Virginia man charged with $6.6M wire fraud infrom Massachuetts company

A 66-year-old Virginia man was charged with wire fraud in federal court in Boston.

According to the Department of Justice, Ricardo Fontanilla of Fairfax, Virginia, was detained on May 3 at his residence after allegedly stealing more than $6.6 million from his employer over a decade.

According to the criminal complaint, Fontanilla worked for “the Victim Company,” a global financial services corporation headquartered in Massachusetts. As a Security Administration Services employee from 2013 until December 2025, he allegedly had access to the company’s financial systems, which tracked mortgage payments for residential mortgage-backed securities.

Fontanilla reportedly changed the Victim Company’s documents starting in 2016 to make it appear that the company was getting excessive payments from mortgage servicing providers. He then supposedly returned these alleged “excess” payments to one mortgage servicer, known as Company A.

Fontanilla subsequently misled Company A representatives, claiming that the Victim Company had accidentally repaid these funds. He allegedly told Company A to wire the “mistaken refunds” to a personal bank account he owned at Wells Fargo.

According to Wells Fargo account records, Fontanilla received more than $6.6 million in wire transfers from Company A between 2016 and 2025. These reported monies far exceeded Fontanilla’s estimated annual remuneration of $83,000 from the Victim Company.

Fontanilla allegedly used the Wells Fargo account to make personal credit card payments to Capital One, JPMorgan Chase, and American Express totaling more than $3.2 million. He also reportedly paid $778,000 in mortgage and loan payments and took out more than $200,000 in cash and financial equivalents.

Fontanilla allegedly spent more than $70,000 at Cartier stores in Italy, Spain, the Philippines, and the United States. He also bought a vehicle for around $77,000.

Fontanilla made his initial appearance in federal court in Arlington, Virginia, Wednesday. He is set to appear in federal court in Boston at a later date.