Monday, August 13, 2012

Three ex-Chase bank fraudsters admit $4.8 million tax scam




Three former employees at JPMorgan Chase & Co branches in New York pleaded guilty on Monday to using the identities of Puerto Rican customers to file fraudulent tax returns, U.S. authorities told Reuters.

The three were charged in January by Manhattan federal prosecutors with orchestrating two separate tax fraud schemes between 2006 and 2007 that cheated the Internal Revenue Service and New York State out of $4.8 million.

Katherine Torres, 52, a former manager at a Chase branch in the New York borough of the Bronx, and Rosalind Smith, 41, who also worked there, were charged in the first scheme, along with another person against whom charges are still pending.  Judith Fulgencio, 32, who worked at a Chase branch at Yankee Stadium, was charged in a second scheme.

The three pleaded guilty to one count of conspiracy to steal government funds, prosecutors said. They face a maximum of five years in prison at sentencing….

http://money.msn.com/business-news/article.aspx?feed=OBR&date=20120813&id=15446242

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