Banker Takes $26,000 in Bribes, Loses Career, Faces Federal Prison 

February 27, 2026

Bob Coleman
Founder & Publisher

Banker Takes $26,000 in Bribes, Loses Career, Faces Federal Prison 

Edward Low, a former TD Bank employee based in New York, admitted to accepting at least $26,700 in bribes in exchange for exploiting his internal bank access to facilitate fraud schemes that resulted in losses of more than $500,000 across two financial institutions.

He pled guilty and will be sentenced on July 14, 2026.

Between January and May 2021, Low obtained confidential customer information and provided it to co-conspirators outside the bank. That information was then used to take over customer accounts and steal funds. Low personally processed fraudulent transactions within the bank’s systems. The conduct tied to TD Bank resulted in $484,572.16 in fraud losses.

The scheme did not end when Low left TD Bank. From May through August 2022, he worked at a second financial institution. During that period, he accepted another bribe to falsify bank records so that a co-conspirator could open an account in the name of a shell company, Late Night Bistron, Inc. 

That account was subsequently used to commit an additional $47,195 in fraud. In total, the documented losses associated with Low’s conduct exceeded $531,000. 

The bribe payments he received were extremely modest relative to the damage enabled by his access. 

“This defendant chose to sell his access to the banking system from the inside.  By accepting bribes at two separate financial institutions, he betrayed the trust placed in him and enabled outside fraudsters to exploit customer accounts and falsify bank records for personal gain. The U.S. Attorney’s Office will continue to root out corruption within our financial institutions and hold accountable those—whether insiders or outsiders—who undermine the integrity of our banking system,” says DOJ Senior Counsel Philip Lamparello