- Associated Press - Saturday, January 30, 2016

NEWARK, N.J. (AP) - Federal prosecutors in New Jersey say a New York City man has admitted stealing more than $340,000 in fraudulently obtained income tax refund checks.

Isaias Hernandez pleaded guilty Friday to theft of government funds. He faces up to 10 years in prison when he’s sentenced May 2.

The 40-year-old Bronx man admitted stealing $342,590 from February 2012 through May 2012. Prosecutors say many of the refund checks were deposited, with the proceeds withdrawn, in Hamilton, New Jersey.

Investigators linked Hernandez to 48 double-endorsed tax refund checks he and others deposited into a bank account under his direct control. He admitted the checks didn’t belong to him or to the company named on the bank account.

Hernandez also admitted he withdrew $98,020 in cash from the account and got $99,700 in bank checks made out to an automobile auction.

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