Today, almost a year after FBI agents mysteriously raided his home, Atlantic City, New Jersey Mayor Frank Gilliam (D) stood before a federal judge and plead guilty to wire fraud.
The former rising star defrauded a youth basketball team – one he created – of over $87,000, spending it on ostentatious clothing, gourmet meals, and exotic vacations.
The FBI recovered more than $41,000 from Gilliam’s house after last year’s raid. (nj.com)
Dressed in a dark suit, Gilliam told U.S. District Judge Joseph H. Rodriguez that he founded AC Starz Basketball Club, a non-profit that he incorporated to operate a youth basketball team, and opened a bank account for the club in March 2011. From 2013 to 2018, he admitted soliciting $87,215 in donations on behalf of the club and using them for his personal expenses.
Gilliam, who was released on $100,000 unsecured bond, could face 20 years in prison when he is sentenced on Jan. 7. He also agreed to make restitution.
Assistant U.S. Attorney Sean Farrell said more than 10 people were defrauded by Gilliam.
According to federal prosecutors, Gilliam was a member of the board of trustees of the basketball club, which was funded through fees paid by the families of youth basketball players and donations from contributors. But they said he used the club funds primarily to pay for personal expenses unrelated to the team, including designer clothing and pricey restaurants.
We’re shocked, shocked we tell you that a New Jersey Democrat is corrupt. Well, maybe not. It’s unfortunate (lol) his actions reinforced the stereotypes of life in Atlantic City, as seen in the HBO smash hit “Boardwalk Empire.”
AAN Staff
The staff at American Action News are consummate professionals, who when not producing original, hard-hitting content, are scouring the internet to bring you the unfiltered news that matters to you! Our mission is to maximize your experience on our website. If we can ever be of assistance, please do not hesitate to let us know!
