Atlantic City mayor resigns after pleading guilty
CAMDEN, N.J. — Atlantic City's mayor resigned hours after pleading guilty to wire fraud, admitting he defrauded a youth basketball club he had founded out of $87,000.
Frank Gilliam Jr. appeared Thursday in federal court in Camden, where it emerged that half that amount of money he took from the Atlantic City Starz was recovered from his home when FBI agents raided it in December.
Gilliam, 49, was released after posting a $100,000 bond with the court.
Gilliam told the judge he stole funds raised from donors in Atlantic City and Philadelphia, using the money for personal expenses from 2013 and 2018. He was elected mayor in 2017 after serving as a City Councilman.
Gilliam could face 20 years in prison when he is sentenced Jan. 7. He also agreed to make restitution for the fraud.