VICTORVILLE, Calif. - (11/22/04) -- In a case that spotlights thegrowing use of DNA in crime solving, a local gang member wasarrested last week and charged with the August 2003 armed robberyat Victor Valley FCU after authorities linked DNA produced fromsaliva scraped from a ski mask used in the hold-up to a samplebelonging to a convicted sex offender. As a result, Johnnie LeonRice, 34, a known member of the Fruit Street Bloods, now faces apossible third offense under California's 'three strikes' law,which carries a sentence of 25 years to life in prison. Police saidRice and two accomplices donned masks and ran into the credit unionwith guns brandished and jumped the teller counter, then loadedtrash bags with $30,000 in cash before escaping in a stolen ToyotaCamry parked in the adjacent alley. The getaway car was discovereda short while later with its engine still running and clothing,including the ski mask with tell-tale traces of saliva that led toRice's capture.
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What was once a bipartisan and broadly popular housing bill has been weighed down with a pair of provisions that banks can't support. Even with those headwinds, the bill is more likely than not to pass, but not without drawn-out negotiations between the House and Senate.
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Federal Reserve Gov. Michael Barr said in a speech Tuesday afternoon that he wants to see a durable and reliable reduction in consumer price inflation before he considers cutting the central bank's interest rates.
March 24 -
B2 Bank in Minnesota, which recently exited a regulatory action in connection with its banking-as-a-service business, announced the hires of a new CEO and two other senior executives.
March 24 -
The company's investment advisory subsidiary was dinged for failing to properly disclose that its allocation of certain client assets represented a conflict of interest.
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Western Union CEO Devin McGranahan said at the Digital Asset Summit in New York that stablecoins were a great way to earn float revenue on money moving through its network. But the possibilities didn't end there.
March 24 -
The payment firm's P2P app, which has only been available in the U.S., will provide a new lane for remittances and other cross-border payments.
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