Three Chase Bank Employees Allegedly Received Tens of Thousands of Dollars in Bribes to Help Cash Fraudulent Refund Checks

27 January 2012 –
Preet Bharara, the United States Attorney for the Southern District of New York, and Victor Lessoff, the Acting Special Agent-in-Charge of the New York Field Office of the Internal Revenue Service, Criminal Investigation Division (“IRS-CI”), announced charges today against three employees of J.P Morgan Chase Bank (“Chase”) and another individual for participating in tax refund schemes that used the identities of Puerto Rican citizens to obtain fraudulent tax returns.

KATHERINE TORRES, a Chase branch manager, ROSALIND SMITH, a Chase employee, and CARLOS DELEON are charged in one scheme that defrauded the Internal Revenue Service (“IRS”) and New York State out of more than $3 million. JUDITH FULGENCIO, a personal banker at Chase, is charged in a separate scheme that defrauded the IRS and New York State out of more than $1.8 million. TORRES and DELEON were arrested this morning, and SMITH surrendered to authorities.

They will be presented and arraigned in Magistrate Court later today. FULGENCIO will surrender on Monday and be presented and arraigned at that time.

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