NEW YORK (AFX) - A former JPMorgan Chase & Co. mailroom employee pleaded guilty Monday to conspiracy to commit bank fraud, admitting his role in the theft of $100 million in corporate checks, some of which he hid in his socks.
Gregory Halley, 38, entered the plea in U.S. District Court in Manhattan. He faces up to 30 years in prison when he is sentenced June 8.
Prosecutors noted in a release that Halley had about 40 stolen checks worth $4 million stuffed in his socks when he was arrested April 21 as he finished his shift at one of the bank's facilities in Brooklyn.
The government said he used his mailroom job to steal more than $100 million worth of checks from at least 2005 until his arrest. Prosecutors said he handed the checks to co-conspirators, who gave him cash in return.
A lawyer for Halley, Roland Thau, did not immediately return a telephone message seeking comment.
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