The Latest: Feds: Mayor charged with fraud was ‘shameless’
BOSTON (AP) — The Latest on the arrest of a Massachusetts mayor on federal fraud charges (all times local):
The head of the FBI’s Boston office says a Massachusetts mayor charged with spending investor funds to buy luxury items and pay down student loan debt was “underhanded, shameless and greedy.”
FBI Special Agent in Charge Hank Shaw told reporters Thursday that Fall River Mayor Jasiel Correia used investments in his company as his “own personal ATM,” spending it on casinos, hotels, adult entertainment and a Mercedes.
Prosecutors say Correia collected more than $360,000 from investors to develop an app that was supposed to help businesses connect with target consumers. They say he spent more than $230,000 of that to support his lavish lifestyle and his political career while deceiving investors.
U.S. Attorney Andrew Lelling said: “This was not about poor accounting or honest mistakes.”
Correa was arrested early Thursday in Bridgewater. His lawyer didn’t immediately respond to a request for comment.
A Massachusetts mayor who was first elected at age 23 is facing criminal charges.
The U.S. attorney for Massachusetts announced Thursday that Fall River Mayor Jasiel Correia was arrested and charged with defrauding investors and using funds to pay for lavish lifestyle and political campaigns.
Federal prosecutors have scheduled a news conference for Thursday morning to discuss the case.
A voicemail message left at the 26-year-old Correia’s office was not immediately returned.
According to his online biography, the Democratic Correia first ran for the Fall River City Council at age 21 in 2013.
He is a lifelong city resident who attended Providence College and is the city’s first mayor of Cape Verdean descent.