Christopher Maselli's unusual request for a one-day sentence fell on deaf ears as U.S. District Judge Mary Lisi handed down the sentence in federal court in Providence and ordered him to three years supervised release once his prison term is done.
Lisi criticized the request, telling Maselli 'it trivializes the massive fraud you engaged in.' She ordered him to report to federal prison on March 10.
Maselli, who until his sentencing had not spoken in court, choked up as he expressed remorse for his crimes.
'I am sorry to my family, my friends, and anyone associated or affected by my actions,' he said.
Maselli, 38, initially pleaded not guilty to eight counts of bank fraud -- each punishable by up to 30 years in prison -- but changed his pleas to guilty in November. His plea was not part of an agreement with prosecutors, who asked for a nearly four-year sentence and an $80,000 fine. Lisi declined to impose the fine, noting that the money would be better spent repaying the fraudulent loans."
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