Bank embezzler Joseph Mollicone Jr. owes Rhode Island $12 million; he pays $270 a month – IOTW Report

Bank embezzler Joseph Mollicone Jr. owes Rhode Island $12 million; he pays $270 a month

The Providence Journal:

PROVIDENCE — Dozens of people lined up outside Courtroom 14 at the Licht Judicial Complex Tuesday for their moment before the judge overseeing court fees, fines and restitution.

Superior Court Judge Maureen B. Keough asked about their substance abuse treatment, jobs, lives and urged a middle-aged man to pay up so he can leave his monthly courthouse visits behind.

One visitor stood out, not only for the sheer amount of restitution he owes — just shy of $12 million — but for the scope of his misdeeds: One out of every three Rhode Islanders was hurt by his thievery at the time of his crimes.

Once a year, once-fugitive banker Joseph Mollicone Jr. checks in with the court for a restitution review — a requirement that was waived in 2020, during the height of the COVID pandemic, because he makes his monthly payments so reliably, according to Craig N. Berke, spokesman for the judiciary.

“It’s my responsibility,” Mollicone,78, said Tuesday before his court appearance. “I accept that. I keep up with my payments.”  more here

11 Comments on Bank embezzler Joseph Mollicone Jr. owes Rhode Island $12 million; he pays $270 a month

  1. Makes a monthly payments so reliable, well yah he embezzled 12 mill. Just where did it go? No your honor, it’s all gone. I don’t believe it for one second. Someone like this should not be out & about in his lifetime.

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