Florida Resident Pleads Guilty to Laundering $4,800,000 in TD Bank Bribe Scheme
Federal prosecutors have secured a guilty plea from a former bank employee accused of taking bribes to help launder millions of dollars in illicit funds to Colombia. Gerardo Aquino, 40, of Hollywood, Florida, pleaded guilty Tuesday to conspiring to launder monetary instruments and receiving bribes as a bank employee, says the U.S. Department of Justice. […]
Our Summary:A former TD Bank employee, Gerardo Aquino, has pleaded guilty to laundering $4.8 million in illicit funds to Colombia through a bribery scheme. Aquino used fake accounts and debit cards to move millions of dollars, receiving over $8,000 in cash and digital payments. He faces up to 20 years in prison on the money laundering count and up to 30 years on the bribery count.