John Festino pleaded guilty this week to money laundering charges.
LACKAWANNA COUNTY, Pa. — A man has pleaded guilty to money laundering in Lackawanna County.
According to the U.S. Attorney’s Office for the Middle District of Pennsylvania, between December 2024 and July 2025, John Festino, a former field engineer for a telecommunications company, fraudulently obtained telecommunications equipment owned by his employer and then resold the stolen equipment to third-party buyers.
In total, investigators say Festino received about $434,550 from the sales of the stolen equipment and made a series of financial transactions involving the funds, including withdrawing large sums of cash and even purchasing a new vehicle for $41,000.
Festino’s former employer says the stolen equipment was worth $2.2 million.
Festino faces a maximum sentence of 10 years in prison and a $250,000 fine.