Joseph Caramadre http://ripr.org en Joseph Caramadre's Law License Suspended http://ripr.org/post/joseph-caramadres-law-license-suspended <p>The Rhode Island Supreme Court has suspended the law license of Joseph Caramadre, the Cranston estate planner and lawyer convicted of being the architect in a scheme that exploited terminally ill people.</p><p>Caramadre has appealed his federal conviction. The state’s highest court suspended Caramdre’s right to practice law in the &nbsp;state until his appeal is resolved.&nbsp; ``Joseph Caramadre is hereby suspended from the practice of law in this state pending the outcome of his appeal and until further order of the court.’’</p> Tue, 25 Feb 2014 18:28:35 +0000 Scott MacKay 29628 at http://ripr.org Caramadre Sentencing Scheduled Monday For Fraud Schemes http://ripr.org/post/caramadre-sentencing-scheduled-monday-fraud-schemes <p>Cranston estate planner Joseph Caramadre will be sentenced Monday morning for his role in a scheme that bilked terminally ill people of 46-million dollars.</p><p>Prosecutors will ask that he be locked up for ten years.</p><p>Caramadre and an associate pleaded guilty last year to fraud and conspiracy.&nbsp; Federal prosecutors say Caramadre was the mastermind behind an investment strategy in which he stole the identities of terminally ill people.&nbsp; He illegally used that information to purchase bonds and annuities that would pay out when the person died.&nbsp;&nbsp;</p> Mon, 16 Dec 2013 15:27:25 +0000 Flo Jonic 26345 at http://ripr.org Twilight for the tea party in Rhode Island GOP http://ripr.org/post/twilight-tea-party-rhode-island-gop <p>What is the tea party’s future in Rhode Island Republican politics? RIPR political analyst Scott MacKay talks tea with the two announced GOP candidates for governor.</p><p>In April, 2010, at the height of the tea party insurgency, then-Rhode Island Gov. Don Carcieri addressed a boisterous rally on the south steps of the Statehouse. To 500 or &nbsp;so&nbsp; tea party activists, Carcieri bellowed, ``I love the tea party, I love the tea party.’’</p> Fri, 08 Nov 2013 20:02:15 +0000 Scott MacKay 24533 at http://ripr.org From RI to Virginia Guv race: The Caramadre-McAuliffe connection http://ripr.org/post/ri-virginia-guv-race-caramadre-mcauliffe-connection <p>The Washington Post has the story on how Rhode Island's Joseph Caramadre case has reverberated in the Virginia governor's race. The story, by Post reporter Laura Vozzella, describes how ``a dying mechanic wanted a few thousand dollars to leave to his wife, two sons and infant daughter. A politically connected millionaire, now running for Virginia governor, wanted to make some money. And a Rhode Island estate planner wantd to become ambassador to the Vatican.</p><p>``All three came together in late 2006 in a deal struck just two months before the 44-year old mechanic died of cancer.''</p> Tue, 29 Oct 2013 16:00:29 +0000 Scott MacKay 23940 at http://ripr.org Congressman Jim Langevin Duped By Cranston Investment Scheme http://ripr.org/post/congressman-jim-langevin-duped-cranston-investment-scheme <p>Congressman Jim Langevin says he was among the legions of people who were duped by Cranston estate planner Joseph Caramadre.&nbsp; The congressman is donating money he made as a profit from Caramadre&rsquo;s unscrupulous scheme.</p><p></p><p></p> Wed, 16 Oct 2013 12:52:36 +0000 Flo Jonic 23290 at http://ripr.org Congressman Jim Langevin Duped By Cranston Investment Scheme