Armed Robbery Financed DrugBuys

January 06, 2006, 1:00 a.m. EST 1 Min Read

BANGOR, Me. - (01/06/06) -- A 22-year-old Augusta man wassentenced Tuesday to more than 15 years in prison for his role inan armed robbery at Maine Savings FCU in Oct. 2004. Albert Peaslee,Jr., and his two accomplices used the more than $12,000 stolen fromthe credit union to buy drugs and gamble at Foxwoods casino inConnecticut, prosecutors said. Peaslee was sentenced to eight yearsand four months in prison for the robbery and another seven yearsfor brandishing a gun at one of the tellers. His accomplices,Jeremy Jones, 27, of Gardiner, was sentenced to seven-and-a-halfyears for his part in the robbery, and Jimmy Wilson, 20, thegetaway car driver, is scheduled for sentencing on Jan.18.

For reprint and licensing requests for this article, click here.

TRENDING

Payments

Visa card spending remains strong, despite a slowdown in Asia

Strong consumer spending and cross-border activity drove an 8% increase in Visa's total payments volume during the first quarter of the year, although Asia's economic recovery is taking longer than expected.

By Kate Fitzgerald

33m ago
Payments

Mastercard using open banking to spot fraud, EU warms to Apple Pay policy

Mastercard launches service to fight instant-payment fraud, EU may green-light Apple's NFC-access plan, and more.

By Kate Fitzgerald

3h ago
ESG

Politicians should stop playing culture war politics with public funds

An anti-ESG crusade in Texas exposes the degree to which conservative hype over companies' ESG policies has lost touch with the reality of the market, to the detriment of taxpayers.

By Sam Raus

3h ago

MORE FROM AMERICAN BANKER

Payments

Visa card spending remains strong, despite a slowdown in Asia

Strong consumer spending and cross-border activity drove an 8% increase in Visa's total payments volume during the first quarter of the year, although Asia's economic recovery is taking longer than expected.

By Kate Fitzgerald

33m ago
Payments

Mastercard using open banking to spot fraud, EU warms to Apple Pay policy

Mastercard launches service to fight instant-payment fraud, EU may green-light Apple's NFC-access plan, and more.

By Kate Fitzgerald

3h ago
Consumer banking

20 banks and thrifts with the most assets

The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.

By Editorial Staff

8h ago
Regulation and compliance

'Through the looking glass': Jamie Dimon sounds off on regulatory burden

The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.

By Catherine Leffert

11h ago
Litigation

If Supreme Court sides with CFPB, 'flurry' of litigation moves forward

Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.

By Kate Berry

April 23
Politics

Democrats push back against Corporate Transparency Act ruling

Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.

By Claire Williams

April 23