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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The Federal Communications Commission proposed a $4.5 million fine against Voxbeam Telecommunications, which it accused of facilitating fraud scams. Many of the calls spoofed phone numbers belonging to American banks.
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New jobs in health care largely drove the gains, while the federal workforce and finance continued to shrink.
April 3 -
The Cincinnati bank's Newline business is now its fastest growing commercial payments segment.
April 3 -
After French authorities stopped a bomb plot against a Bank of America office in Paris, security experts warned banks to step up their preparations for terror attacks.
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The largest crypto theft of 2026 hit Drift Protocol after attackers exploited a small security council, putting a spotlight on DeFi vulnerabilities.
April 2 -
The cryptocurrency exchange is the latest digital asset firm to receive a trust bank charter from the Office of the Comptroller of the Currency.
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