Joe Mollicone triggered RI’s banking crisis. Where is he now?

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.

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