Ex-candidate for Providence City Council Pleads Guilty to Bank Fraud Charge | Office of Inspector General, Department of Housing and Urban Development

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Línea Directa

REPORTAR FRAUDE, DESPERDICIO O ABUSO

Date Published

Septiembre 28, 2015

News Type

Artículo

Link to Original

Providence Journal Newspaper

(Source: Providence Journal Newspaper) PROVIDENCE, R.I. - Federal prosecutors say a former Providence City Council candidate has pleaded guilty to conspiracy to commit bank fraud for obtaining a $157,000 federally insured mortgage loan fraudulently by using the identity of a dead person.

Authorities say 34-year-old Franchesco Franco, of Providence, a former mortgage loan originator, made false statements on a mortgage loan application and provided false documentation, including fraudulent tax returns, and pay stubs in the name of dead person to secure the loan in 2010.

Franco was a Democratic candidate for the Providence City Council Ward 11 seat who was also charged in July with election fraud relating to the 2014 election. The outcome of that case is pending...