WASHINGTON, D.C.?— Today, the House of Representatives passed multiple bills to codify the Trump administration’s anti-fraud work, rooting out waste in federal programs, and protecting taxpayer dollars. The Trump administration has successfully uncovered nearly $250 billion in fraud, and these bills would help make their efforts permanent while also strengthening oversight of federal funds.
The National Fraud Enforcement Division Act of 2026, H.R. 9576, was introduced by Republican Study Committee (RSC) Member Brad Finstad (MN-01). In January 2026, the Trump administration announced the creation of a new division within the Department of Justice (DOJ) to investigate and enforce federal criminal and civil laws against fraudsters who steal from federal programs. The bill would make this a permanent division within the DOJ and require that the office be led by an Assistant Attorney…
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