CORTEZ, Colo. - (07/17/06) A mom-and-daughter team whorobbed Southwest Colorado FCU last year were rustled off to jail onFriday. Donja Vaughn and her 62-year-old mother, Sharon Vaughn,were sentenced to three years and 12 years in prison for stealinghorses in Kansas and Utah while they were in the horse-breedingbusiness. This case indicates that Colorado still takeshorse thieves very seriously, said state Attorney GeneralJohn Suthers after the sentencing. The mother-and-daughter banditsare scheduled to be sentenced later this summer for the May 2005robbery of $105,000 from the credit union. Mother and daughter werearrested after police searched their apartment and discovered morethan $40,000 in credit union loot hidden there. They first becamesuspects when Sharon Vaughn tried to pay her back rent with $20,000in $20 bills stolen from the credit union. The two women triedunsuccessfully to commit suicide after they learned police were onto them.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





