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.
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.