Diossa Wins Rhode Island General Treasurer Race

Diossa Wins Rhode Island General Treasurer Race

Former Central Falls Mayor and Democrat James Diossa has won the general treasurer's office.

He will be responsible for managing the approximately $10 billion retirement fund for state. 

He defeated Republican James Lathrop 54.2% to 45.7% with 99% reporting.

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Diossa has been under scrutiny after a GoLocal investigative series unveiled that as Mayor of the impoverished city, he had traveled more than 40 times — more than ten times outside of the country — and there are missing financial documents relating to the costs.

Lathrop picked up late endorsements from Wall Street whistleblower Ted Siedle and one of the state’s largest unions.

But, those endorsements could not overcome the fundraising and organizational advantage by Diossa.