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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Apollo's chief economist may be premature on the idea that AI agents will drive people into higher-rate savings products. But he's not that premature.
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The economy added just 29,000 jobs in September, far below economists expectations, though the unemployment rate remained steady, indicating softening in the labor market.
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Thirty-seven percent of those making more than $500,000 live paycheck to paycheck, Goldman Sachs found, making this a problem for more than just lower-income workers.
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Federal Reserve Gov. Lisa Cook said Thursday that private credit does not seem to pose additional risks to the financial system at the moment, but added that more information about the opaque market is needed.
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FiCare asked a judge to stop Fiserv from using automated checks to lift fraud holds. Fiserv says the credit union could have turned on one-time passcodes.
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The federal agency's proposed definitions characterize event contracts as swaps, but exclude "casino-style" gambling.
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