Retired Condo Board President Runs Elaborate Timeshare Scam from Poolside Cabana
Herbert Kleinschmidt, 72, was caught running a $3.2 million fraudulent timeshare operation targeting midwestern retirees from his gated community's poolside tiki bar. Witnesses reported Kleinschmidt used complimentary rum punch and professionally designed brochures featuring doctored beach photos to lure unsuspecting victims.