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    Indicted Fall River mayor seeks to repay investors

    Fall River Mayor Jasiel Correia II.
    Jonathan Wiggs/Globe Staff/File 2018
    Fall River Mayor Jasiel Correia II.

    FALL RIVER — A Massachusetts mayor facing federal charges and a recall election says prosecutors aren’t allowing him to repay investors in his company.

    Fall River Mayor Jasiel Correia II said Wednesday he has filed a motion for a judge to allow access to lenders to repay them.

    The motion says there is $306,000 available in escrow to pay the seven lenders, and in return, the lenders would agree not to file lawsuits.

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    Correia declined to comment on where he obtained the money.

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    Prosecutors say he used investments in his cellphone app company as his ‘‘personal ATM’’ to enjoy a lavish lifestyle and pay student loan debt.

    Correia, who was 23 when first elected mayor in 2015, pleaded not guilty in October to federal tax and wire fraud charges.