MONTGOMERY, Ala. (WSFA) – A Montgomery woman who was involved in a months-long mail theft and bank fraud scheme between 2022 and 2023 has been sentenced to 10 years in prison, Acting U.S. Attorney Kevin Davidson announced Monday.
Rashema Shackleford, 37, was sentenced after she pleaded guilty to conspiracy to commit bank and mail fraud on Sept. 18, 2025.
According to her plea agreement and other court documents, Shackelford participated in a scheme to steal checks out of other people’s mail and use those checks to commit fraudulent deposits and withdrawals between August 2022 and June 2023.
Shackleford allegedly…
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