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.
-
The Buffalo-based bank said Thursday that the paring of its CRE loan book, which has nearly halved in volume over the last three years, may be near its inflection point.
37m ago -
The BNPL lender is launching a three-day shopping event that pushes 0% financing offers to draw more consumers into the app and increase sales volumes for merchants ahead of the holiday season.
46m ago -
While borrowing activity increased from a year ago, seasonal patterns and economic concerns suggest near-term slowing, the Mortgage Bankers Association said.
1h ago -
Amid growing deepfake threats and successful biometric bypass attempts by fraudsters, the bank added an extra layer of security to strengthen the authentication process.
1h ago -
The Bank of New York Mellon had 117 different AI solutions in production at the end of September, Chairman and CEO Robin Vince said. That's up 75% from the second quarter.
1h ago -
An internal error worth more than double the world's GDP highlights both the operational risks and the transparent, self-correcting nature of public blockchains.
1h ago