SUMTER COUNTY, Ala. (WBRC) – A Sumter County man was sentenced to five years in prison for his part in a multi-state bank fraud scheme, according to the U.S. Attorney’s Office.
Eddarius Tyjuan Wallace, 37, of York, Alabama, was sentenced after he plead guilty in May 2026 to conspiracy to commit bank fraud and bank fraud. His sentence also ordered him to pay a $25,000 fine.
According to court documents, June and September 2023, Wallace organized and ran a multi-state bank fraud conspiracy which targeted the fraudulent deposit and withdrawal of United States Treasury checks.
The U.S. Attorney’s Office said that Wallace recruited and trained others to carry out his fraud scheme. In June 2023, the scheme was brought to the attention of law enforcement when a bank in Tuscaloosa, Alabama reported that two U.S. Treasury checks with forged endorsements had been deposited.
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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