Crime
The man allegedly concealed a person’s death from the government so he could fraudulently receive their retirement benefits.
A Winthrop man was charged Friday for allegedly committing Social Security fraud for over four years, according to prosecutors.
Kenneth Riel, 51, was indicted on one count of receiving stolen government money or property and one count of Social Security fraud-concealment, the U.S. Attorney’s Office for the District of Massachusetts said in a statement. He was arrested Friday and released after appearing in federal court that afternoon.
Riel allegedly received about $88,383 in stolen Social Security retirement benefits from February 2019 through November 2023, prosecutors said. He also allegedly concealed from the Social Security Administration that someone he knew who was receiving…
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