CORTEZ, Colo. – A mom-and-daughter team who robbed Southwest Colorado FCU last year were rustled off to jail on Friday. Donja Vaughn and her 62-year-old mother, Sharon Vaughn, were sentenced to three years and 12 years in prison for stealing horses in Kansas and Utah while they were in the horse-breeding business. “This case indicates that Colorado still takes horse thieves very seriously,” said state Attorney General John Suthers after the sentencing. The mother-and-daughter bandits are scheduled to be sentenced later this summer for the May 2005 robbery of $105,000 from the credit union. Mother and daughter were arrested after police searched their apartment and discovered more than $40,000 in credit union loot hidden there. They first became suspects when Sharon Vaughn tried to pay her back rent with $20,000 in $20 bills stolen from the credit union. The two women tried unsuccessfully to commit suicide after they learned police were on to them.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
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Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
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The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
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Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
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Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
September 11 -
The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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