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SC developer to plead guilty to mail fraud - Live5News.com | Charleston, SC | News, Weather, Sports

SC developer to plead guilty to mail fraud

MYRTLE BEACH, S.C. (AP) - A Myrtle Beach developer who testified at a trial following the death of Anna Nicole Smith will plead guilty to a charge of mail fraud related to a local condominium development.

The Sun News of Myrtle Beach reports that Ford Shelley Jr. agreed to the plea deal in federal court papers filed last week.

The charge carries a maximum sentence of 20 years. A hearing has not yet been scheduled.

Shelley was charged with arranging fraudulent mortgages for units at his Pineapple Bay condo project.

His lawyer says Shelley was the victim of a mortgage broker who misled him about a loan program used to sell the condos.

Shelley was an acquaintance of the former Playboy model Smith and testified in a drug conspiracy trial after her death.

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