TOLEDO, Ohio – Three members of a crime robbery pleaded guilty Monday to a spree of violent credit union hold-ups that netted them almost $1 million. Two accomplices were already convicted of the spree, which terrorized employees and members at area credit unions over a three-year period. The group was responsible for two robberies at Jeep FCU, and heists at Toledo Public Schools FCU, Champion FCU, one at Standard S&L, and an attempted robbery at Toledo Police FCU, all between 1998 and 2001, but weren’t arrested until earlier this year. The suspects were charged with RICO violations for a pattern of corrupt activities, in order to allow authorities to circumvent the statute of limitations on bank robbery charges. In each robbery the strategy was the same: masked gunmen burst in right after opening and demanded money from managers, because they had access to larger sums than tellers. The five convicted were: William Wren, 30, David Booth, 38, Milo Terry, 33, John Jackson, 33, and James Wyley, 37.
-
Unexpected changes in spending patterns on the P2P app caused the company to miss internal and analyst targets, resulting in a more cautious shift in its annual guidance and a plummeting stock in afterhours trading.
4h ago -
The Consumer Financial Protection Bureau will not enforce or supervise the 1071 small business lending rule, it announced in a press release. The rule requires collecting data on the race, ethnicity, gender and LGBTQ status of loan applicants.
4h ago -
Executives at the San Antonio bank say their business customers should be able to pass along higher costs from tariffs to consumers. Still, the bank acknowledged the risk of a recession.
6h ago -
The Small Business Administration is backing new legislation that would double the size limit on its manufacturing loans. Supporters say the bill has support on both sides of the aisle in Washington.
6h ago -
Large banks are ramping up AI investment at the same time they are reducing their workforces, though no one seems ready to publicly draw a connection between those two actions.
8h ago -
Ex-National Credit Union Administration board member Todd Harper outlined legal, economic and political dangers of recent firings of independent regulators.
8h ago