Schenectady man arraigned on fraud charges

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ALBANY, N.Y. – A Schenectady man was arraigned on a ten-count
indictment Thursday.

Frederick Hollingshed, also known as Franklin Hollingshed, 47,
was arraigned on charges of wire fraud, misuse of a social security number, and
possession with intent to use or transfer false identification documents.

According to the indictment, Hollingshed obtained $66,001.80
from people who believed that they were buying motor vehicles advertised on
websites and through electronic mail. No vehicles were ever actually for sale.

Hollingshed is also accused of misrepresenting his social
security number on a bank account application and possessed seven fraudulent social
security cards.

The prosecution is a result of an investigation by the
United States Secret Service.

Hollingshed was ordered to be detained pending trial. He
faces a maximum term of imprisonment of 20 years on each of the eight wire
fraud counts and up to five years on each of the other counts. He also faces a
fine of up to $250,000 on each count.

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