Cash Horde Leads To CU RobberySuspect

September 13, 2004, 1:00 a.m. EDT 1 Min Read

BEL ALTON, Md. - (09/13/04) -- One of two suspects in an August 21hold-up at Cedar Point FCU was arrested last week after heallegedly tried to buy a used car with $12,000 in cash stolenduring the heist. Cornelius Chase, 43, released from prison inFebruary, is believed to be one of two men who approached threecredit union employees opening the credit union for the day,ordered them inside at gunpoint, then forced them to open the safe.The two men made off with $150,000. After arresting Chase, policefound $48,000 in cash in the suspect's hotel room that they believewas stolen from the credit union. Police also learned Chase boughtanother car and paid for it with more than $8,000 incash.

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

TRENDING

M&A

Wintrust strikes $510 million deal to acquire Michigan bank

Should the all-stock transaction close as planned later this year, Wintrust Financial in the Chicago area would gain about $2.7 billion of assets.

By Jim Dobbs

11h ago
House Financial Services Leadership

Q&A: Rep. French Hill on his bid to lead Republicans on the HFSC

The Arkansas Republican is currently the vice chairman of the House Financial Services Committee and has a deep background in the banking industry and policy.

By Claire Williams

April 15
Commercial lending

M&T shows progress reducing its CRE exposure

The Buffalo, New York-based bank set a goal four years ago to limit its commercial real estate loan portfolio to 160% of its capital and reserves, and it's closing in on that target, says Chief Financial Officer Daryl Bible.

By John Reosti

April 15

MORE FROM AMERICAN BANKER

M&A

Wintrust strikes $510 million deal to acquire Michigan bank

Should the all-stock transaction close as planned later this year, Wintrust Financial in the Chicago area would gain about $2.7 billion of assets.

By Jim Dobbs

11h ago
House Financial Services Leadership

Q&A: Rep. French Hill on his bid to lead Republicans on the HFSC

The Arkansas Republican is currently the vice chairman of the House Financial Services Committee and has a deep background in the banking industry and policy.

By Claire Williams

April 15
Commercial lending

M&T shows progress reducing its CRE exposure

The Buffalo, New York-based bank set a goal four years ago to limit its commercial real estate loan portfolio to 160% of its capital and reserves, and it's closing in on that target, says Chief Financial Officer Daryl Bible.

By John Reosti

April 15
Politics and policy

Democrats slam U.S. Chamber over credit card fee lawsuit

Democratic Sens. Elizabeth Warren, Mass., and Sheldon Whitehouse, R.I., decried the U.S. Chamber of Commerce's suit against the Consumer Financial Protection Bureau's credit card late fee rule, saying the suit is an example of the kinds of frivolous litigation it opposes elsewhere.

By Ebrima Santos Sanneh

April 15
Artificial intelligence

Why Goldman Sachs CEO David Solomon has become an AI believer

The New York megabank is working to deploy artificial intelligence as it seeks to make its own operations more efficient. Solomon also sees an "unprecedented" opportunity in financing clients' needs as they invest in AI.

By Polo Rocha

April 15
Technology

Europe may have an answer to U.S. wire transfer fraud questions

In an ongoing case, Citi and the New York attorney general are disputing who is responsible for wire transfer fraud that drained a customer's retirement savings.

By Carter Pape

April 15