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Travel Club Owner Agrees Not to Do Business in NJ

The owner of a travel club accused of defrauding members has agreed to dissolve his company and not do business in New Jersey.

Buena Vista Images, Getty Images

New Jersey Attorney General Jeffrey Chiesa announced Friday that Jason Krieck and his Global Travel Solutions L.LC., settled a lawsuit filed by the state in March.

The settlement requires Krieck to stop trying to collect payments from customers, pay $350,000 to the state and post a bond of at least $250,000 with the state if he opens any business that sells merchandise to customers.

He did not admit liability in the settlement.

The state alleged the Bergen County-based club did not provide promised discounts on cruises, airfares and travel packages.

At least 700 people paid between $1,000 and $10,000 plus a monthly fee to become members.

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

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