Ex-Chase Treasurer Sentenced to 7 Years
NEW YORK (AP) _ A former assistant treasurer for JP Morgan Chase was sentenced Wednesday to more than seven years in prison on charges she looted $4.5 million from Columbia University and other customer accounts.
Jacqueline M. McTair, 70, of Teaneck, N.J., was also ordered to pay about $4 million in restitution, U.S. Attorney James Comey said.
McTair pleaded guilty last September to charges of conspiracy, embezzlement and money laundering.
Through unauthorized withdrawals, McTair embezzled more than $4.5 million from a Columbia University account and from the accounts of at least three individual customers, prosecutors said.
Two alleged co-conspirators _ former Columbia University employees Ingrid Rijos and Veronica Bowes _ were indicted last summer on related conspiracy and embezzlement charges.
Rijos, of Paterson, N.J., an assistant director in the student services department, and Bowes, of Long Island, a senior student services representative, were charged with conspiracy, bank fraud and embezzlement.
Their trials are scheduled to begin on May 19.