MARYLAND (WBFF) — A man pled guilty to charges stemming from a cross-county unemployment insurance fraud scheme, according to the U.S Attorney’s Office of Maryland.
Akinpelumi Olawale Oyewusi, 60, who was residing in Hyattsville, Maryland, was charged with conspiracy to commit wire fraud and aggravated identity theft.
From September 2020 through March 2021, officials reported that Oyewusi and others conspired to defraud state workforce authorities, including the Maryland Department of Labor and the California Employment Development Department, to obtain fraudulent unemployment insurance funds, according to the guilty plea.
Oyewusi and his co-conspirators used real identities to obtain fraudulent unemployment insurance from Maryland and other states.
After obtaining access to these funds, Oyewusi transferred or withdrew them via electronic transfers or an ATM.
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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