Carlos Rafael released on $1M bond, puts home and business up for collateral

AR-160309855.jpg&MaxW=650New Bedford fishing magnate Carlos Rafael will be allowed to return to his Dartmouth home under strict bond conditions and to continue working while facing federal conspiracy and falsification charges, a judge ruled Wednesday. Rafael and his wife agreed to place their home on Tucker Road in North Dartmouth and the Carlos Seafood building, on South Front Street in New Bedford, as collateral for the $1 million bond. Prosecutors said the total value of the two properties is about $900,000. Magistrate Judge David H. Hennessy warned Rafael sternly during his detention hearing in U.S. District Court in Worcester that any violation of his bond could result in a warrant for his arrest and the loss of his home and business property. Read the rest here 16:51

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