With some recent postings about buying Marriott's I found this article today interesting:
EAST ST. LOUIS • A Florida man pleaded guilty to thirteen fraud charges and admitted a role in a time share telemarketing scam that cost more than 22,000 victims a total of $30 million, federal prosecutors said.
Steven Folan, 24, of Palm beach County, was manager of Universal Marketing Solutions and, later, Creative Vacation Solutions, companies that cold-called time share owners from October 2007 through January 2010 and claimed to have willing buyers. The telemarketers asked for thousands of dollars in closing costs, then simply pocketed the money, prosecutors said.
Victims hailed from all 50 states, the District of Columbia, Puerto Rico and Canada.
Folan is one of eight defendants connected to the telemarketers, prosecutors said, and all but two have pleaded guilty or plan to. The remaining pair are scheduled to go to trial next month in federal court here.
EAST ST. LOUIS • A Florida man pleaded guilty to thirteen fraud charges and admitted a role in a time share telemarketing scam that cost more than 22,000 victims a total of $30 million, federal prosecutors said.
Steven Folan, 24, of Palm beach County, was manager of Universal Marketing Solutions and, later, Creative Vacation Solutions, companies that cold-called time share owners from October 2007 through January 2010 and claimed to have willing buyers. The telemarketers asked for thousands of dollars in closing costs, then simply pocketed the money, prosecutors said.
Victims hailed from all 50 states, the District of Columbia, Puerto Rico and Canada.
Folan is one of eight defendants connected to the telemarketers, prosecutors said, and all but two have pleaded guilty or plan to. The remaining pair are scheduled to go to trial next month in federal court here.