Former TD Bank worker pleads guilty to fraud, bribery scheme costing $3.4M
A former TD Bank employee pleaded guilty to defrauding customers and bribing an employee at another financial institution to falsify bank records, facilitating more than $3.4 million in fraud losses, the Justice Department announced. Cheungkin Lam, 28, also known as Kelvin Lam, of Queens, New York, entered his guilty plea on charges of conspiring to commit wire fraud affecting a financial institution and making false bank entries or reports, according to court documents. 15 and faces a maximum penalty of 30 years in prison.
- ▪A former TD Bank employee pleaded guilty to defrauding customers and bribing an employee at another financial institution to falsify bank records, facilitating more than $3.4 million in fraud losses, the Justice Department announced.
- ▪Cheungkin Lam, 28, also known as Kelvin Lam, of Queens, New York, entered his guilty plea on charges of conspiring to commit wire fraud affecting a financial institution and making false bank entries or reports, according to court documents
- ▪15 and faces a maximum penalty of 30 years in prison.
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A former TD Bank employee pleaded guilty to defrauding customers and bribing an employee at another financial institution to falsify bank records, facilitating more than $3.4 million in fraud losses, the Justice Department announced. Cheungkin Lam, 28, also known as Kelvin Lam, of Queens, New York, entered his guilty plea on charges of conspiring to commit wire fraud affecting a financial institution and making false bank entries or reports, according to court documents. He is scheduled to be sentenced Oct. 15 and faces a maximum penalty of 30 years in prison.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Washington Times.
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