On January 6, 2026, Wilfredo Aquino pleaded guilty for his role in a money laundering scheme that reportedly moved hundreds of millions of dollars through TD Bank accounts in New York and New Jersey. According to the DOJ, Aquino, a resident of New York, pleaded guilty in February 2022 to one count of conspiracy to launder monetary instruments. He is currently scheduled to be sentenced on May 12, 2026.
According to court documents, from approximately January 2019 to approximately February 2021, Aquino leveraged his former position as an Assistant Store Manager of TD Bank’s Midtown Manhattan location to facilitate transactions for a money laundering network that was led at the time by Da Ying Sze, also known as David (collectively known as David’s Network). Despite receiving regular training regarding TD Bank’s anti-money laundering, anti-bribery, and anti-corruption policies and procedures, Aquino allegedly moved approximately $474 million “by depositing cash at TD Bank stores in New York, New Jersey and elsewhere.” According to federal prosecutors, most of the laundering activity occurred in Aquino’s Midtown Manhattan store, and no one processed more than transactions for David’s Network than Aquino. In furtherance of the scheme, Aquino reportedly processed approximately 1,680 official bank checks totaling more than $92 million for David’s Network, despite having knowledge that several of David’s accounts had been closed for suspicious activity and being warned by a colleague that the transactions “look[ed] like money laundering.” Aquino also allegedly failed to identify David as the “conductor” of transactions in currency transactions reports (“CTRs”) that the Bank was legally required to file, thereby concealing David’s role in the scheme. According to federal prosecutors, Aquino received more than $11,000 in retail gift cards from David for his role in the scheme.
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