It was the crisis that kicked off the 1990s in Rhode Island.

In this segment from our Trials of the Century reports in 2015, NBC 10's Mario Hilario looks back at the events that triggered the credit union collapse that left depositors looking for their money and authorities looking for one man: Joseph Mollicone Jr.

Mollicone was the president of Heritage Loan and Investment Bank who embezzled millions of dollars. Knowing the ax was about to fall, Mollicone fled, spending about 18 months in Salt Lake City with a different look and a new name.

He finally surrendered to authorities in April 1992. It was Palm Sunday.

Mollicone was convicted of multiple counts in 1993.

https://turnto10.com/archive/trialso...

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