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Las Vegas man accused of $10M timeshare scam

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Updated: 5/25/2013 12:40 pm
EAST ST. LOUIS, Ill. (AP) -- A Las Vegas man is accused in Illinois of a timeshare scam that federal prosecutors say bilked $10 million from more than 3,000 victims across the United States, Canada and other countries.
 
   A grand jury in East St. Louis has indicted 37-year-old Michael Patrick Sullivan on conspiracy to commit wire fraud and mail fraud charges. The fraud allegedly took place from December 2006 to January 2012.

   The indictment alleges that Sullivan's Vacation Max telemarketing company falsely represented it found corporate buyers interested in acquiring blocks of timeshare units.

   The company solicited fees of up to several thousand dollars from each timeshare owner in purported pre-paid closing costs and related expenses, but no sales actually occurred.

   Online court records don't show whether he has an attorney.

   AP-WF-05-25-13 0807GMT
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