Schenectady Man Arraigned On Fraud Scheme Involving False Advertisements Of Motor Vehicles

ALBANY, NEW YORK – On Thursday, March 27, 2014, FREDERICK HOLLINGSHED, a/k/a FRANKLIN HOLLINGSHED, 47, of Schenectady, NY, was arraigned on a ten-count indictment charging him with wire fraud, misuse of a social security number, and possession with intent to use or transfer false identification documents by United States Magistrate Judge Christian F. Hummel, announced United States Attorney Richard S. Hartunian and United States Secret Service Resident Agent in Charge William Leege. Judge Hummel ordered that HOLLINGSHED be detained pending trial in this matter. 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.

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. In reality, no vehicles were ever actually for sale. In addition, HOLLINGSHED misrepresented his social security number on a bank account application and possessed seven fraudulent social security cards.

The prosecution resulted from an investigation by the United States Secret Service. The case is being prosecuted by Assistant United States Attorney Sean O’Dowd.

The indictment merely sets forth an accusation, and the defendant is presumed innocent unless and until the charges are proved beyond a reasonable doubt.