RIPR News
6:01 am
Wed June 23, 2010

RI lawmaker pleads not guilty to bank fraud

Providence, R.I. – A Rhode Island state senator has pleaded not guilty to charges that he falsified bank and tax documents when he obtained more than $1.5 million in mortgages.

Sen. Christopher Maselli, a Johnston Democrat and real estate lawyer, pleaded not guilty Tuesday to seven federal counts of bank fraud. The accusations are not related to his Senate position.

He was released after posting $10,000 bond. U.S. Magistrate Judge David Martin restricted his travel to Rhode Island, Massachusetts or Connecticut.

Maselli's lawyer, William Kettlewell, has said there was no fraud, and that several of the loans have been paid in full and others are being paid off.