Moraga resident Francis Robert Fritzky told a United States District Court Judge that he looted more than $250,000 from the Moraga Community Foundation’s coffers while serving as its treasurer from June, 2016 to July, 2019.
Fritzky, currently free and reportedly still living in Moraga, had initially entered a plea of not guilty to two counts of wire fraud and filing a false tax return.
He made the admission during a change of plea hearing August 21 and is scheduled to return for sentencing in District Court on January 12 of next year.
The theft came to light in September 2019 after Foundation members grew suspicious about Fritzky’s management of MCF funds and were able to determine that then-treasurer Fritzky had diverted more than $250,000 of MCF money to personal accounts, his company MedaMatRx, LLC and to a foundation he founded in memory of his wife, Jeanette.
Prosecutors said Fritzky told suspicious MCF members that the balance for one of the Foundation’s funds in December 2018 was more than $108,000 and that another held more than $37,000 when the combined balances for both funds was actually less than $2,000.
Under the terms of a Plea Agreement arranged through the court, Fritzky agreed to make restitution to MCF for slightly more than $200,000 with the court able to impose a higher amount at sentencing.
According to biographical information posted to the Moraga Chamber of Commerce website prior to his ouster, Fritzky graduated from Duquesne University and has made his home in Moraga for 14 years. He is listed as the founder, president and CEO of MedMatRx and MedEngage, coached the Joaquin Miller Intermediate School’s cross-country team and was active in Moraga Boy Scout Troop No. 234 and the Moraga Country Club Membership Committee.