EAST ST. LOUIS, Ill. (AP) — A Florida man has been ordered to spend five years in federal prison for his role in a telemarketing scam that bilked $30 million from more than 22,000 victims across North America.
Thirty-four-year-old Steven Folan of Florida’s Palm Beach County was sentenced Friday in East St. Louis to five years of post-prison supervised release.
Folan had pleaded guilty to a felony conspiracy charges.
Authorities say Folan was manager of Universal Marketing Solutions and later Creative Vacation Solutions.
The government says those companies falsely told time-share owners in unsolicited calls that they had buyers for their properties.
Prosecutors say the telemarketers solicited fees of up to several thousand dollars from victims in purported closing costs they promised to refund when the deals closed. The companies pocketed the money.
(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)