One of the owners of an alleged fraudulent time-share resale company has surrendered to U.S. Marshals in East St. Louis following her indictment by a federal grand jury last week. 35-year-old Kristina R. Cameron of Palm Beach Gardens, Florida is charged with conspiracy to commit wire fraud and mail fraud.
Federal prosecutors allege that Cameron was part of an on-going scam which would contact time-share owners and falsely claim to have found a buyer for the time-share. The victims were charged fees, typically in excess of $1000, but prosecutors say there were no buyers and the time-shares were never resold. When victims contacted the fraudulent firms for refunds, they were allegedly given bogus excuses in an attempt to delay credit card chargebacks beyond the time most credit card issuers allow for disputes. If convicted, Cameron faces up to 25 years in prison, a fine of $250,000, and five years of supervised release.