A Rochester man has admitted ripping off his employer to the tune of $168,000.
Thirty-seven-year-old Michael Torres pleaded guilty to financial institution fraud.
Federal prosecutors says the scam spanned six months, ending in February 2022, while Torres was employed as a relationship manager at a financial institution.
He applied there for 19 loans for people without their knowledge, then deposited the money in bank accounts he controlled.
His sentencing has not been scheduled.
The crime carries a possible sentence of up to 30 years in prison, but Torres will likely receive much less time under sentencing guidelines.