Senator Indicted on Bank Fraud Pleads Not Guilty

Senator Indicted on Bank Fraud Pleads Not Guilty

State Sen. Christopher Maselli yesterday pleaded not guilty to seven counts of bank fraud at his arraignment in U.S. District Court.

An indictment released last week alleges that Maselli, a real estate tax attorney who lives in Johnston, falsified bank and tax forms and lied about how much money he was earning in order to get $1.5 million worth of mortgages. Maselli sought five mortgages for homes that he owned in Johnston and North Providence, as well as a car loan, according to U.S. Attorney Peter Neronha.

Maselli was released on $10,000 unsecured bond and was barred from traveling outside of Rhode Island, Massachusetts, and Connecticut.

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