CARSON CITY, Nev. (07/25/06) -- A federal appeals court has reaffirmed an earlier ruling that a former member of Nevada FCU who spent 12 years in prison, was wrongly convicted for check fraud, and she now plans to file a civil rights case for damages. A Las Vegas attorney representing 59-year-old Joni Goldyn said the former credit union member will be seeking damages for her years in prison and her children will be seeking damages for loss of consortium. In its ruling, the 9th Circuit Court of Appeals in San Francisco said it is without question that Goldyn bounced checks on her credit union account, which she opened under an assumed name, but noted that Goldyn, a habitual gambler, also had a check guarantee card, requiring the credit union to cover her checks. The appellate court said though Goldyn was charged with writing bad checks the credit union was obligated to cover them and so “the bottom line is that the checks Goldyn wrote were not bad, and the merchants who accepted her checks were not injured; they were paid in full.” The court said the credit union could have tried to collect its money from Goldyn using debt collection procedures to recover what amounted to a loan, “but failure to repay a loan is not a crime; the days of imprisoning insolvent debtors are long gone”. Goldyn was convicted of writing five bad checks on the Las Vegas credit union and, because she had four previous fraud-related convictions, was sentenced to multiple life terms as a habitual criminal. She won a pardon in 1999 and was paroled in 2001 and placed on lifetime parole after her lawyer said she reformed herself in prison, earning two college degrees and forming a Gamblers Anonymous group behind bars.
-
Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
March 27 -
Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
March 27 -
Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
March 27 -
The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
March 27 -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
March 27 -
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
March 27











