Ray Flynn http://ripr.org en 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