Two New York City men have received prison sentences for offenses committed while working for TD Bank N.A.
The U.S. Attorney’s Office for New Jersey said that Wilfredo Aquino, 47, of Manhattan, was sentenced to 46 months in prison for his role in a money-laundering conspiracy.
Edward Low, 31, of Flushing, received a two-year sentence for assisting a ring that stole from TD Bank customers.
Aquino, an assistant store manager at TD Bank, assisted members of a money-laundering network in moving nearly $474 million through the Mount Laurel-based bank, according to a statement from the US prosecutor’s office.
According to the statement, he handled around 1,680 bank checks worth $92 million for the network but failed to notify bank regulators as required.
According to the report, Aquino received more than $11,000 in gift cards for his assistance with the network. Aquino pled guilty in January to conspiring to launder money.
The federal prosecutor’s office stated that Low, also known as Mang Wah Low, took bribes to provide confidential account information to thieves, who then stole from the accounts.
According to the statement, Low accepted at least $26,700 in bribes and helped arrange about $485,000 in fraud at TD Bank.
In February, Low guilty to conspiring to commit wire fraud against a financial institution and creating fraudulent bank entries or reports as a bank employee.
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