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Cranston philanthrophist, past employee plead guilty to fraud of terminally ill, insurance companies / Photos

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By Mike McKinney
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PROVIDENCE JOURNAL PHOTOS / KATHY BORCHERS

With his lawyer, Michael J. Lepizzera, Joseph Caramadre, left, and his former employee Raymour Radhakrishnan, right, leave federal court today after pleading guilty.

PROVIDENCE, R.I. -- Abruptly ending their trial, Cranston philanthropist Joseph A. Caramadre and a past employee pleaded guilty Monday to wire and mail fraud, identity theft and conspiracy in a multi-pronged scheme in which they defrauded terminally ill people and insurance companies.

Under the plea agreement, Caramadre and the former employee, Raymour Radhakrishnan, each face up to 10 years in prison in addition to supervised release at their sentencing, which U.S. District Judge William E. Smith set for Feb. 8.

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U.S. Attorney Peter Neronha holds a news conference on the steps of the Federal Courthouse after Caramadre and Radhakrishnan plead guilty Monday.


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