CHARLESTON (AP) — A Charleston man has pleaded guilty to setting up a fake company in a scheme to defraud time-share owners.
U.S. Attorney Booth Goodwin says 47-year-old David Andrew Glynn pleaded guilty in federal court in Charleston this week to conspiring to defraud time-share owners throughout North America.
Goodwin says Glynn admitted setting up a company named Mountain State Resales LLC. Time-share owners were told that the company had buyers for their properties and were asked to send fees and expenses necessary to complete the sales.
Glynn also posed as an agent of a fictitious entity investigating time-share fraud schemes and asked victims of prior schemes to send money to assist with recovery efforts.
Glynn admitted to receiving more than $86,000 from the scheme.
He is scheduled to be sentenced Nov. 24.