WASHINGTON – The U.S. Department of Labor and its Office of Inspector General today announced the recovery of $512,138,478 in fraudulent CARES Act funds to the U.S. Department of the Treasury. This marks the second major recovery from the Maryland Division of Unemployment Insurance, bringing the total of funds recovered from the state to more than $1 billion.
“Today’s return of hard-earned American taxpayer dollars represents more than a financial recovery – it reinforces our commitment to protecting American workers and the programs they depend on,” said Acting Secretary of Labor Keith Sonderling. “This result was made possible through close coordination with the department’s Office of Inspector General. Together, we are restoring trust and integrity in these programs and putting money back where it belongs – in the pockets of hardworking Americans.”
These recoveries are the direct…
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