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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Banesco USA in Miami is among the banks that are eyeing the government-guaranteed lending program as a source of growth.
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The House Financial Services Committee unanimously passed bills that would give the Federal Deposit Insurance Corp. more options in resolving failed banks, including by waiving the "least-cost resolution" requirement in some circumstances.
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The Treasury official renewed a pledge to avoid hurting how mortgages trade in a Fox Business News interview as a new study highlighted one way to do that.
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A federal appeals court agreed to have the full bench rehear arguments by the Consumer Financial Protection Bureau's union about whether the Trump administration planned to gut the agency through mass firings.
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Daryl Byrd, who led Iberiabank until it was acquired by First Horizon, has assembled an investor group to acquire MC Bancshares and its subsidiary, MC Bank & Trust Co. in Morgan City, Louisiana. Byrd will become CEO.
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Nine banks and lenders were impacted by the yearslong, $923 million fraud enterprise, according to an indictment of top Tricolor executives. The banks were not publicly named, but JPMorganChase, Fifth Third, Barclays, Louisiana-based Origin Bancorp and Texas-based Triumph Financial have said they would take write-downs.
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