A small Austin medical supply business that appeared to be little more than a mailroom is at the center of an alleged Medicare billing scheme that prosecutors say moved quickly and funneled millions of dollars overseas, according to a newly filed federal criminal complaint.
Nika Machutadze, a Russian citizen living in Texas, is charged with conspiracy to commit money laundering. Investigators say two medical equipment companies tied to him — including Centurion Superior Medical in North Austin — billed Medicare and other health programs for urinary catheters that patients did not need or receive. The proceeds were routed through U.S. bank accounts before being wired to Hong Kong, according to federal court records.
Before the criminal charge was filed, the I-Team was already looking into Centurion after a victim saw our previous reporting on Medicare fraud and reached out about…
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