A Florida man could be sentenced to more than 500 years in prison for leading a $10 million timeshare scam in the United States and Canada.
Fabian Fleifel of Winter Springs, Florida, was convicted of conspiracy to commit mail fraud, wire fraud and bank fraud. A federal jury in Dallas also convicted Fleifel Monday of 19 counts of mail fraud telemarketing and six counts of wire fraud telemarketing.
Investigators said the 45-year-old Fleifel hired telemarketers to call timeshare owners to solicit fees in a bogus promise of buyers. Prosecutors said more than 5,000 people, include many over age 55, were victims.
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Fleifel, who was convicted on all 26 counts in the 2012 indictment, remains in custody pending sentencing.
Eleven other people earlier pleaded guilty and await sentencing.