Two Arrested in Central Florida Telemarketing Fraud
ORLANDO, Fla. – Officers with the Florida Department of Agriculture and Consumer Services arrested two individuals in a telemarketing fraud operation in Central Florida. A third arrest is pending.
After receiving several complaints, the department began investigating Vacation Sellers Services Inc., operating out of Orlando. The business is owned and operated by Naif Wedad O. Nazer (DOB 1/29/79), who was engaging in unlicensed telemarketing under several different corporate names.
The companies operated as boiler rooms with employees engaged in a scheme to defraud timeshare owners by claiming to have a buyer for their timeshare. The owner paid the fees, but the sales never occurred.
More than $672,000 of illegal proceeds were laundered through Nazer. This investigation identified 85 victims with total losses of $68,882. Nazer was arrested Wednesday in Irvine, California. Thomas Davis Bass (DOB 8/4/83) of St. Cloud, a sales associate with Nazer, was arrested on Jan. 29 and was booked into the Osceola County Jail. Both are charged with:
Organized scheme to defraud, a first-degree felony.
Unlicensed real estate activity, a third-degree felony.
Unlawful use of a two way communication device, a third-degree felony.
Commercial telephone solicitation without a license, a third-degree felony.
Investigators are still attempting to locate Selbert Thomas Foster (DOB 10/15/67) of Riviera Beach, another sales associate with Nazer. His arrest is pending on the same charges.