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What you need to know for 07/26/2017

Schenectady man charged in motor vehicle sale scam

Schenectady man charged in motor vehicle sale scam

Frederick Hollingshed, 47, of Schenectady, was arraigned Thursday in U.S. District Court in Albany o

Frederick Hollingshed, 47, of Schenectady, was arraigned Thursday in U.S. District Court in Albany on a 10-count indictment for alleged participation in a motor vehicle sales racket.

Hollingshed, also known as Franklin Hollingshed, has been charged with 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 they were buying motor vehicles advertised on websites through electronic mail. Authorities said no vehicles were actually for sale.

Hollingshed also allegedly misrepresented his Social Security number on a bank account application and allegedly had seven fraudulent Social Security cards in his possession.

U.S. Magistrate Judge Christian F. Hummel ordered Hollingshed held for trial. Hollingshed faces a maximum 20 years in jail for each of the eight wire fraud counts and up to five years each on the other two counts. He also faces a $250,000 fine on each count.

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