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Chase employees admit to $4.8 million tax fraud

Former bank workers used customers’ identities to file fraudulent tax returns

Three former JPMorgan Chase & Co. employees will soon pay the price for trying to get away with identity theft.

Yesterday, three women—Katherine Torres, 52; Rosalind Smith, 41; and Judith Fulgencio, 32—who worked at two separate New York Chase branches pleaded guilty to using the identities of some of the bank’s Puerto Rican customers to file fraudulent tax returns. Manhattan federal prosecutors charged all three women in January with orchestrating two tax fraud schemes between 2006 and 2007. Their schemes amounted to $4.8 million in losses for the Internal Revenue Service and the state.

Ashley Post

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