CHARLESTON , S.C. (WCIV) — Charleston County School District Trustee Kevin Hollinshead has been indicted on federal charges of bribery and fraud related to COVID relief loans.
A federal grand jury returned a five-count indictment charging Hollinshead, the 64-year-old trustee representing District 4, for accepting a bribe in exchange for his influence on the board and for wire and bank fraud related to providing false information in loan applications for pandemic relief programs. The school district said it is aware of the indictment and that Hollinshead has handed in his resignation.
According to the indictment, Hollinshead, who was elected to a four-year term in 2024, accepted a bribe of $1,040 to go towards his purchase of a trailer for his catering business from an unidentified source in exchange for him influencing the procurement process on behalf of a construction company that…
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