IDAHO FALLS — A local mayor appeared in court Friday afternoon after being charged with a felony for allegedly lying to insurance agents about what he paid to purchase a boat.
David Dwayne Price, 62, appeared in front of Magistrate Judge Michael Kirkham at the Bonneville County Courthouse for a felony charge of insurance fraud.
RELATED | Local mayor charged with insurance fraud after allegedly lying about the price of his boat
Price’s attorney, Ronald Swafford, and a prosecuting attorney with the Idaho Attorney General’s office, Samuel Camp, were present over Zoom.
Price was informed of his rights, and a preliminary hearing was scheduled for March 27. He did not enter a plea to the charge, and the prosecution declined to request a bond to be placed on him.
Price was sworn in as the mayor of Spencer in Clark County in January 2026. According to 2024 data from the U.S. Census Bureau,…
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