NORFOLK, Va. - (02/10/05) -- A regional assistant superintendentfor Prince George's County schools in suburban Washington, D.C.,pleaded innocent Wednesday to charges she laundered money from amulti-million dollar drug ring through her account at VirginiaEducators CU. Pamela Hoffler-Riddick, 43, was charged with fivecounts of money laundering after she left her job as a principalfor Virginia Beach, Va., schools. Hoffler-Riddick was among 30people indicted on federal charges in connection with whatauthorities claim was a cocaine and marijuana distributionoperation based in Hampton Roads and stretching through Houston,Dallas, Indianapolis, Baltimore, Charlotte and Lexington, Ky.Authorities charged that Hoffler-Riddick enabled the operation bytaking out loans for real estate and a vehicle for one of theringleaders, that were later repaid with proceeds from theoperation deposited in the credit union.
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Governor Gavin Newsom announced the swearing in of Rohit Chopra as secretary of the California Business and Consumer Services Agency, Amalgamated Bank of Chicago promoted Cherie Duve to executive vice president and chief legal officer, Ramon M. Rodriguez joins USCB Financial Holdings and U.S. Century Bank as an independent director, and more in this week's banking news roundup.
July 3 -
The Open Standard consortium understands what makes a stablecoin valuable isn't how digital it is, but how ubiquitous it is
July 3 -
Low daily, weekly and monthly Zelle limits can cause users to switch to other payment networks, raising the ante for banks to find solutions.
July 3 -
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Sen. Elizabeth Warren, D-Mass., is asking President Trump's son Eric if he plans to refile a lawsuit against Capital One Financial for allegedly "debanking" hundreds of Trump Organization accounts. The letter follows President Trump's nomination of a Capital One executive to lead the Consumer Financial Protection Bureau.
July 2 -
The fintech sponsor bank plans to offer digital asset services.
July 2










