This week, it was announced that an Orlando, Florida man had pleaded guilty for his role in a telemarketing scheme. 62-year-old Daniel Martin Boyar of Orlando was involved in a scheme to defraud more than 1,000 victims. Many of the victims were elderly. The victims were swindled out of more than $3.3 million. Boyer aka “Wolf” pleaded guilty to a single count of conspiracy to commit mail fraud and wire fraud, two counts of wire fraud and two counts of mail fraud.
The guilty plea was accepted and sentencing has been scheduled for May 22, 2018. The defendant faces a maximum penalty of 20 years in prison and a $250,000 fine. He will also face restitution in an amount not exceeding $3.5 million. According to admissions made as a part of the guilty plea, Boyer was the leader of the scheme, which was carried out from October 2010 to April 2012. Boyer and his co-conspirators devised and carried out a telemarketing scheme to cheat timeshare owners out of their money.
They promised to sell their timeshares in return for the owners paying in advance. In reality, there were no buyers and the sales were never arranged and never occurred. This type of criminal scheme is commonly referred to as a “buyer’s pitch”. The scam was operated under numerous names, including the following.
- Holiday Advertising
- Professional Concepts LLC
- Redline Funding LLC
- Great West Funding Incorporated
- First Capital Financial Services Corporation
Those involved moved their business from state to state and changed the name roughly every 90 days. They also created websites with false and misleading information in an attempt to lure new victims. 62-year-old Daniel Martin Boyar pleaded guilty and is scheduled to be sentenced on May 22, 2018. Additional details can be found here.