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Woman admits role in tax check fraud scheme

October 15, 2014

TRENTON, N.J. (AP) — Federal prosecutors say a central New Jersey woman has admitted defrauding the Federal Treasury department out of $940,000 in income tax return checks.

Rosemary Valerio, of Middlesex, pleaded guilty Wednesday to a complaint charging her with conspiracy to defraud the United States. She faces up to five years in prison when she’s sentenced Jan. 12.

Prosecutors say the 32-year-old Valerio and other conspirators obtained and cashed stolen income tax refund checks and used the illicit cash proceeds for their personal benefit.

They say Valerio provided treasury checks to Rosanna Rodriguez, the head teller at a Perth Amboy bank, who cashed the checks against unknowing third-party bank accounts.

Rodriguez pleaded guilty to a conspiracy count last month and will be sentenced the same day as Valerio.

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