Caramadre’s Appeal Fails

As Ihave previously discussed, Cranston estate planner Joseph A. Caramadrecurrently sits in prison for his role in an investment scheme targeting theterminally-ill.  A district court ordered Caramadre to be held in custodyas a suicide risk while he awaits his sentencing.  Caramadre appealed thisorder.

The 1stU.S. Circuit Court of Appeals has refused to release Caramadre from prison,concluding he failed to raise a “substantial question” in contesting thedistrict court order.

Caramadrewas the mastermind behind a scheme to steal identities of terminally ill peopleand use this information to purchase investments.

SeeKatie Mulvaney, Federal Appeals Court Rules Cranston Estate Planner CaramadreShould Remain in Prison, Providence Journal, Aug. 9, 2013.