the republic logo

Former Southern California businessman pleads guilty for $13 million Internet fraud

bug
Share/Save/Bookmark

SANTA ANA, California — A former Southern California man has pleaded guilty to mail fraud for raising $13 million through a phony Internet company that used late "Happy Days" actor Tom Bosley as unwitting spokesman.

Seventy-three-year-old James Eberhart entered pleas Monday to two charges and could face a decade in federal prison.

Eberhart's been held since 2012, when he was arrested on his yacht in Malaysia after 12 years as a fugitive.

Authorities say in the 1990s, Eberhart and Eugene Carriere ran a Newport Beach firm that supposedly was creating an entertainment website called YES.

They used dozens of "boiler room" telemarketers to raise millions — with about half the money going to offshore accounts.

Carriere was arrested in Thailand in 2005 after six years on the run. He got three years in prison.

Think your friends should see this? Share it with them!

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.