Attorneys for the seven defendants in a Pandemic Unemployment Assistance fraud case told a federal judge Tuesday that a June deadline to determine whether they will use expert witnesses is not feasible as they continue to sift through nearly 1 million pages of documents.
Some attorneys suggested even the proposed Sept. 22 trial start date is not realistic as they struggle to review all the evidence.
Magistrate Judge Michael Bordallo held a status hearing to hear from attorneys as they work toward a September trial and several deadlines in June and July.
Bordallo set a June 12 deadline for the government and a June 18 deadline for defendants to file whether they will use expert witnesses.
Federal prosecutors allege the seven defendants, along with unnamed co-conspirators, participated in a scheme that filed about $1.9 million in fraudulent PUA claims.
The defendants are Lt. Gov. Josh…
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