A former employee at a Florida TD Bank branch has pleaded guilty to laundering about $4.8 million for Colombians involved in criminal activity in exchange for small bribes, the US Department of Justice (DOJ) said Tuesday.
Gerardo Fermin Aquino Vargas, a former retail banker at a Hollywood, Fla., TD Bank branch, pleaded guilty to charges in an information that he opened 114 fraudulent accounts at the bank on behalf of money launderers who delivered illicit funds to Colombia, between April 2022 and November 2023, the DOJ said. The information, filed in the US District Court for the District of New Jersey, did not identify the criminal activity the Colombian conspirators were involved in.
