WASHINGTON, D.C. (KTTC) – President Donald Trump signed an executive order Monday making good a promise he made during his State of the Union address in February.
According to the White House, the Task Force to Eliminate Fraud will advise the president and coordinate government-wide efforts to combat widespread fraud, waste, and abuse in federal benefit programs.
The Trump administration said it plans to target programs tied to housing, food, medical care, and cash assistance that have funding distributed by state and local partners.
The goal, according to the White House, is to boost eligibility verification requirements and pre-payment controls.
“This is not a Republican-Democrat thing. This is wherever it’s taking place,” said Trump on Monday. “It seems that it’s usually in blue states. If it’s in a red state, we’re going there too, but it seems that it’s heavily, heavily, heavily…
CLICK HERE to read the FULL Federal task force created to eliminate fraud – KTTC article.
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