March 12, 1998 in Nation/World

Infomercial Couple May Be Freed Today

Associated Press
 

A couple who offered a get-rich real estate scheme through late-night infomercials was forced Wednesday to spend another night in jail to await the arrival of $3 million in bail.

William McCorkle and his wife, Chantal, were expected to be released from jail today after the money was transferred from Grand Cayman to a U.S. Marshal’s account.

The two have been in jail since Tuesday when they voluntarily returned to Florida from Mexico to face a 90-count indictment charging them with fraud and the laundering of $7 million to the Cayman Islands.

The couple was unable to make bail since their U.S. assets were frozen following a May raid of their home and offices. But U.S. Magistrate Judge James Glazebrook said they could use the $3 million overseas if it was transferred to the United States.

The McCorkles are accused of misleading consumers through infomercials, seminars and videotapes on a method of making millions on foreclosed real estate.

© Copyright 1998 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Get stories like this in a free daily email


Please keep it civil. Don't post comments that are obscene, defamatory, threatening, off-topic, an infringement of copyright or an invasion of privacy. Read our forum standards and community guidelines.

You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus