A Greece man is facing federal charges for allegedly submitting thousands of false claims for payouts from class action lawsuit settlements.

Philip DiGennaro, 38, is accused of taking in $1.3 million over four years from 107 different settlements.

Court records state that DiGennaro admitted to the fraud when the FBI searched his home, telling agents he came up with the idea after being unemployed due to the COVID-19 pandemic and losing money in cryptocurrency.

He allegedly used over 480 bank accounts at eight different financial institutions but consolidated much of the settlement payouts in CD or other high-yield savings accounts that were seized by federal authorities. He is charged with…