approximately $600 million in consumer debt. These hundreds of millions of dollars are distributed across more than twenty different investment funds — each of which is itself owned and controlled by Oak Harbor Capital.

The Better Business Bureau is a non-profit entity that claims to “promote an ethical marketplace where buyers and sellers trust each other.” Consumers regularly turn to the Better Business Bureau when deciding whether to trust a particular company.

Granite Spire Law Group is a law firm that was founded in Spring 2019 for the purpose of representing customers of Timeshare Exit Team. According to the firm’s website, Granite Spire represent consumers who have been treated unfairly by timeshare developers and debt collectors.

Weinstein is the sole owner of Weinstein & Riley and Oak Harbor Capital. He is one of two owners of Granite Spire Law Group.

Weinstein doesn’t own the Better Business Bureau. He is the organization’s lawyer.

Computers and Servers

Within weeks of its founding, Oak Harbor Management was the leaseholder of commercial-office space located on the third floor of a building located near Seattle’s Pike Place Market, at 2003 Western Avenue.

On June 1, 2019, Oak Harbor Management sub-leased Suite 345 to a consumer-rights law firm — Granite Spire Law Group.

Under the terms of the lease, Oak Harbor Management agreed to provide Granite Spire with more than office space. Oak Harbor Management also agreed to provide Granite Spire with “back-office support” that was defined to include “hardware and network support.” Oak Harbor Management specifically agreed to provide Granite Spire with “use of its computers, servers, and network architecture.”

Nothing in the lease agreement restricts the use or dissemination of the confidential client information that Granite Spire stores on Oak Harbor Management’s computers and servers.

Granite Spire Law Group uses computers and servers that belong to a consumer debt collector.

During a February 2020 deposition, Granite Spire employee Jeremy Wang identified the specific location of the computers and servers that Granite Spire uses. According to Wang, the computers and servers are located in a small room that is part of Granite Spire’s office space.

Wang also described Weinstein as having standing authority to enter Granite Spire’s office and to access the confidential information of Granite Spire clients. Wang testified that he had never been instructed to take any step whatsoever to prevent Weinstein from entering the firm’s office or from accessing a client file.

During his February 2020 deposition, Granite Spire employee Jeremy Wang identified the two doors that open into Granite Spire’s office space (Suite 340 and Suite 345). Wang also identified the location of the closet that contains the computers and servers that Granite Spire uses to store confidential client information.

2003 Western Avenue

Oak Harbor Capital and Granite Spire Law Group share office space — with each other and with Oak Harbor Management.

Oak Harbor Capital’s office address is 2003 Western Avenue, Suite 340.

Oak Harbor Management’s office address is also 2003 Western Avenue, Suite 340.

Granite Spire Law Group’s office address is 2003 Western Avenue, Suite 345.

Suite 340 and Suite 345 appear to be different office spaces. To a person standing in the third-floor elevator lobby of 2003 Western Avenue, the door to Suite 340 and the door to Suite 345 appear to open into two different office spaces. 

In reality, both doors open into the same office space. In reality, the door to Suite 340 and the door to Suite 345 both open into office space controlled by Granite Spire.

In reality, Suite 340 of 2003 Western Avenue in Seattle is a small closet-sized room in an office space otherwise occupied by a consumer-rights law firm.

Colin George is Granite Spire’s managing member. George claims that he “doesn’t know” why his consumer-rights law firm shares office space with a hedge fund that focuses on consumer-debt enforcement.

Access to Information

If it is true that Colin George doesn’t know why Granite Spire Law Group shares office space and computer servers with a consumer-debt collector, it is only because George has closed his eyes to reality and shut his ears to the truth.

Granite Spire shares office space and computers with a consumer-debt collector because the arrangement gives William Weinstein ongoing access to the confidential information of thousands of middle-class and working-class consumers.

Today, William Weinstein and Colin George claim that Weinstein can ethically own a consumer-rights law firm because Colin George is Granite Spire’s managing member. According to Weinstein and George, Weinstein has nothing to do with client representation. Weinstein claims that his role at Granite Spire involves nothing more than “strategic and logistical support.”

Debt collector William Weinstein explained why he believes that he can ethically operate a consumer-rights law firm in an October 2020 declaration.

Even if that were true — which it is not — Weinstein’s level of access to Granite Spire client information would be unchanged. Weinstein doesn’t need to participate in the representation of Granite Spire clients to secure their confidential information.

As the owner of Oak Harbor Management, Weinstein controls the company that provides Granite Spire with back-office support, which includes Granite Spire’s right to use computers, servers, and network architecture that belong to Oak Harbor Management.

The truth is that William Weinstein can secure the confidential information of Granite Spire clients simply by reviewing the files and other digital information that Granite Spire maintains on computers and servers that are under Weinstein’s direct control.

The reality is that Granite Spire was founded for the illegitimate purpose of providing Weinstein with ongoing access to the confidential information of timeshare consumers.

At the same moment in time that Weinstein founded Granite Spire, he also began and completed a fundamental re-organization of his debt-enforcement empire.

When the re-organization was complete, Weinstein owned a consumer-rights law firm that was leasing office space from a company that belongs to him, and that was storing the confidential client information of the firm’s clients on computers and servers that were under Weinstein’s control.

Granite Spire appeared to be an independent law firm that was operating independently of Weinstein — in Suite 345. Granite Spire’s office space appears to be under the firm’s exclusive control.

In reality, Granite Spire had made arrangement to store the confidential information of the firm’s clients on computers and servers controlled by William Weinstein — in Suite 340.

Granite Spire Law Group appears to be an independent law firm — dedicated to representing consumers who have been mistreated by debt collectors. In reality, the firm is something altogether different.

The Duty of Undivided Loyalty

This blog first discussed a lawyer’s duty of undivided loyalty to his clients more than one year ago — on May 24, 2020

To speak with a lawyer who is loyal to his clients, click this link

This blog post isn’t legal advice.
To schedule a free consultation with Hancock.Law, call us 24/7 at (206) 785-7019.

Another Major Win for Consumers?

Timeshare Exit Team suffers another loss to another major timeshare developer. How long until the company issues another deceptive press release?

In January 2020, Timeshare Exit Team suffered a humiliating loss to major timeshare developer Orange Lake Country Club, a.k.a. Holiday Inn Club Vacations. Days later, Timeshare Exit Team issued a press release in which company founder Brandon Reed described the loss as a “major win for consumers.”

On June 24, 2021, Timeshare Exit Team suffered another humiliating loss to another major timeshare developer — this time, to Wyndham Resorts. Timeshare Exit Team has yet to issue a press release claiming victory.

In January 2020, Timeshare Exit Team founder Brandon Reed described his company’s loss to Orange Lake Country Club as a “major win for consumers.” In June 2021, Timeshare Exit Team suffered another loss to Wyndham Resorts. Reed has yet to make a public statement.

Orange Lake — January 2020

Only days before a jury trial was scheduled to begin in a Florida federal courthouse, Timeshare Exit Team threw in the towel. Timeshare Exit Team avoided jury trial by (a) paying Orange Lake $750,000, and (b) agreeing to never again provide “timeshare-exit services” to any owner of an Orange Lake timeshare.

The settlement agreement unambiguously states that the Orange Lake timeshare owners who had trusted Timeshare Exit Team with their money got nothing from the deal. Paragraph 2 states that the agreement has no effect whatsoever on any claims that Orange Lake has against the consumers who had paid Timeshare Exit Team to end their timeshare obligations.

Incredibly, Timeshare Exit Team issued a press release describing the loss as a “major win for consumers.” The press release also claimed that Orange Lake had agreed to release 1,300 timeshare owners from their obligations.

Timeshare Exit Team’s press release claimed to have secured a “timeshare exit” for 1,300 owners of Orange Lake timeshares.

Timeshare Exit Team was similarly dishonest with Seattle’s King County Superior Court. In its answer to the Washington State Attorney General’s complaint alleging more than forty ongoing violations of the Consumer Protection Act, Timeshare Exit Team told the Court that the Orange Lake settlement was “another huge win for consumers — thanks to [Timeshare Exit Team],” and that the agreement included a timeshare exit “for more than one thousand owners.” Both statements were false.

Timeshare Exit Team tried to conceal the truth about the loss from its own customers and from the larger public, arguing that the settlement amount was a “trade secret.” In July 2021, the Court rejected the argument, and Timeshare Exit Team was finally forced to reveal the truth.

In reality, Timeshare Exit Team suffered a humiliating loss to Orange Lake Country Club, and Timeshare Exit Team customers got nothing from the deal.

Wyndham Resorts – June 2021

On June 24, 2021, Timeshare Exit Team settled a lawsuit that had been filed against it in December 2018 by Wyndham Resorts. Once again, Timeshare Exit Team entered into a confidential settlement agreement. This time, Timeshare Exit Team also agreed to a federal injunction.

The Court’s injunction is a public document. The injunction forbids Timeshare Exit Team from providing any timeshare-exit services to any Wyndham customer who has an outstanding balance on his or her “timeshare mortgage.” The injunction lasts for a period of ten years, and Timeshare Exit Team agreed to pay one thousand dollars per day for each violation that it commits.

After two and one-half years of litigation, Timeshare Exit Team has once again surrendered to a major timeshare developer.

Once again, Timeshare Exit Team is keeping the details secret — from the public and from its own customers.

So far, Timeshare Exit Team has yet to issue a deceptive and dishonest press release about the Wyndham settlement. If history is any guide, the lies and deceptive statements will start soon.

Timeshare Exit Team’s strategy —  waive the white flag of surrender.

What Is the Plan?

Years have passed since major timeshare developers filed the first of multiple federal lawsuits against Timeshare Exit Team and its founder Brandon Reed. Apparently, Timeshare Exit Team’s strategy remains unchanged — (a) pay millions of dollars in attorney fees, (b) settle the case before trial, (c) accomplish nothing for customers, and (d) conceal the truth.

Hancock.Law

If you are a Wyndham timeshare owner represented by a lawyer who was paid by Timeshare Exit Team, you should ask that lawyer some hard questions about his or her loyalty. 

For example: Did your lawyer know about ongoing settlement negotiations and fail to inform you? If so, why?

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.