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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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.
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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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