PROVIDENCE, R.I. — A federal judge has agreed to postpone the sentencing date for Cranston estate planner Joseph Caramadre and his employee.
U.S. District Court Judge William Smith granted Caramadre’s request that his sentencing be delayed while he seeks to withdraw his guilty plea to charges that he and Raymour Radhakrishnan conspired to defraud people in a multimillion-dollar investment scheme that used dying people’s identities to buy insurance policies investors profited from after the people died. Their sentencing was set for March 29.
In court papers, Caramadre argues he should be allowed to withdraw his guilty plea because he was beset by depression exacerbated by his wife’s emotional breakdown, and had poor legal representation. Prosecutors opposed any delay, calling it a “desperate” attempt to delay the inevitable.
Federal judge delays sentencing for Cranston estate planner Caramadre
March 8, 2013