A former assistant district manager for the Social Security Administration in Rhode Island agreed to plead guilty to stealing a Coventry’s man identity and selling his stock certificates.
Randolph Hurst, 50, of West Warwick filed a plea agreement on Wednesday that stated he will plead guilty to one count each of aggravated identity theft, transportation of stolen securities and tax evasion, as well as two counts of mail fraud.
According to court documents, Hurst allegedly stole a Coventry man’s identity, and used it to sell more than $160,000 worth of stock certificates belonging to the victim. The victim claims he never authorized the deposit of the stock certificates, and that he had not endorsed the stocks.
Co-defendant Justin Silveira of Coventry, agreed to plead guilty to two counts of perjury and one count of obstruction of justice. Officials believe Silveira lied to a jury which which was investigating the case.
Officials believe Hurst and his wife spent the proceeds of the sale of stock, totaling over $160,000, on person items and expenses.
If convicted, Hurst faces up to ten years in federal prison and a fine up to 250,000 for the crimes.