>> WESTERN USA TIMESHARE NEWS:
HOUSTON: It looks like the multimillion dollar timeshare fraud case against James Jariv, et al, is finally on its last legs. On Monday, May 18, James became the final criminal of the group to plead guilty in connection with a telemarketing fraud and money laundering scheme spanning nearly five years.
Between Feb. 1, 2011, and Jan. 31, 2012, the defendants deposited into eight bank accounts approximately $6,925,137.04 in fraudulently-obtained timeshare owner funds. Some victims reversed the charges or withdrawals, leaving approximately $5,945,433.04 in victim funds in possession of, and subsequently transferred into, other accounts controlled by the defendants. The funds in the eight victim deposit accounts were all traceable to payments received from victims.
As a result of pleas from all charged defendants, the U.S. has recovered more than $2 million for restitution to victims, many of whom are more than 55 years of age. Money judgments in both the civil forfeiture action and the criminal cases have been obtained to assist the United States in recovering the balance of the $5,945,433.04 restitution that is expected to be a part of the sentences.
The fraud conspiracy conviction carries a maximum imprisonment of 20 years in federal prison. However, because the wire/mail fraud involved telemarketing that involved 10 or more victims older than 55, federal law provides for an additional 10-year-sentence after the one imposed for the underlying conviction. Jariv also faces up to 20 years imprisonment for the money laundering conspiracy.
The pretrial diversion hearing for Jiwon Jariv, mentioned in this post, was held on May 18 and an agreement was entered, but the record has been sealed so I really can’t tell you what happened there.
James Jariv is set for sentencing July 27, 2015, while sentencing for co-defendants Alexander Jariv, Ronald Frank Muise, Leon Avedikian, Thresa Lloyd and Michael Derek Muise is set for 8/17/2015 at 01:30 PM in Courtroom 11C before Judge Lynn N. Hughes.
Originally on bond, James Jariv was taken into custody following an arrest for an unrelated bio-fuels fraud scheme in Nevada. He will remain in federal custody pending sentencing.
Meanwhile in Nevada, Jariv will be sentenced on August 5, 2015 for his role in the bio-fuels scam. There were 57 counts charged against him and he has pleaded guilty to Count 1: Conspiracy to Commit Criminal Offenses and to Defraud the United States; Count 2: Conspiracy to Launder Monetary Instruments; Counts 3 & 15: Wire Fraud and Aiding & Abetting; and Count 52: Obstruction of Justice and Aiding & Abetting.
You can get more details here and here.
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