Owner, Salesman Convicted For $5M Time-Share Resale Fraud

Law360, Miami (November 22, 2013, 3:45 PM EST) -- Two men were convicted Wednesday in Florida federal court for their roles in a time-share resale telemarketing scheme that fraudulently obtained about $5 million from its victims, the U.S. Department of Justice said.

Pasquale Pappalardo, 60, of Coral Springs, Fla.., faces up to 40 years in prison and Audwin Lovinsky, 35, of Tamarac, Fla., faces a maximum 20-year sentence for their involvement with Timeshare Mega Media and Marketing Group Inc., according to the DOJ.

Both were convicted of conspiracy to commit mail fraud and wire fraud,...
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