TEMPE, Ariz. - (07/07/05) -- Two California men were found guiltylast month of engineering two interstate armed robberies at localcredit unions in 2002 that netted almost $300,000. The two men,Jonathan Hunter and Derrick McCreary, masterminded the two heistsfrom their Los Angeles base by scouting out the credit unions, thenrecruiting Los Angeles gang members to serve as the gunmen, withoutparticipating in the robberies themselves, according toprosecutors. The two were found guilty of planning a January 2002hold-up at Tempe Schools FCU when $182,293 was stolen, as well as arobbery a month later at Safeway FCU when $106,470 was taken.McCreary traveled to Tempe to sketch out the credit union floorplans and Hunter enlisted the gang members, then they drove themacross the desert the night before the robberies. In the hoursbefore the hold-ups the two would steal a getaway car. The twocriminal masterminds used text messages transmitted over cellphones to communicate their plans, some of which were used asevidence to convict them.
-
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





