Former TD Bank, Bank of America employee allegedly helped email scammers launder money

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Oct 8, 2021 | CYBERSCOOP

An accused money launderer allegedly used his position as an employee at Bank of America and TD Bank to aid an email fraud scheme that scammed five businesses out of more than $1 million.

The U.S. Department of Justice announced Thursday that a grand jury had returned an indictment against three men — Onyewuchi Ibeh, Jason Joyner and Mouaaz Elkhebri — charging them with money laundering and aggravated identity theft. The defendants allegedly operated a business email compromise scheme, in which thieves pose as a business or associate in an email then ask a victim to wire up to hundreds of thousands of dollars at a time.

Elkhebri, a 30-year-old resident of Alexandria, Va., used inside access at Bank of America (where he worked as a personal banker and relationship manager from 2015 through 2017) and then TD Bank (where he worked from 2017 through 2018) to open multiple accounts that he used to further the fraud, according to the Justice Department. Prosecutors allege that Ibeh’s role in the scheme was to direct illicit wire transfers to specific accounts, while Joyner withdrew the money in cash.

The charges are another

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