FAIRFIELD, Calif. - (07/18/05) -- A Vacaville man was charged lastweek with drugging his elderly mother and taking her to her creditunion where she was induced to sign her name to cashiers' checksrepresenting her life savings of more than $100,000 in April andMay. Mark Cox was ordered to stand trial on a felony charge ofelderly abuse. His 72-year-old mother testified in tears last weekhow her son and a man she believed to be a pastor drugged her, thentook her to the Travis CU, where she signed her name to a cashier'scheck, nearly emptying her account. A detective testified that Coxhad already drained more than $80,000 from her mother'saccount.
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Backed by tech billionaires, the crypto-focused digital startup bank's timely application reflects the current administration's openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers' political ties.
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Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement submitted to the U.S. Treasury.
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Baton Rouge-based Investar Holding Corp. has agreed to pay $84 million for Wichita Falls Bancshares, which operates five branches in the Dallas-Fort Worth Metroplex.
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A federal judge in New York has rejected Huawei's effort to toss charges alleging bank fraud, sanctions violations and trade secrets theft.
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