Two Former TD Bank Insiders Sentenced for Roles in Money Laundering and Fraud Schemes

Assistant store manager processed $92 million in checks for laundering network, accepted $11,000 in gift cards; second employee stole customer data for $484,000 in fraud

NEWARK, N.J. — Two former TD Bank employees in New York have been sentenced to federal prison for their roles in separate schemes that facilitated money laundering and fraud, including one insider who helped a criminal network move hundreds of millions of dollars through bank accounts, prosecutors announced today.

Wilfredo Aquino, 47, of Manhattan, a former TD Bank assistant store manager, was sentenced to 46 months in prison for facilitating a money laundering network’s movement of funds through TD Bank accounts from 2019 to February 2021.

According to court documents, the network’s leader, Da Ying Sze — also known as David — and his co-conspirators moved approximately $474 million through TD Bank accounts by depositing cash at branches in New York, New Jersey, and elsewhere. In February 2022, Sze pleaded guilty to coordinating a $653 million money laundering conspiracy, operating an unlicensed money transmitting business, and bribing bank employees.

During the scheme, Aquino processed approximately 1,680 official bank checks at TD Bank for Sze and his co-conspirators, totaling more than approximately $92 million. Nearly all of these checks were funded with corresponding cash deposits exceeding $10,000, which triggered TD Bank’s legal requirement to file a currency transaction report. Although Aquino knew Sze was conducting these cash deposits, he never identified Sze as the “conductor” on the CTR.

Aquino also knew that TD Bank had closed other accounts linked to Sze for suspicious activity. One colleague even warned Aquino that Sze’s activity “looks like money laundering.” In February 2021, Aquino facilitated three transactions totaling almost $2 million in cash in a third party’s account, again failing to report Sze as the conductor.

Aquino accepted numerous retail gift cards from Sze totaling over $11,000 in return for his facilitation of the scheme. In January 2026, Aquino pleaded guilty to conspiring to launder monetary instruments.

In a separate case, Edward Low, also known as “Mang Wah Low” and “Eddie Low,” 31, of Flushing, New York, was sentenced yesterday to 24 months in prison. From January 2021 through May 2021, while employed at TD Bank, Low accepted bribes and leveraged his position to fraudulently obtain confidential customer information that he passed to outside co-conspirators, who used it to take over accounts and steal money from customers. Low also processed some of their illicit transactions. In total, Low received at least $26,700 in bribes and facilitated $484,572.16 in fraud at TD Bank.

From May 2022 through August 2022, while employed at another financial institution, Low accepted a bribe to falsify bank records to open an account in the name of a shell company. His co-conspirators then used that account to commit at least $47,195 of fraud.

In February 2026, Low pleaded guilty to conspiring to commit wire fraud affecting a financial institution and making false bank entries or reports as a bank employee.

Oregon Payment Processing Broker Sentenced to 3 Years for $14 Million Wire Fraud Scheme

Jeremy Briley admitted to concealing fraudulent debits, manipulating return rates to keep sham merchants’ payment processing active

MIAMI — A payment processing broker who facilitated the theft of more than $14 million from victims’ bank accounts through sham merchants was sentenced today to three years in federal prison, prosecutors announced.

Jeremy Todd Briley, 47, of Happy Valley, Oregon, was also ordered to serve three years of supervised release and to forfeit $460,000 in fraud proceeds.

According to court documents, Briley worked as a payment processing broker, identifying payment processors in the United States for his clients to use in processing charges. His two largest clients were sham companies that falsely represented they provided online marketing services to businesses. Instead, they stole from victims by fraudulently debiting their bank accounts, causing over $14 million in unauthorized debits and attempted debits.

From February 2017 to December 2023, Briley obtained and maintained payment processing relationships for those sham companies so they could process fraudulent debits, knowing full well that the companies were fraudulently debiting bank accounts, according to court documents. Despite repeatedly receiving information that the debits were not authorized by the victims, Briley concealed the fraudulent activities in various ways, including arranging for a payment processor to deceive banks by manipulating return rates on the fraudulent debits.

In April 2026, Briley pleaded guilty to one count of wire fraud.

Nebraska Woman Sentenced to 6.5 Years for Stealing $4.7 Million from Oglala Sioux Tribe

Buffy Redfish diverted tribal employment fee checks to personal accounts, used funds to buy homes and vehicles

RAPID CITY, S.D. — A Nebraska woman was sentenced to more than six years in federal prison for embezzling over $4.7 million from the Oglala Sioux Tribe while working for its Tribal Employment Rights Office, federal prosecutors announced today.

Buffy Redfish, 57, of Rushville, Nebraska, was sentenced by U.S. District Judge Camela C. Theeler on June 29 to 6 years and 6 months in prison, followed by 3 years of supervised release, and ordered to pay $4,744,415.36 in restitution.

From May 2006 to November 2024, Redfish worked for the Oglala Sioux Tribe’s Tribal Employment Rights Office, which enforces the tribal requirement that employers doing business on the Pine Ridge Indian Reservation give preference to qualified Native Americans in employment and contracting.

One of Redfish’s duties was to collect TERO fee checks from contractors and transfer them to the tribe’s revenue department for deposit into the general fund. Between November 2017 and May 2024, Redfish and a co-defendant developed a scheme to defraud the tribe by diverting TERO fee checks totaling more than $4.7 million and depositing them into the co-defendant’s bank account. The two then split the embezzled funds between themselves and used the money for personal benefit, including purchasing homes and vehicles.

Redfish was convicted on four counts of wire fraud and three counts of money laundering. She is a member of the Gila Tribe in Arizona.

“This Administration has made prosecution of government fraud a top priority,” said U.S. Attorney Ron Parsons. “This substantial prison sentence for stealing millions of dollars from the Oglala Sioux Tribe is another step forward by our office in fulfilling that directive.”

FBI Minneapolis Field Office Special Agent in Charge Christopher D. Dotson said the FBI will continue to ensure the integrity of public programs. “Those entrusted with public and tribal funds must uphold that trust or they face significant prison sentences.”