Two TD Bank Insiders Sentenced for Facilitating Money Laundering, Fraud

A New York-based former employee of TD Bank, N.A. was sentenced today to 46 months in prison for facilitating a money laundering network’s movement of millions of dollars through TD Bank accounts.

A second New York-based former employee of TD Bank, N.A. and another financial institution was sentenced yesterday to 24 months in prison for conspiring to commit wire fraud affecting a financial institution and making false bank entries or reports as a bank employee.