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Saturday, November 19, 2016

$500K Restitution Ordered In Businessman’s Fraud Case

OCEAN CITY — An Ocean City business owner, who pleaded guilty last spring to one count of wire fraud for his role in a $2.5 million counterfeit sports memorabilia scheme carried out over the Internet, still awaits his fate at sentencing, but this week was ordered to pay $500,000 in restitution in the case.

In January, Ocean City Brewing Company owner Joshua Shores, 41, of Pennsylvania and Ocean City, was charged in U.S. District Court in connection with a $2.5 million fraud scheme involving counterfeit sports memorabilia sold over the Internet through his various companies over a period from January 2008 to May 2013. Shores, who owns and operates the Ocean City Brewing Company, created various Internet businesses in Pennsylvania and Maryland to traffic counterfeit and fraudulent sports memorabilia.

In March, Shores entered an agreement in which he pleaded guilty to one count of wire fraud. He faces a maximum penalty of 20 years in prison along with the forfeiture of a residential property on Chicago Avenue in Ocean City along with various vehicles and other property allegedly obtained through the proceeds of the fraud scheme and many of those forfeitures have already been conducted. However, not listed among the property for potential forfeiture is the Ocean City Brewing Company on Coastal Highway in Ocean City or its sister brewery and restaurant operation in Bel Air.



Anonymous said...

i will not drink his beer.
This is morally wrong.

Anonymous said...

The OC bar crowd won't go near the place. There's an employee there who beats up on girls, and with two of his buddies, beat up a guy half his size at Pepper's closing party, lying in wait outside after they got kicked out. Other things this big ape does on the side will cost Shores his liquor license when the board finds out. Send him back to NY, Josh.