A former magazine employee pleaded guilty Tuesday to bank fraud and filing false tax returns.
Johanne Jarlego was an accountant for a local magazine publisher. Under a plea agreement, she admitted to diverting nearly $4 million from her former employer and depositing the money in a phony bank account at American Savings Bank.
She faces up to 30 years in prison for the fraud charge when she's sentenced in February.
She also must pay $380,000 in restitution to the IRS.
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