A former employee of a New Jersey
Brian Corley, a k a John Corley, 28, of Little River, S.C., and formerly of Egg Harbor, N.J., pleaded guilty before U.S. District Judge Noel L. Hillman in Camden federal court to information charging him with one count of conspiracy to commit mail and wire fraud and one count of mail fraud.
Corley admitted to conspiring to defraud owners of timeshare properties by offering phony consulting services while also illegally collecting unemployment benefits, according U.S. attorney Paul J. Fishman.
Among other things, Corley admitted that he falsely told a customer that if the customer paid $25,000 to the company he worked for and exchanged timeshare points, the group would eliminate the customer’s $95,000 mortgage debt with a timeshare developer.
Corley also devised a separate scheme to defraud the New Jersey Department of Labor by collecting unemployment compensation benefits. He admitted to applying for and collecting unemployment compensation benefits to which he was not entitled.
Each of the two counts to which Corley pleaded guilty carries a maximum potential penalty of 20 years in prison and a $250,000 fine, or twice the gain or loss caused by the offense. Sentencing is currently scheduled for July 29.
