A JPMorgan Chase banker has allegedly abused her place as an insider on the banking big to steal practically $1 million.
In accordance with a Division of Justice indictment, Franchesca Calagui knowingly cashed lots of of cast U.S. Treasury checks whereas working as a teller at JPMorgan Chase to complement herself and co-conspirators.
The scheme lasted for about ten months.
“On or about Could 12, 2022, by on or about March 20, 2023, as a Chase Financial institution teller, CALAGUI accepted and cashed no less than 339 cast checks totaling roughly $857,000.”
Calagui is going through the fees alongside alleged co-conspirator Dondre Grey.
Prosecutors say Calagui, her co-defendant and others coordinated the scheme by way of brazen textual content messages, cellphone calls and different means.
In accordance with the indictment, Calagui deliberately flouted her employer’s check-cashing coverage.
“Calagui [was] knowingly cashing U.S. Treasury checks for non-Chase Financial institution clients that didn’t adjust to Chase Financial institution’s examine cashing coverage, together with however not restricted to cashing U.S. Treasury checks for non-Chase Financial institution clients, not verifying legitimate types of identification, signatures, or required Chase accounts with enough funds.”
The Division of Justice says that in the course of the lively interval of the fraudulent scheme, Calagui deposited $15,000 in money from the legal enterprise into her private Chase Checking account.
Roughly $71,000 generated from the scheme was additionally deposited into her co-defendant’s Chase Checking account over the identical interval.
If confirmed responsible, the previous part-time affiliate banker at JPMorgan Chase and her co-conspirator resist 30 years in jail and a $1 million fantastic on every depend.
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