{"id":55312,"date":"2024-01-22T20:27:06","date_gmt":"2024-01-23T04:27:06","guid":{"rendered":"https:\/\/cjnotebook.com\/?p=55312"},"modified":"2024-01-22T20:27:06","modified_gmt":"2024-01-23T04:27:06","slug":"defendant-in-multimillion-dollar-boiler-room-scam-that-targeted-timeshare-owners-sentenced-to-10-years-in-prison","status":"publish","type":"post","link":"https:\/\/cjnotebook.com\/?p=55312","title":{"rendered":"Defendant in Multimillion-Dollar Boiler Room Scam That Targeted Timeshare Owners Sentenced to 10 Years in Prison"},"content":{"rendered":"

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0LOS ANGELES\u00a0<\/span><\/strong><\/p>\n

\"\"A former Long Beach resident was sentenced Monday to 10 years in federal prison for leading a telemarketing scheme in which boiler room tactics were used to scam dozens of timeshare owners out of more than $5 million by giving them false promises of financial relief, officials stated.<\/span><\/p>\n

U.S. District Judge David O. Carter sentenced Michael McDonagh, 43, who is currently a resident of Cohasset, Massachusetts, and required him to pay $5.4 million in restitution.<\/span><\/span><\/p>\n

McDonagh pleaded guilty in May 2023 to one count of wire fraud.<\/span><\/p>\n

This criminal case\u2019s lead defendant, McDonagh, founded and\/or controlled several telemarketing companies\u2014Irish-based Global Transfer Inc., Costa Mesa-based Global Transfer SoCal Inc., Santa Ana-based Nationwide Transfer Inc., and Signal Hill-based Nationwide Exit Specialist Inc.\u2014that purported to offer timeshare relief. <\/span><\/p>\n

According to authorities, once one telemarketing company became inundated with consumer complaints, McDonagh formed a new company to perpetuate the fraud.<\/span><\/p>\n

From 2015 to May 2019, \u201copeners\u201d who worked for the McDonagh-controlled telemarketing companies contacted owners and offered to help them terminate their timeshare interest for a fixed fee. If the timeshare owner expressed interest in the telemarketing companies\u2019 services, the call was transferred to a “closer,\u201d who convinced victims to sign contracts with the telemarketing companies to get them out of their timeshare for a \u201cone-time fee.\u201d<\/span><\/p>\n

\"\"Within weeks of the victim paying the fee, the victims were contacted and told a series of lies to induce them to pay more money. <\/span><\/p>\n

For example, some victims were falsely told that they would obtain a large settlement payment for an additional fee based on purported litigation against the victim\u2019s timeshare company.<\/span><\/p>\n

McDonagh and his co-schemers also made false promises of securing, for an additional fee, a large \u201crestitution\u201d payment from the victim\u2019s timeshare company because the timeshare company had purportedly rented out the victim\u2019s timeshare property without the victim\u2019s permission.<\/span><\/p>\n

McDonagh or his co-schemers, whom he employed at his telemarketing companies, were responsible for actual losses of more than $5 million.<\/span><\/span><\/p>\n

The other four defendants<\/a> charged, along with McDonagh, have also pleaded guilty to one count of wire fraud and await sentencing.<\/span><\/p>\n

“[McDonagh] and those who operated in the scheme he orchestrated defrauded over 500 victims, robbing many of them of significant savings\u2014and some of over $100,000,\u201d prosecutors argued in a sentencing memorandum. \u201cDuring the multi-year scheme, [McDonagh] exhibited callousness to the plight of his victims, including telling his co-schemers to take \u2018no prisoners\u2019 and have \u2018[n]o remorse.\u2019\u201d<\/span><\/p>\n

The United States Secret Service and the Huntington Beach Police Department investigated this matter.<\/span><\/p>\n

Assistant U.S. Attorneys Thomas F. Rybarczyk of the Public Corruption and Civil Rights Section and Ian V. Yanniello of the General Crimes Section prosecuted this case.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0LOS ANGELES\u00a0 A former Long Beach resident was sentenced Monday to 10 years in federal prison for leading a telemarketing scheme in which boiler room tactics were used to scam dozens of…<\/p>\n","protected":false},"author":1,"featured_media":29042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-55312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-department-of-justice"],"yoast_head":"\nDefendant in Multimillion-Dollar Boiler Room Scam That Targeted Timeshare Owners Sentenced to 10 Years in Prison<\/title>\n<meta name=\"description\" content=\"\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0LOS ANGELES\u00a0 A former Long Beach resident was sentenced Monday to 10 years in federal prison for leading a telemarketing scheme in which\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cjnotebook.com\/?p=55312\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Defendant in Multimillion-Dollar Boiler Room Scam That Targeted Timeshare Owners Sentenced to 10 Years in Prison\" \/>\n<meta property=\"og:description\" content=\"\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0LOS ANGELES\u00a0 A former Long Beach resident was sentenced Monday to 10 years in federal prison for leading a telemarketing scheme in which\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cjnotebook.com\/?p=55312\" \/>\n<meta property=\"og:site_name\" content=\"American Justice Notebook\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AmericanJusticeNotebook\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-23T04:27:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2017\/01\/Scam-calls.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"698\" \/>\n\t<meta property=\"og:image:height\" content=\"685\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Raul\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Raul\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=55312#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=55312\"},\"author\":{\"name\":\"Raul\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#\\\/schema\\\/person\\\/f5521baddca77b521f012298775186c0\"},\"headline\":\"Defendant in Multimillion-Dollar Boiler Room Scam That Targeted Timeshare Owners Sentenced to 10 Years in Prison\",\"datePublished\":\"2024-01-23T04:27:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=55312\"},\"wordCount\":462,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=55312#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2017\\\/01\\\/Scam-calls.jpg\",\"articleSection\":[\"U.S. Department of Justice\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cjnotebook.com\\\/?p=55312#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=55312\",\"url\":\"https:\\\/\\\/cjnotebook.com\\\/?p=55312\",\"name\":\"Defendant in Multimillion-Dollar Boiler Room Scam That Targeted Timeshare Owners Sentenced to 10 Years in Prison\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=55312#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=55312#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2017\\\/01\\\/Scam-calls.jpg\",\"datePublished\":\"2024-01-23T04:27:06+00:00\",\"description\":\"\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0LOS ANGELES\u00a0 A former Long Beach resident was sentenced Monday to 10 years in federal prison for leading a telemarketing scheme in which\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cjnotebook.com\\\/?p=55312\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=55312#primaryimage\",\"url\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2017\\\/01\\\/Scam-calls.jpg\",\"contentUrl\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2017\\\/01\\\/Scam-calls.jpg\",\"width\":698,\"height\":685},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#website\",\"url\":\"https:\\\/\\\/cjnotebook.com\\\/\",\"name\":\"American Justice Notebook\",\"description\":\""Our liberty depends on the freedom of the press, and that cannot be limited without being lost." \u2014 Thomas Jefferson\",\"publisher\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cjnotebook.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#organization\",\"name\":\"American Justice Notebook\",\"url\":\"https:\\\/\\\/cjnotebook.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2014\\\/07\\\/Justice-Scales.jpg\",\"contentUrl\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2014\\\/07\\\/Justice-Scales.jpg\",\"width\":675,\"height\":231,\"caption\":\"American Justice Notebook\"},\"image\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/AmericanJusticeNotebook\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#\\\/schema\\\/person\\\/f5521baddca77b521f012298775186c0\",\"name\":\"Raul\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g\",\"caption\":\"Raul\"},\"description\":\"Raul Hernandez is a former journalist. He has worked as a newspaper reporter for more than 30 years at the El Paso Herald-Post, El Paso Times, Press Enterprise in Riverside, California and the Ventura County Star in California. He was a court reporter for more than 20 years.\",\"sameAs\":[\"https:\\\/\\\/cjnotebook.com\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Defendant in Multimillion-Dollar Boiler Room Scam That Targeted Timeshare Owners Sentenced to 10 Years in Prison","description":"\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0LOS ANGELES\u00a0 A former Long Beach resident was sentenced Monday to 10 years in federal prison for leading a telemarketing scheme in which","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cjnotebook.com\/?p=55312","og_locale":"en_US","og_type":"article","og_title":"Defendant in Multimillion-Dollar Boiler Room Scam That Targeted Timeshare Owners Sentenced to 10 Years in Prison","og_description":"\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0LOS ANGELES\u00a0 A former Long Beach resident was sentenced Monday to 10 years in federal prison for leading a telemarketing scheme in which","og_url":"https:\/\/cjnotebook.com\/?p=55312","og_site_name":"American Justice Notebook","article_publisher":"https:\/\/www.facebook.com\/AmericanJusticeNotebook","article_published_time":"2024-01-23T04:27:06+00:00","og_image":[{"width":698,"height":685,"url":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2017\/01\/Scam-calls.jpg","type":"image\/jpeg"}],"author":"Raul","twitter_misc":{"Written by":"Raul","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cjnotebook.com\/?p=55312#article","isPartOf":{"@id":"https:\/\/cjnotebook.com\/?p=55312"},"author":{"name":"Raul","@id":"https:\/\/cjnotebook.com\/#\/schema\/person\/f5521baddca77b521f012298775186c0"},"headline":"Defendant in Multimillion-Dollar Boiler Room Scam That Targeted Timeshare Owners Sentenced to 10 Years in Prison","datePublished":"2024-01-23T04:27:06+00:00","mainEntityOfPage":{"@id":"https:\/\/cjnotebook.com\/?p=55312"},"wordCount":462,"commentCount":0,"publisher":{"@id":"https:\/\/cjnotebook.com\/#organization"},"image":{"@id":"https:\/\/cjnotebook.com\/?p=55312#primaryimage"},"thumbnailUrl":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2017\/01\/Scam-calls.jpg","articleSection":["U.S. Department of Justice"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cjnotebook.com\/?p=55312#respond"]}]},{"@type":"WebPage","@id":"https:\/\/cjnotebook.com\/?p=55312","url":"https:\/\/cjnotebook.com\/?p=55312","name":"Defendant in Multimillion-Dollar Boiler Room Scam That Targeted Timeshare Owners Sentenced to 10 Years in Prison","isPartOf":{"@id":"https:\/\/cjnotebook.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cjnotebook.com\/?p=55312#primaryimage"},"image":{"@id":"https:\/\/cjnotebook.com\/?p=55312#primaryimage"},"thumbnailUrl":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2017\/01\/Scam-calls.jpg","datePublished":"2024-01-23T04:27:06+00:00","description":"\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0LOS ANGELES\u00a0 A former Long Beach resident was sentenced Monday to 10 years in federal prison for leading a telemarketing scheme in which","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cjnotebook.com\/?p=55312"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cjnotebook.com\/?p=55312#primaryimage","url":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2017\/01\/Scam-calls.jpg","contentUrl":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2017\/01\/Scam-calls.jpg","width":698,"height":685},{"@type":"WebSite","@id":"https:\/\/cjnotebook.com\/#website","url":"https:\/\/cjnotebook.com\/","name":"American Justice Notebook","description":""Our liberty depends on the freedom of the press, and that cannot be limited without being lost." \u2014 Thomas Jefferson","publisher":{"@id":"https:\/\/cjnotebook.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cjnotebook.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cjnotebook.com\/#organization","name":"American Justice Notebook","url":"https:\/\/cjnotebook.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cjnotebook.com\/#\/schema\/logo\/image\/","url":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/07\/Justice-Scales.jpg","contentUrl":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/07\/Justice-Scales.jpg","width":675,"height":231,"caption":"American Justice Notebook"},"image":{"@id":"https:\/\/cjnotebook.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/AmericanJusticeNotebook"]},{"@type":"Person","@id":"https:\/\/cjnotebook.com\/#\/schema\/person\/f5521baddca77b521f012298775186c0","name":"Raul","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g","caption":"Raul"},"description":"Raul Hernandez is a former journalist. He has worked as a newspaper reporter for more than 30 years at the El Paso Herald-Post, El Paso Times, Press Enterprise in Riverside, California and the Ventura County Star in California. He was a court reporter for more than 20 years.","sameAs":["https:\/\/cjnotebook.com\/"]}]}},"_links":{"self":[{"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/posts\/55312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55312"}],"version-history":[{"count":1,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/posts\/55312\/revisions"}],"predecessor-version":[{"id":55313,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/posts\/55312\/revisions\/55313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/media\/29042"}],"wp:attachment":[{"href":"https:\/\/cjnotebook.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}