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Investor Lawyers BlogFinancial Fraud: Massachusetts Mayor is Accused of Bilking Investors, Former Wells Fargo Broker Allegedly Stole $1M From Older Clients, and the LendingClub Asset Management Settles $4.27M Securities Case
26-Year Old Mayor is Arrested and Accused of Investor Fraud
Jasiel Correira, who is the mayor of Fall River, Massachusetts, has pleaded not guilty to multiple criminal counts of wire fraud and tax fraud. The 26-year-old was arrested this week following allegations that he defrauded investors of over $230K.
Correira maintains that the investor fraud allegations are false. He refuses to step down as city mayor.