BOSTON—A Massachusetts mayor who was first elected at age 23 was charged on Oct. 11, with using investments in a company he formed as his “own personal ATM” to enjoy casinos and adult entertainment, buy a Mercedes, and pay down student loan debt.
Jasiel Correia, the mayor of Fall River, collected more than $360,000 from investors to develop an app that was supposed to help businesses connect with consumers, federal authorities say. Instead, he spent more than $230,000 of the investor funds to bankroll a lavish lifestyle and advance his political career, officials say.
