A Phenix City man was sentenced Thursday to more than 10 years in prison for his role in a conspiracy to commit mail fraud and tax fraud, U.S. Attorney George L. Beck Jr. of the Middle District of Alabama said.
Bradford Lamar Daley was given a 121-month sentence and also ordered to pay $5.8 million. Daley, who pleaded guilty in January 2014, is the second person sentenced in the scheme.
Terril Yarham, a marketing manager for Daley, pleaded guilty to one count of conspiracy to commit mail and wire fraud in February 2014 and was sentenced to six months in prison, court records show.
Over a six-year period, documents show that Daley asked individuals who were heavily burdened by debt to pay between $2,500 and $5,000 for debt elimination services. Daley promised to assume and eliminate the victims’ unsecured debt which included credit cards, signature loans, business loans, student loans and personal loans between 2005 and 2011.
The debts weren’t eliminated as promised but Daley and others working with him collected more than $6 million from more than 2,900 victims across the nation.
Adrian Gonzalez, United States Postal Inspector in Charge, Houston Division, said the scheme targeted hard-working people trying to better their future and scammed them by turning their dreams into a financial nightmare. “As part of the mission of United States Postal Inspection Service to protect Postal Service customers, this sentence sends out the message that debt elimination scammers can be brought to face justice for their crimes.”
The scheme by Daley and others was fueled by greed and deceit, said Veronica F. Hyman-Pillot, IRS Criminal Investigation Special Agent in Charge.
“Many victims across the United States were exploited as a result of Bradford Daley’s personal agenda to increase his financial wealth,” she said. “The magnitude of the tax loss to the government and the financial loss to other victims is appalling. IRS-CI will not hesitate to investigate similar illegal activity that promotes selfish gain.”
As part of Daley’s guilty plea, the government was allowed to seized nearly $400,000 from bank accounts in Columbus and Phenix City along with proceeds from the sale of United Parcel Service stores at Fort Benning and in Columbus. Daley also owned a 2008 Ford 250 pickup truck, records show.
Beck recognized the U.S. Postal Inspection Service and the IRS for their work on the case. Others included the Special Agents of the IRS - Criminal Investigation Division and IRS-Special Enforcement Programs.
The case was prosecuted by Beck and U.S. Attorney Gray Borden.---- ----