U.S. flag

An official website of the United States government Here’s how you know

The .gov means it’s official.

Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

The site is secure.

The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Hotline

Report Fraud, Waste and Abuse
Date Published
September 28, 2015
News Type
Article
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...