Ford Shelley of Anna Nicole Smith Fame is Heading to Federal Jail and Taking some of the Thompson’s with him!!!Posted by Rose in All Things Anna Nicole Smith, Anna Nicole Smith, Celebrity Trials, Debunking the myths on ALL cases related to Anna Nicole, Exclusive Rose Speaks, Ford Shelley, G Ben Thompson, High Proflie Trials, Howard K Stern, Lin Wood, Luke Lantta, Nicole Jennings Wade, Rose Speaks Exclusive, TMZ
The Sun News.com of Myrtle Beach, South Carolina led with the headline of “Developer linked to Playboy Model to Plead Guilty to Mail Fraud” by David Wren
The article goes on to say:
“Ford Shelley Jr. – the local developer whose acquaintance with the late Playboy model Anna Nicole Smith helped fuel a media circus following her death – has agreed to plead guilty to a felony charge of mail fraud related to allegedly falsified mortgages he helped to arrange for his Pineapple Bay condominium project in Myrtle Beach.
“Even though he has agreed to plead guilty, Shelley said he is the innocent victim of a mortgage broker who misled him about the legality of a loan program that Shelley used to sell the condos. Neither Shelley nor his lawyer identified the mortgage broker.”
Nice to know poor Ford is still hollering he is the victim. Wonder what the patriarch, G. Ben Thompson, thinks of Ford Shelley taking down some of the Thompson family with him, like Gaither B Thompson, II who is to be arraigned on November 9, 2011 at 10:30 AM in Florence, South Carolina for mail fraud with two of Shelley’s other business partners; after what we can gather was Shelley testifying against them to the grand jury, per Shelley’s plea deal.
All things considered Shelley’s attorneys, Gene Connell of Surfside Beach and Brown Johnson of Florence, cut Shelley a pretty sweet deal. Shelley:
“Did devise and intend to devise a scheme and artifice to defraud a lender by means of false and fraudulent pretenses, representations, and promises.”
Shelley sold condo units at his Pineapple Bay Project, operated by his company, “Fruits of My Labor LLC” by inducing buyers to purchase the units and then Shelley would give them a large kick back in money after the sale of said property and leave that little tidbit out to HUD.
However the plea agreement is only for one count of mail fraud because of course Shelley’s hands were all over the completed loan packages minus that kick back money when mailed to GMAC Mortgage Corporation. Damn it is always the IRS or the U. S. Postal Office that gets you, Ford didn’t watching the Capone movies teach you anything?
Shelley sold the condos for $695k to $700k, all but one went into foreclosure. The condos are now selling for $135k to $155k.
Shelley entered into the plea deal on October 11, 2011. The day after Shelley plea deal was filed with the court on October 24, 2011, the federal grand jury indictment of Shelley’s brother-in-law Gaither Thompson II and two business partners for mail fraud of the same property was unsealed on October 25, 2011.
Shelley under his plea agreement was to testify to the grand jury truthfully about other parties involved. No date for his sentencing has been set, if he helps get the other guys, like in-laws, he might get some points by the court. Shelley is facing a maximum of up to 20 years in prison, a fine up to $250K, supervised release up to 3 years and a special assessment of $100.00.
So wonder if Ford and wife Gina Thompson Shelley will be invited to the holiday festivities this year?
Enjoy reading the papers.
October 24, 2011 Ford Shelley outline of Federal Criminal Charges (242)
October 24, 2011 Ford Shelley outline of Plea Agreement Federal Criminal Charges (222)
October 25, 2011 Federal Criminal Indictment of Gaither B Thompson II (430)
In what appears to be generosity the Estate of Anna Nicole Smith through the Executor Howard K. Stern filed with the federal court in South Carolina a Request for more time to enter the final agreement between the Estate and the Thompson/Shelley families until a hearing in the Probate Court in California to be held on January 24, 2012.October 21, 2011 Anna Nicole Smith\'s Estate Requests More Time to Enter Settlement Agreement (184)
My final question after watching all of these clowns since February 2007, is CAN Ford Shelley be honest? What are your thoughts is facing federal prison time suddenly turned Ford into an honest man?
We encourage all of you to join other posters to discuss all of the cases we cover. Diamond Girl runs the community part of the site and remember discuss the evidence don’t attack other posters. If you read a post that upsets you just scroll past that comment http://community.rosespeaks.com/ I seldom step on the forums that belongs to the members and is in great hands with Diamond Girl and she will be having a robust discussion there that all of you are invited to join
Visit our Download Section and pick up all of the documents related to the cases we cover.
October 30, 2011
All Rights Reserved, do not reproduce in whole or in part without the express written consent of the author.