Federal judge jails estate lawyer as flight risk, nixes 'bizarre' effort to revoke plea
A Rhode Island estate planning lawyer’s effort to revoke his guilty plea in a controversial $30 million elder insurance fraud case was a “bizarre” and unjustified “hatchet job” on Joseph Caramadre’s former counsel, a federal judge said Monday.
U.S. District Judge William Smith not only nixed Caramadre’s bid for a new trial but agreed with prosecutors in the Providence case that he should immediately be jailed as a flight risk, pending his sentencing in July, report the Associated Press and the Providence Journal.
“It was amazing to watch a defendant perjure himself saying he perjured himself the first time,” the judge said.
Caramadre and an employee were charged with defrauding dying individuals into allowing insurance investments to be made in their names. They pleaded guilty to wire fraud and conspiracy shortly after their trial began in November.
ABAJournal.com: “Trial Begins for Estate Planning Lawyer Who Bought Annuities for the Dying; Was His Idea Legal?”
ABAJournal.com: “Lawyer Accused of Misusing IDs of Terminally Ill in $30M Investment Scheme Takes Plea”
ABAJournal.com: “Estate lawyer asks to revoke plea, now wants trial in $30M elder insurance fraud case”