September 2, 2014
LAS VEGAS (AP) - The Internal Revenue Service says eight people have been indicted in federal court in Houston in a Las Vegas-based timeshare resale scheme that bilked about 1,000 victims in the U.S. and Canada out of more than $12 million.
The IRS said Friday that 62-year-old James Assi Jariv of Las Vegas and several Jariv family members and associates in Las Vegas and Los Angeles face conspiracy, fraud and money laundering charges carrying the possibility of decades in federal prison.
The indictment was handed up under seal Oct. 24 and unsealed Friday. It says the Jarivs and other co-conspirators used several companies in Houston, Las Vegas, Los Angeles, Chicago and Seattle.
Timeshare owners were allegedly solicited to pay advance fees on an empty promise that the companies would provide timeshare buyers.