Kersey Man Sent to Prison for Bank Fraud
A Kersey man who pleaded guilty in November to bank fraud has been sentenced to seven months in prison.
55-year-old Richard Raspatello has also been ordered to pay back nearly $90,000.
Raspatello started a checking account at National City Bank, then wrote checks to his co-defendant 23-year-old Joshua Atwell of Warren, knowing there were insufficient funds.
Atwell would then open an account at another bank and deposit some of the bad checks from Raspatello. Before those checks could be evaluated, Atwell would bring in other bad checks and cash them. Authorities said Atwell would keep a portion of the cash and return the rest to Raspatello.
Among the banks they defrauded were Hamlin Bank and Trust Company in Smethport.
Atwell pleaded guilty in January, but has not been sentenced yet.
55-year-old Richard Raspatello has also been ordered to pay back nearly $90,000.
Raspatello started a checking account at National City Bank, then wrote checks to his co-defendant 23-year-old Joshua Atwell of Warren, knowing there were insufficient funds.
Atwell would then open an account at another bank and deposit some of the bad checks from Raspatello. Before those checks could be evaluated, Atwell would bring in other bad checks and cash them. Authorities said Atwell would keep a portion of the cash and return the rest to Raspatello.
Among the banks they defrauded were Hamlin Bank and Trust Company in Smethport.
Atwell pleaded guilty in January, but has not been sentenced yet.
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