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Man sentenced for stealing tax returns | Crime

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Man sentenced for stealing tax returns
Crime
Man sentenced for stealing tax returns

ROSWELL, Ga. -- A Roswell man has been sentenced to two years in federal prison for opening fraudulent bank accounts and conspiring to steal tax return money.

Jacinto Padron, Jr., 52, will also spend three years on supervised release and must pay restitution of more than $276,000 after finishing his prison sentence.

According to information presented in court, Padron was the branch manager for an Atlanta Wachovia before the bank merged with Wells Fargo. In 2009, he began opening fake accounts where he could receive fraudulent wire transfers and negotiate forged checks.

Investigators said that Padron's co-conspirators, some of whom were prison inmates in Puerto Rico, filed fake tax returns in the names of the bank accounts and had the money wired to Padron's bank.

Whenever the Wachovia froze or flagged one of the false accounts, investigators said Padron used his managerial position to reopen the accounts.

"When a bank employee with access to accounts and authority to override security measures decides to turn to crime, the results is too often a significant loss that goes undetected for too long," U.S. Attorney Sally Quillian Yates said in a statement. "This defendant used his authority as a branch manager to open dozens of bogus accounts where over $200,000 in fraudulent federal tax refunds were deposited."

Padron pleaded guilty to the charges against him in November 2011.

Crime