Ski Mask Way: Three ex-Chase bank workers involve in tax scheme

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Three former employees at JPMorgan Chase & Co branches in New York pleaded guilty on August 13th to using the identities of Puerto Rican customers to file fraudulent tax returns, U.S. authorities said.

In the first scheme, Katherine Torres, a former Chase branch manager, and Rosalind Smith, a former employee at the same branch, pled guilty to participating in a scheme that defrauded the Internal Revenue Service and New York State out of over $1 million. In the second scheme, Judith Fulgencio, a former personal banker at another Chase bank branch, pled guilty to participating in a scheme that also defrauded the IRS and New York State out of more than $1 million.

The Manhattan US Attorney’s Office said the refunds were obtained by filing phony tax returns using identities stolen from Puerto Rican residents, who are generally exempt from paying federal income tax and don’t have to file.