Schenectady man arraigned on fraud charges - NEWS10 ABC: Albany, New York News, Weather, Sports

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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