MIAMI — Dozens of people fell victim to an elaborate fraud ring, with some losing their life savings. Federal agents say the criminal network, called the “Honeybun Boyz,” made off with millions of dollars.
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A criminal complaint filed earlier in August reveals a $20 million criminal enterprise operating in South Florida.
The 29-page complaint says the FBI began investigating “money mule networks” last year.
Federal agents identified a group called the Honeybun Boyz.
The complaint describes the group as a major metropolitan criminal enterprise made up of financial fraudsters who flaunt $100,000 bankrolls tied to account takeovers that target vulnerable victims.
The term “honeybun” in certain circles means $100,000, a term also used by music artists like Pop Smoke.
The three-tiered network is made up of controllers, the bosses, handlers and mules who move the money.
Federal…
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