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> Trev accused of stealing more than $2 million worth of networking gear from employer

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#1 Yesterday 02:48:20

Trev accused of stealing more than $2 million worth of networking gear from employer

OLD FORGE, Pa.

John Festino, of Old Forge, agreed to plead guilty in federal court to a count of unlawful monetary transactions, according to a plea agreement signed last week by U.S. Attorney Brian Miller.

The criminal paperwork states that Festino worked for a telecommunications company. A parallel civil lawsuit shows that he had been employed by Cogent Communications as a field engineer.

As part of his job, Festino received work orders from Cogent to complete upgrades and repairs and had access to the company's inventory system to order the equipment he needed, the lawsuit states. The equipment shipped to a UPS store in Dunmore.

Authorities said that over a span of seven months in late 2024 and the first half of 2025, Festino used old "statement of work" numbers to order equipment he had no intention of installing.

He requisitioned at least 135 transponders that ranged in price between a few thousand dollars to more than $40,000 each, the company said in its lawsuit. In total, the 135 pieces of equipment cost $2,245,158.80.

Cogent caught onto Festino by the summer of 2025 when they noticed that the serial numbers of seven of the transponders Festino ordered were in use in another network. Festino, they determined, had been reselling the transponders to third parties and keeping the cash for himself.

Festino collected $434,550 from selling the stolen equipment, according to a criminal information filed in federal court.

Once Festino realized his employer was suspicious, he resigned and said he wanted to spend more time with family as he dealt with an "early stage medical condition," Cogent said in court filings.

https://www.wnep.com/article/news/local … 70946c27ea

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Phillip_McCavity
#2 Yesterday 02:53:09

Re: Trev accused of stealing more than $2 million worth of networking gear from employer

trev  car2

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#3 Yesterday 03:12:03

Re: Trev accused of stealing more than $2 million worth of networking gear from employer

wrote:

the 135 pieces of equipment cost $2,245,158.80.

Festino collected $434,550 from selling the stolen equipment

facepalm

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.,
#4 Yesterday 03:13:26

Re: Trev accused of stealing more than $2 million worth of networking gear from employer

Where are the servers™?? lol

I had a Mexican haul them away
\
fatrage.gif

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#5 Yesterday 03:32:48

Re: Trev accused of stealing more than $2 million worth of networking gear from employer

wrote:

facepalm

It’s not like that shyt has any resale value on eBay.


My nude daughter desperately needs a JDSU SFP Optical Transceiver
\
milton

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Sockpuppet
#6 Yesterday 03:57:27

Re: Trev accused of stealing more than $2 million worth of networking gear from employer

., wrote:

Where are the servers™?? lol

I had a Mexican haul them away
\
fatrage.gif

lol

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SamplesBoi
#7 Yesterday 03:59:46

Re: Trev accused of stealing more than $2 million worth of networking gear from employer

^^

I saw a Cuban do it.  He admitted it on an internet forum.

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