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Two former TD Bank employees from New York received prison sentences this week for their roles in separate financial crimes that moved millions of dollars through the institution and defrauded customers, U.S. Attorney Robert Frazer announced Thursday.

Wilfredo Aquino, 47, of Manhattan, was sentenced to 46 months in prison for helping a money laundering network move hundreds of millions of dollars through TD Bank accounts. 

Edward Low, 31, of Flushing, received a 24-month sentence for conspiring to commit wire fraud and making false bank entries while working at TD Bank and another financial institution.

Aquino exploited his position as a TD Bank assistant store manager from 2019 to February 2021 to facilitate money laundering operations led by Da Ying Sze, also known as David, investigators said. During that period, the network moved approximately $474 million through TD Bank accounts by depositing cash at locations in New York, New Jersey and elsewhere.

The former assistant manager processed approximately 1,680 official bank checks for the network, totaling more than $92 million, federal prosecutors said. Nearly all of these checks were funded with cash deposits exceeding $10,000, which legally required TD Bank to file currency transaction reports.