CORTEZ, Colo. -- A mother and daughter, sentenced to prison last months on horse rustling charges, were jailed last week for the roles in the May 2005 robbery of $105,000 from Southwest Colorado FCU here. Mother Sharon Vaughn, 61, received five years in prison for her role in the robbery, while her 37-year-old daughter Donja Vaughn was sentenced to seven years. Police discovered almost $80,000 from the heist at the Vaughns apartment after the mother tried to pay her rent with stolen credit union loot, but almost $26,000 has still not been recovered. The mother-and-daughter, who used to run a horse-breeding operation, were sentenced to jail terms last month for stealing horses in Kansas and Utah from 2000 to 2002.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3