NORFOLK, Va. - (10/17/05) -- A former assistant superintendentfor Prince George's County schools in suburban Washington, D.C.,was found guilty of five counts of money laundering Friday in amajor drug conspiracy case. Pamela Hoffler-Ridick, 44 faces up to20 years in prison after being convicted of funneling more than$16,000 in proceeds from a multi-million dollar drug ring throughher account at Virginia Educators CU. She claimed she didn't knowthat her then-boyfriend was using her to hide his drug profits.Hoffler-Riddick was one of 40 defendants charged in 'OperationBlowfish,' a ring that federal agents said distributed about $20million in marijuana and cocaine, imported mostly from Mexico tosoutheastern Virginia and other locations between 1996 and 2004.She was once a standout educator in Virginia Beach and in Norfolk,then later in Maryland, where she lost her $138,000-a-year jobafter her arrest last year.
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These are the executives, regulators, investors, disruptors and firebrands who will have the biggest impact on bankers in the coming year.
5h ago -
A new report from the Basel, Switzerland-based Financial Stability Board found that nonbank financial institutions grew considerably faster than banks in 2024 and now control more than half of the world's financial assets.
9h ago -
GBank will serve as the bank partner for a cashless slot machine betting app that is looking to expand nationwide after getting a key regulatory approval in Nevada.
December 15 -
The payments company submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corp. to create PayPal Bank. If approved, Mara McNeill, the former president and CEO of Toyota Financial Savings Bank, will serve as PayPal Bank's president.
December 15 -
The small Missouri community bank partnered with embedded banking provider Treasury Prime to connect with fintechs and signed on its first sponsoree earlier this year.
December 15 -
New data shows a 21% jump in fraud attempts during Thanksgiving week, with automated bots and credential stuffing leading the charge.
December 15





