BRIDGEPORT, Conn. - (08/18/04) A former teller has pleaded guilty toher role in the theft of $67,000 from the Bridgeport Police FCU.Thirty-two-year-old Maritza Zapata and her boyfriend, 24-year-oldAngel Maldonado, were charged with bank larceny and conspiracy tocommit bank larceny. Zaapata worked for BFCU as a teller and haspleaded guilty to conspiracy. Zapata had originally entered anot-guilty plea. According to local reports, Zapata confessed togiving the key to the building, alarm codes and the combination tothe vault to Maldonado. Zapata faces up to five years in prison anda fine. Maldonado has pleaded innocent, and his trial is set tobegin Sept. 2. Authorities believe the money was spent on cars,jewelry and Maldonado's legal expenses
-
The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
2h ago -
The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
2h ago -
At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
3h ago -
Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
4h ago -
The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
6h ago -
Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
6h ago