A New York woman who worked as a personal assistant pleaded guilty to wire fraud on Wednesday for a scheme in which she stole $10 million from her elderly employers.
The woman, Catalina Corona, blew some of the stolen money on luxury goods from Gucci, Cartier, Louis Vuitton, and to pay off her credit card debt, prosecutors said.
Corona, 62, faces a maximum possible prison sentence of 30 years in the case, the Brooklyn U.S. Attorney's Office said.
Corona was accused of using fraudulent checks and impersonating her employers to defraud the unidentified Long Island married couple out of millions of dollars from 2017, when she began working for them, through 2024. One of the victims died in 2022, according to court records.
Corona wrote hundreds of checks from the couple's bank accounts out to cash, payable to herself, and also transferred funds directly from the victims' accounts to her own, according to court filings.
The fraud was first discovered in April 2024 when a bank representative reached out to the surviving victim over a suspicious $1,500 check, prosecutors said.
A criminal complaint said that Corona spent more than $1 million of stolen funds at Louis Vuitton, hundreds of thousands of dollars at both Cartier and Gucci, and $305,000 on Apple merchandise.
"Today's guilty plea means the defendant has been held accountable for a calculated scheme that siphoned nearly $10 million from the very employers who trusted her," U.S Attorney Joseph Nocella, Jr. said in the statement.
"Our Office will continue to pursue those who exploit positions of trust for personal gain and ensure they face the consequences for their deception and fraud," Nocella said.
The Federal Bureau of Investigation has said that in 2024, there were nearly $5 billion in losses due to elder fraud from more than 147,000 complaints.
The actual number of victims and losses is likely higher as many victims may not report the crime or know they've been scammed, the agency says.
