DEARBORN, Mich. - (12/21/04) -- Two motorcycle gang members werearrested Monday morning and charged in the bloody December 2001assault on a cash-delivery truck at Dearborn FCU when the robbersshot one of the guards to death outside the credit union, then madeoff with $204,000. Three others were already in custody and will becharged with the crime, according to Terry Booth, special agent forthe FBI. "The other two guys were reporting to work at the FordRouge Plant this morning when we nabbed them," Booth told TheCredit Union Journal Monday. The five suspects, all former membersof Detroit gang known as the Blue Stone Motorcycle Club, wereidentified as: Timothy O'Reilly, Norman Duncan, Kevin Watson, EarlJohnson and Archie Broom. The group was also involved in at leasttwo other armed robberies, including the June 2003 hold-up of anarmored car delivering cash to Comerica Bank in which $170,000 wasstolen, according to the FBI. On the day of the credit unionassault, the heavily armed suspects, wearing black clothing andhoods over their faces, stormed the cash delivery truck around 4am, then grabbed bags of cash, before fleeing in a hail of bulletsin a min-van. Police arrived at the scene to find two of thetruck's guards had locked themselves in the steel encasement tokeep the robbers out, while the third guard, 30-year-old NormanStephens, a father of six, was dead on the ground outside thetruck. Stephens had been carrying cash to the ATMs when he was shotthree times by two of the suspects.
-
Governor Gavin Newsom announced the swearing in of Rohit Chopra as secretary of the California Business and Consumer Services Agency, Amalgamated Bank of Chicago promoted Cherie Duve to executive vice president and chief legal officer, Ramon M. Rodriguez joins USCB Financial Holdings and U.S. Century Bank as an independent director, and more in this week's banking news roundup.
July 3 -
The Open Standard consortium understands what makes a stablecoin valuable isn't how digital it is, but how ubiquitous it is
July 3 -
Low daily, weekly and monthly Zelle limits can cause users to switch to other payment networks, raising the ante for banks to find solutions.
July 3 -
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Sen. Elizabeth Warren, D-Mass., is asking President Trump's son Eric if he plans to refile a lawsuit against Capital One Financial for allegedly "debanking" hundreds of Trump Organization accounts. The letter follows President Trump's nomination of a Capital One executive to lead the Consumer Financial Protection Bureau.
July 2 -
The fintech sponsor bank plans to offer digital asset services.
July 2










