I-Team: Mob associate among 6 accused of mortgage fraud - News, Weather and Classifieds for Southern New England

I-Team: Mob associate among 6 accused of mortgage fraud

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Rhode Island State Police busted a longtime associate of the Patriarca crime family for mortgage fraud.

Frederick Carrozza, of Narragansett, and five others allegedly obtained about $4 million in mortgage financing in a complex fraud scheme.

The NBC 10 I-Team reported that a house owned by Carrozza was sold in 2006 for about $3 million. It was worth about $600,000 at the time.

The six people arrested allegedly conspired with Carrozza to get fraudulent mortgage financing and pocketed more than $2 million dollars in cash.

Carrozza was arraigned and released on $10,000 personal recognizance.

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    NBC 10's I-Team was the first investigative unit in Rhode Island.

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  • Katie Davis

    Katie Davis

    Katie Davis is an I-Team reporter at NBC 10. She joined the team in January 2010 and is excited to live and work in New England.
    Katie Davis is an I-Team reporter at NBC 10. She joined the team in January 2010 and is excited to live and work in New England.
  • Parker Gavigan

    Parker Gavigan

    Parker Gavigan is an Associated Press award-winning journalist, and was named to the NBC 10 I-Team in January 2013. Parker digs deeper to get the answers that matter to you.
    Parker Gavigan is an Associated Press award-winning journalist, and was named to the NBC 10 I-Team in January 2013. Parker digs deeper to get the answers that matter to you.
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