TD Bank Ex‑Employees Get 46‑Month, 24‑Month Sentences

DOJ Sentencing of Former TD Bank Employees

The U.S. Department of Justice announced that two former employees of TD Bank have been sentenced to prison after convictions for money‑laundering and fraud. The first individual, a New York‑based employee, received a 46‑month federal prison sentence for enabling a money‑laundering network that moved millions of dollars through bank accounts. The second individual, also based in New York, was sentenced to 24 months in prison for conspiring to commit wire fraud. The DOJ statement did not provide further details on the amounts involved or the specific mechanisms of the schemes.