{"id":228577,"date":"2026-06-26T07:12:18","date_gmt":"2026-06-26T07:12:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/228577\/"},"modified":"2026-06-26T07:12:18","modified_gmt":"2026-06-26T07:12:18","slug":"pennsylvania-man-pads-pocket-with-434k-after-selling-2-2m-worth-of-stolen-equipment","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/228577\/","title":{"rendered":"Pennsylvania man pads pocket with $434K after selling $2.2M worth of stolen equipment"},"content":{"rendered":"<p>LACKAWANNA COUNTY, Pa. (WHP) \u2014 An Old Forge man pled guilty to money laundering after profiting more than $434,000 from selling stolen telecommunications equipment on eBay, according to the Department of Justice.<\/p>\n<p>John Festino, 66, who used to be a field engineer for a multinational telecommunications company, started listing stolen equipment taken from his employer on eBay and other internet outlets in December 2024. <\/p>\n<p>Through July 2025, Festino pocketed $434,550, according to U.S. Attorney Brian Miller. He bought a new vehicle for $41,000 with the proceeds from the stolen equipment, the DOJ said.<\/p>\n<p>Festino&#8217;s former employer told the DOJ that the equipment stolen by Festino is valued at around $2.2 million.<\/p>\n<p>He faces up to 10 years in prison and a maximum fine of $250,000, according to sentencing guidelines.<\/p>\n","protected":false},"excerpt":{"rendered":"LACKAWANNA COUNTY, Pa. (WHP) \u2014 An Old Forge man pled guilty to money laundering after profiting more than&hellip;\n","protected":false},"author":2,"featured_media":228578,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[28,30,29],"class_list":["post-228577","post","type-post","status-publish","format-standard","has-post-thumbnail","category-pennsylvania","tag-pennsylvania","tag-pennsylvania-headlines","tag-pennsylvania-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/228577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=228577"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/228577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/228578"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=228577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=228577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=228577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}