$3,000,000 Drained From Bank Customers on East Coast in Massive Fraud Scheme – The Daily Hodl
A man in Pennsylvania has admitted to draining millions of dollars from people’s bank accounts in a massive fraud scheme.
According to Pennsylvania’s Attorney General, 23-year-old Jeremy Antuan Boria Fraticelli, alongside his accomplices, defrauded banks and their customers of over $3 million in three counties of the Keystone State.
Fraticelli and his accomplices relied on a strategy of posing as banks’ customer service representatives and tricking the lenders’ customers into giving them their personally identifying information.
The sensitive information was then used to make withdrawals from the victims’ accounts. The money was subsequently deposited into accounts controlled by Fraticelli and his accomplices.
According to the Attorney General, the gang’s scheme “defrauded numerous unsuspecting Pennsylvanians who thought they were speaking with individuals who were trying to protect them.”
Fraticelli has been sentenced to up to nearly two years in prison after pleading guilty to charges of identity theft and theft of property. He has also been ordered to make his victims whole.
“This week, he was sentenced to one year (minus one day) to 23 months in prison, followed by five years of probation, and ordered to pay more than $537,000 in restitution.”
Besides Fraticelli, 23 other people or co-conspirators were charged with impersonating banks’ customer service representatives to obtain their personal information. Fourteen have pleaded guilty, while nine cases are still pending.
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