Texas Attorney General Ken Paxton accused a North Texas company of opening phony childcare centers to obtain fraudulent H-1B visas for foreign nationals.
In a new lawsuit filed this week in Collin County, Paxton alleged Yuan Yao and his Allen-based company, Golden Qi Holdings, filed 20 applications to hire foreign workers in positions like software development and business intelligence, then sold the visas to women in China.
Earnings helped fund Yao’s lavish lifestyle, according to the suit, including luxury cars, at least six cellphones and several Dallas-area businesses.
Yao did not respond to an email Wednesday seeking comment. A phone number for Golden Qi was disconnected.
Paxton is seeking up to $10,000 for each violation.
“Let this be a warning to anyone considering trying to scam the H-1B visa program,” the attorney general said in a statement. “I will continue fighting to ensure…
THE TD BANK INSIDER “BRIBE-FOR-DATA” SCHEME (USA)
Date: February 17, 2026 Perpetrator: Edward Low (Former Bank Employee)
Case Description: In a high-profile case of “Insider Threat,” Edward Low, a former employee of TD Bank in New York, pleaded guilty in a New Jersey federal court to accepting bribes in exchange for confidential customer data. Between 2021 and 2022, Low leveraged his internal access to harvest the personal details of high-balance account holders. He then sold this “hot data” to external fraud syndicates for as little as $26,700 in personal kickbacks.
The external fraudsters used the information Low provided to conduct “Account Takeovers” (ATO), creating fraudulent checks and falsifying bank records to drain over $500,000 from unsuspecting customers. Low even went as far as helping co-conspirators open shell company accounts at a second financial institution where he was later employed. He now faces a maximum penalty of 30 years in prison. This case has sent shockwaves through the global banking sector, highlighting that even the most robust external firewalls cannot protect against a “rogue insider” with administrative credentials.
Link to Original: US Dept of Justice – TD Bank Insider Plea