BREAKING: Mayor Arrested for Stealing Hundreds of Thousands of Dollars from Investors

Jasiel Correia, the mayor Fall River, Massachusetts, has been arrested and charged 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,” according to NBC News.

Correia, 26, collected “more than $360,000 from investors” to develop an app, then using the funds for personal reasons, authorities allege. Correia, when he was 23, became the youngest mayor to run a city as large as the one he runs.

He is facing charges of wire fraud and filing false tax returns.

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