The U.S. Department of Justice announced that former TD Bank employee Oscar Marcel Nunez-Flores recently pleaded guilty for his role in an international money laundering scheme. According to federal prosecutors, Nunez helped co-conspirators open bank accounts that were used to launder more than $26 million to Colombia. On January 21, 2026, Nunez pleaded guilty to conspiring to launder monetary instruments and the receipt of bribes by a bank employee. He is currently scheduled to be sentenced on May 27, 2026.
According to court documents, Nunez accepted bribes in exchange for leveraging his position at the bank to help a money laundering network gain access to TD Bank from approximately March 2021 and until his arrest in October 2023. He reportedly assisted the network by registering shell companies in New Jersey and opening accounts in the names of shell companies with nominee owners who Nunez knew were not actually controlling the accounts. He also allegedly opened customer accounts without any purported customer present. After the accounts were opened, he allegedly provided more than 600 debit cards for the accounts, which he also shipped to a co-conspirator in Columbia. According to federal prosecutors, the debit cards were used to make more than 120,000 withdrawals from ATMs located throughout Columbia.
DOJ Press Release | Plea Agreement | Information