Young mayor arrested after using nearly a 'quarter-million dollars' of investor funds for personal gain, officials say - News Summed Up

Young mayor arrested after using nearly a 'quarter-million dollars' of investor funds for personal gain, officials say


Mayor of Fall River Jasiel Correia, now 26, was arrested after allegedly stealing $231,447 from investors – money that was supposed to develop an app which connected businesses with target consumers. The app, SnowOwl, received $360,000 from investors but federal authorities say that most of that money was spent by Correia. He also used the money for personal travel, adult entertainment and campaign funds, and even paid down his student debt. Correia was elected as city councilor in 2013 as a Democrat and then he was elected as mayor of Fall River in 2015, just one term later. Fall River is most famous for Lizzie Borden, who was accused but later acquitted of killing her father and stepmother with an ax in 1892.


Source: Fox News October 11, 2018 21:58 UTC



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