Ex-TD Bank Employee Admits to Fraudulently Opening 140 Accounts Using Fake Identities, Faces 30 Years and $1 Million Fines

EddieJayonCrypto

 27 Jun 25

tl;dr

Jhonnatan Steven Rodriguez, a former TD Bank employee, pleaded guilty to accepting bribes to fraudulently open approximately 140 bank accounts. He accepted payments of $200 to $250 per account, often forging signatures and using the alias "Jorge" to communicate with clients. The accounts were used f...

Jhonnatan Steven Rodriguez, a former TD Bank employee, pleaded guilty to accepting bribes and fraudulently opening approximately 140 bank accounts. He used forged signatures and the alias "Jorge" to open accounts on behalf of unknown individuals, receiving payments of $200 to $250 per account.

These fraudulent accounts were sometimes used for further criminal activities. Prosecutors revealed that one individual sent Rodriguez 25 payments totaling $6,335 for multiple accounts, while another paid $1,050 in December 2022 for additional accounts.

Rodriguez faces serious repercussions, including up to 30 years in prison and fines up to $1 million per charge. He pleaded guilty to one count of receipt of bribes by a bank employee and one count of making false bank entries. Sentencing is scheduled for November 25th in federal court.

This case highlights the risks banks face from insider threats and underscores the importance of rigorous controls around account openings and employee conduct.