Bank Fraud Ringleader Sentenced to Prison and Ordered to Pay Restitution

Pennsylvania AG - Press Releases

Filed May 15th, 2024

Detected March 19th, 2026

Summary

Pennsylvania Attorney General Dave Sunday announced the sentencing of Jeremy Antuan Boria Fraticelli, the leader of a criminal organization that defrauded central Pennsylvania banks and customers of over $3 million. Fraticelli was sentenced to prison and ordered to pay over $537,000 in restitution.

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What changed

The Pennsylvania Attorney General's office has announced the sentencing of Jeremy Antuan Boria Fraticelli, the leader of a criminal organization responsible for defrauding central Pennsylvania banks and their customers of over $3 million. Fraticelli pleaded guilty to felony charges including corrupt organizations, identity theft, and theft by unlawful taking. He was sentenced to one year minus one day to 23 months in prison, followed by five years of probation, and ordered to pay $537,000 in restitution.

This enforcement action highlights the risks associated with sophisticated bank fraud schemes targeting customer information. Regulated financial institutions and their customers in Pennsylvania were directly impacted by this criminal activity. While Fraticelli has been sentenced, nine cases against his co-conspirators are still pending, indicating ongoing efforts by the Attorney General's office to prosecute all individuals involved in the scheme. Compliance officers should be aware of the methods used, such as impersonating bank representatives to obtain personal information, and ensure robust internal controls and customer education are in place to prevent similar fraud.

What to do next

Review internal controls for customer data protection against impersonation fraud.
Reinforce employee training on identifying and reporting suspicious activity related to customer information.
Communicate fraud prevention best practices to customers, emphasizing verification procedures.

Penalties

Prison sentence of one year (minus one day) to 23 months, five years of probation, and ordered to pay over $537,000 in restitution.

Source document (simplified)

HARRISBURG — Attorney General Dave Sunday announced that the leader of a criminal organization that defrauded central Pennsylvania banks and their customers of more than $3 million has been sentenced to prison and ordered to pay more than half-a-million dollars in restitution.

Jeremy Antuan Boria Fraticelli, 23, of Dover, pleaded guilty in January to felony corrupt organizations, identity theft, and theft by unlawful taking of movable property, regarding the scheme.

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.

The criminal organization targeted customers of banks and financial institutions in Cumberland, Dauphin, and York counties.

“This defendant didn’t just steal money — he took many Pennsylvanians’ sense of security and trust,” Attorney General Sunday said. “This scheme defrauded numerous unsuspecting Pennsylvanians who thought they were speaking with individuals who were trying to protect them. My office will continue to pursue the cases against co-conspirators who contributed to this widespread criminal conduct.”

In all, 24 people were charged with tricking customers into providing personal information — by posing as customer service representatives of the banks. The group then used that information to make withdrawals into funnel accounts.

Nine cases against Boria Fraticelli’s 23 co-conspirators are still pending. The rest have pleaded guilty and been sentenced.

This case was prosecuted by Deputy Attorney General Kayla Bolan.