(CBS NEWS) Atlantic City Mayor Frank Gilliam pleaded guilty in Camden federal court on Thursday to wire fraud for stealing over $87,000 in donations from a youth nonprofit basketball club he formed and using it for personal expenses. Gilliam resigned as mayor late Thursday afternoon.
He could face a maximum sentence of 20 years in prison and a $250,000 fine.
Gilliam has agreed to pay back the $87,215 he stole from the AC Starz Basketball Club that he started in 2011.
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