Elder Justice: Daniel Martin Boyar Guilty To Conspiracy To Commit Mail Fraud, Wire Fraud And Timeshare Resale Scam

<h2>Leader Of Timeshare Resale Fraud Scam Targeting Elderly Victims Sentenced To Five Years In Prison For &dollar;3&period;37 Million In Losses<&sol;h2>&NewLine;<p>LAS VEGAS&comma; Nev&period; – The leader of a large-scale timeshare resale scam was sentenced today to 63 months in federal prison for defrauding more than 1&comma;000 victims&comma; many of them elderly&comma; out of more than &dollar;3&period;3 million&comma; announced U&period;S&period; Attorney Nicholas A&period; Trutanich for the District of Nevada&period;<&sol;p>&NewLine;<div class&equals;"mh-content-ad"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js&quest;client&equals;ca-pub-9162800720558968"&NewLine; crossorigin&equals;"anonymous"><&sol;script>&NewLine;<ins class&equals;"adsbygoogle"&NewLine; style&equals;"display&colon;block&semi; text-align&colon;center&semi;"&NewLine; data-ad-layout&equals;"in-article"&NewLine; data-ad-format&equals;"fluid"&NewLine; data-ad-client&equals;"ca-pub-9162800720558968"&NewLine; data-ad-slot&equals;"1081854981"><&sol;ins>&NewLine;<script>&NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi;&NewLine;<&sol;script><&sol;div>&NewLine;<p>&OpenCurlyDoubleQuote;Today’s sentence demonstrates law enforcement’s commitment to protecting vulnerable elder populations in Nevada&comma;” said U&period;S&period; Attorney Trutanich&period; &OpenCurlyDoubleQuote;Elder fraud and exploitation can have a crippling effect on victims&comma; and federal prosecutors will pursue <a class&equals;"wpil&lowbar;keyword&lowbar;link" href&equals;"https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;tag&sol;financial-fraud&sol;amp&sol;" title&equals;"financial" data-wpil-keyword-link&equals;"linked" data-wpil-monitor-id&equals;"909">financial<&sol;a> fraudsters who exploit our most vulnerable for personal and financial gain&period;”<&sol;p>&NewLine;<p>Daniel Martin Boyar&comma; aka &OpenCurlyDoubleQuote;Wolf&comma;” 64&comma; of Orlando&comma; Florida&comma; previously pleaded guilty to conspiracy to commit mail fraud and wire fraud&comma; two counts of mail fraud&comma; and two counts of wire fraud&period; In addition to the prison term&comma; U&period;S&period; District Judge James C&period; Mahan sentenced Boyar to three years of supervised release and ordered him to pay &dollar;3&period;37 million in restitution to the victims of the fraud scheme&period;<&sol;p>&NewLine;<p>Between October 2010 to April 2012&comma; Boyar&comma; the admitted leader of the scheme&comma; and his 20 co-conspirators devised and participated in a telemarketing scam to defraud more than 1&comma;000 timeshare owners out of more than &dollar;3&period;3 million dollars&period; Using stolen data to identify timeshare owners&comma; the defendants promised to sell the timeshares in return for the owner paying in advance half of the costs associated with the purported sales&period; There were no buyers and the timeshare sales never occurred&period; This is a common criminal telemarketing scheme known as &OpenCurlyDoubleQuote;the buyer’s pitch&period;” Boyar was directly responsible for more than &dollar;3&period;3 million in losses to the victims&period;<&sol;p>&NewLine;<p>The scam operated out of Orlando&comma; Florida&comma; under numerous business names including Holiday Advertising&comma; First Capital Financial Services Corporation&comma; Professional Concepts LLC&comma; TeleTeton Corporation&comma; Redline Funding LLC&comma; Great West Funding Incorporated&comma; Equity Financial Services LLC&comma; Beneficial Business Solutions&comma; Eastern Enterprises LLC&comma; Vacation Funding Partners LP&comma; Property&comma; People&comma; Travel&comma; and Community Funding Corporation&comma; using fake front companies in various cities across the United States&comma; including Las Vegas&comma; Nevada&period; Boyar and his co-conspirators would use false identities and lease temporary office spaces around the country&period; This allowed them to establish front companies using inactive companies which made the scam appear legitimate&period; Using voice-over-internet phone systems&comma; they spoofed telephone numbers that made it appear that they were calling from the location of the fake front company&period; Callers in the scheme pretended to be in the distant office&comma; using the internet to track the weather and local news in the location of the fake front company and inviting victims to view the leased building on mapping websites&period; The conspirators created websites with materially false and misleading information to include customer testimonials&comma; company officers&comma; and press releases&period;<&sol;p>&NewLine;<p>Twenty of Boyar’s co-conspirators were charged and have pleaded guilty for their involvement in this fraud scheme&period; Six&comma; in addition to Boyar&comma; have been sentenced&period; The remainder await sentencing&period;<&sol;p>&NewLine;<p>The case was investigated by the FBI&comma; the U&period;S&period; Postal Inspection Service&comma; and the Florida Department of Agriculture and Consumer Services&period; Assistant U&period;S&period; Attorney Dan Cowhig prosecuted the case&period;<&sol;p>&NewLine;<p>Consumers should use caution when previously unknown telemarketers offer unsolicited services&period; It is relatively easy for scam artists to create the appearance of legitimacy for a fraudulent business front by manipulating information available through the Internet&period; Fraudsters frequently are able to buy or steal information related to their intended victims that the victim believed was confidential&comma; helping the fraudster trick the victim into believing the fraudster is part of a legitimate business&period;<&sol;p>&NewLine;<p>Elder fraud complaints may be filed with the Federal Trade Commission at www&period;ftccomplaintassistant&period;gov or at 1-877-FTC-HELP&period; The Department of Justice provides a variety of resources relating to elder fraud victimization through its Office of Victims of Crime at www&period;ovc&period;gov&period; Additional elder justice resources&comma; training&comma; and outreach materials can be found at the Elder Justice Website at www&period;elderjustice&period;gov&period;&Tab;&Tab;&Tab;&Tab;<&sol;p>&NewLine;

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