RALEIGH, N.C. (WTVD) — North Carolina lawmakers pressed state officials Thursday during a high-stakes hearing on Jones Street over an ongoing Medicaid shortfall and allegations of fraud.
Attorney General Jeff Jackson and North Carolina Department of Health and Human Services Secretary Dev Sangvai were questioned about possible fraud, and the process for investigating fraud, as lawmakers remain at an impasse over the funding in the absence of a new state budget.
State health officials said they need an additional $319 million for this year’s Medicaid rebase, which they say is necessary to keep pace with rising costs and enrollment. Governor Josh Stein has also called on lawmakers to pass additional funding for Medicaid.
But some lawmakers argue the numbers presented by the administration do not add up. During the hearing, legislators noted that North Carolina ranks near the top…
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