https://www.siliconvalley.com/2023/05/09/man-pleads-guilty-to-wire-fraud-in-3-5-million-southern-california-timeshare-exit-scam/

A 42-year-old man who controlled several telemarketing companies in Orange and Los Angeles counties and used them to scam dozens of timeshare owners, including elderly victims, pleaded guilty to one count of wire fraud on Monday, officials said.

Former Long Beach resident Michael McDonagh and four co-conspirators fraudulently obtained over $3.5 million from victims through a telemarketing scheme that used misleading and high-pressure sales tactics to promise financial relief to timeshare owners, according to the U.S. Justice Department and court records.