PROVIDENCE, R.I. -- A Silver Lake man, 51, faces felony fraud charges after representatives of the Olneyville Neighborhood Association complained that Paraiso Multiservices, a wire transfer and check cashing business, accepted money for transfer out of the country without transferring the money.
Jose Francisco Silverio Javier, alias Jose Silverio, of 532 Plainfield St. #2, was arrested on charges that he fraudulently obtained about $20,000 between Sept. 23, 2011, and June 7, 2012, according to a news release from the Rhode Island State Police.
Silverio appeared Tuesday in District Court, Providence, to hear the charges. Bail was set at $20,000 with surety, and a pre-arraignment was set for Feb. 19.
Investigators said Silverio bounced checks in trying to repay customers he learned were legal residents.