Political comeback: Caprio to run for treasurer - ABC6 - Providence, RI and New Bedford, MA News, Weather

Political comeback: Caprio to run for treasurer

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Democrat Frank Caprio Jr. may be returning to the political scene to run for General Treasurer.

Sources close to Caprio say that the former state General Treasurer and failed 2010 gubernatorial candidate will make a bid for treasurer in 2014.

In 2010 Caprio left the treasurers office to make an unsuccessful  bid for governor. Caprio faced off against Independent Governor Lincoln Chafee, Republican John Robitaille, and Moderate Ken Block.

At one time Caprio was believed to be the front runner but the election results proved disappointing for Democrats when Caprio came in a distant third with 23% of the vote.

He has been mum since the election sliding back into the private sector working as the managing director of the Providence based Chatham Capital, a venture capital and private equity firm.

On the board of elections website Caprio has an active campaign account for the first quarter of 2013 under both Governor and General Treasurer however the accounts have little money in them and show no fundraising activity.

Caprio would run for the seat now held by Democrat Gina Raimondo who is expected to make a bid for governor. Either way sources say Caprio will not hesitate to pursue the office.

Caprio was not able to be reached for comment.

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