PROVIDENCE, R.I. — Federal prosecutors are asking the court to let stand Cranston estate planner Joseph Caramadre’s guilty plea to charges he defrauded terminally-ill people in an investment scheme.
They ask Judge William Smith to reject as “buyer’s remorse” and “arm-chair quarterbacking” Caramadre’s motion to withdraw his plea because of his emotional state brought on by his wife’s breakdown and what he called poor legal representation.
“A self-proclaimed master of exploiting contractual loopholes, Caramadre’s latest now seeks to find a loophole in his guilty plea by blaming, among others, his wife, his lawyers, his psychotherapist, his co-defendant, and the court,” prosecutors wrote.
Instead, they say, Caramadre knowingly entered a plea agreement after four days of “devastating” testimony in a likely three- to four-month trial.
Federal prosecutors argue Cranston lawyer Caramadre’s guilty plea should remain
March 12, 2013