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 said.
Katherine Torres, 52, a former manager at a Chase branch in the Bronx, and Rosalind Smith, 41, who also worked there, were charged in the first scheme. Judith Fulgencio, 32, who worked at a Chase branch at Yankee Stadium, was charged in a second scheme.
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 the state of New York out of $4.8 million.
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.