The theft scheme in central Pennsylvania, led by Jeremy Antuan Boria Fraticelli, has resulted in charges against 24 individuals for defrauding local financial institutions and customers out of more than $3 million.
The scheme involved tricking customers into providing sensitive banking information by impersonating customer service representatives.
The stolen data was then used to access accounts and transfer funds into funnel accounts, which were subsequently withdrawn and split among the criminals.
Fraticelli and his co-conspirators face serious charges, including corrupt organizations, identity theft, and access device fraud.
The investigation was a collaboration between the Pennsylvania State Police, financial institutions, and the Attorney General’s office. While six key figures have already been arrested, authorities are continuing to pursue the remaining individuals involved.
This case emphasizes the vulnerability of financial institutions and the importance of safeguarding sensitive banking information.