New Jersey Man Charged In Bogus Real Estate Scheme
An indictment was unsealed Friday charging William Kevin Kelly, 58, of Ocean City, NJ, with wire fraud and money laundering, announced United States Attorney Zane David Memeger and FBI Special Agent-in-Charge George C. Venizelos. The indictment arises from Kelly's victimizing clients and investors through promised real estate deals in the Lancaster area. Through businesses such as Homelynx, Bantry Property Solutions, Multi County Properties, and For Sale by Seller Plus, which he owned and operated, Kelly - who had his real estate license revoked - promised clients and investors quick returns or results on their funds. After the victims turned over their funds, Kelly would take their money, spend it for personal purposes, and string them along with various excuses, and provide them with checks that bounced. As a result of his scheme, Kelly has victimized at least 21 clients of over $718,700.
If convicted, the defendant faces a maximum sentence of 460 years imprisonment, a three-year term of supervised release, a seven million fine, and a $2,300 special assessment.
The case was investigated by the Federal Bureau of Investigation, the Elizabethtown Borough Police Department, and is being prosecuted by Assistant United States Attorney Alexander T.H. Nguyen.
Anyone with information about the defendant is encouraged to contact the Federal Bureau of Investigation's Harrisburg Resident Agency at (717) 232-8686.
UNITED STATES ATTORNEY'S OFFICE, EASTERN DISTRICTof PENNSYLVANIA
Suite 1250, 615 Chestnut Street, Philadelphia, PA 19106
PATTY HARTMAN, Media Contact, 215-861-8525