Providence, R.I. – A Rhode Island state senator has been indicted on bank fraud charges.
Sen. Christopher Maselli, a Johnston Democrat and self-employed real estate lawyer, is accused of falsifying bank and federal tax documents and obtaining more than $1.5 million in mortgages.
The indictment, which was issued by a federal grand jury Thursday afternoon, is not connected to his Senate position.
Maselli was first elected in November 2006. His lawyer, William Kettlewell, said in a statement that several of the loans have been paid in full and some are in the process of being paid off. He says there was no fraud.
The indictment accuses Maselli of lying about his income and submitting phony bank statements to obtain mortgages on residential properties in Johnston and North Providence.