California Attorney General Rob Bonta announces the dismantling of a major hospice fraud scheme on April 9, 2026.
President Donald Trump and Gov. Gavin Newsom both say they’re waging war on hospice fraud, or networks of sham businesses billing for nonexistent end-of-life care. But what might be common ground for the rivals has turned into the latest bout of one-upmanship between the state and the federal government.
Trump announced a fraud task force and claimed in March, without evidence or specifics, that fraud in California is “10 times worse” than any other state. California officials have responded to similar accusations from Trump over the course of his second term by denying Trump’s claims as outright lies — like when the president attempted to freeze billions in child welfare funds over unspecified “massive fraud.” But Newsom and others have…
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