CORTEZ, Colo. - (05/10/06) -- Sixty-one-year-old Sharon Vaughn,the main suspect in last May's armed robbery at Southwest ColoradoCU, testified Monday during the trial of her daughter and allegedaccomplice, Danja Vaughn, that she made off with only $60,000 fromthe heist, the rest of the $105,000 missing was stolen by RebeccaSmith, the teller on duty that day and a main witness in the case.Another teller at the credit union, Carol Garrett, told jurors thatSmith was formally written up for her job performance that samemonth and planned to quit her job. Smith has agreed to plead guiltyto conspiracy to commit theft after she changed her originalstatement to police that the Vaughns was not involved in therobbery. After changing her story, Smith gave police a stuffedanimal with $15,000 packed into it she said Sharon Vaughn gave herto buy her silence. Smith testified she originally told police theVaughns were not involved because Danja Vaughn threatened her.Sharon Vaughn testified her daughter did not know about the robberyand that the teller was the mastermind behind the heist. She toldjurors that during a meeting at the credit union just six daysbefore the robbery Smith showed her how to walk through the creditunion lobby so as not to be seen by the surveillance cameras. BothVaughns became suspects when the mother tried to pay her back rentwith $20,000 in $20 bills stolen from the credit union. SharonVaughn pleaded guilty in March to charges related to the robberyand is scheduled to be sentenced in June.
-
JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
6h ago -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
7h ago -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
10h ago -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
June 18








