Montgomery, Alabama – A gritty federal crime scene unfolded as Bradford Lamar Daley, of Phenix City, and Terril Yarham, of Missouri, faced a U.S. Magistrate Judge for their role in a $5 million debt elimination scheme.
According to court documents, the duo preyed on individuals burdened by debt from 2005 to 2011, taking payments of up to $5000 for promised debt relief that never materialized. They pocketed over $5 million in the process, only to be caught by a relentless Postal Inspection Service and IRS-CI team.
In addition to wire fraud, Daley admitted to money laundering and tax fraud, agreeing to forfeit over $5 million, property, and business interests. The plea deal reflects justice served for the victims exploited by this heartless scheme.
“Daley’s lies targeted innocent individuals,” said IRS Criminal Investigation Special Agent in Charge Veronica F. Hyman-Pillot, highlighting the commitment of law enforcement to financial fraud. U.S. Attorney George L. Beck Jr. echoed the sentiment, thanking the Postal Inspection Service and IRS for their relentless pursuit of justice.
Both defendants are staring down potential sentences of 20 years in prison, five years supervised release, and a $250,000 fine. The gritty justice system stands firm against organized crime, ensuring no financial scammers go unpunished.
The U.S. Postal Inspection Service and IRS-CI Inspectors led the investigation, with Assistant U.S. Attorney Donald Valeska handling the prosecution. For more information, contact Clark Morris at usaalm.press@usdoj.gov or (334) 551-1755.
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Key Facts
- State: Alabama
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes|Organized Crime
- Source: Official Source ↗
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