banks - Shore News Network

Man Arrested for Allegedly Robbing Two Suburban Chicago Banks

DOJ PressJanuary 10, 20220

CHICAGO — A man has been arrested for allegedly robbing two suburban Chicago banks in recent weeks. ANTONIO E. COLLINS has been charged with robbing a Chase Bank branch in Bolingbrook, Ill., on Dec. 21, 2021, and a BMO Harris Bank branch in Homewood, Ill., on Jan. 3, 2022. In each robbery, Collins handed the teller a handwritten note demanding money and stating that he would shoot people if the teller did not comply, according to a criminal complaint filed in U.S. District Court in Chicago. Collins made off with approximately $2,868 from the Chase robbery, and approximately $21,836 from

Essex County Man Sentenced to Three Years in Prison for Unlawfully Possessing Firearm and Conspiring to Defraud Banks of Over $250,000 Using Stolen Credit Cards and Blank Checks

DOJ PressDecember 20, 20210

NEWARK, N.J. – An Essex County, New Jersey, man was sentenced today to 36 months in prison for illegally possessing a firearm and conspiring to defraud two banks of $250,000 using stolen credit cards and blank checks, U.S. Attorney Philip R. Sellinger announced. Tamir Duval, 23, of Newark, previously pleaded guilty by videoconference before U.S. District Judge Susan D. Wigenton to an indictment charging him with one count of illegal possession of a firearm by a previously convicted felon, and to an information charging him with conspiracy to commit bank fraud. Judge Wigenton imposed the sentence today by videoconference. According

Armed Career Criminal Sentenced to 15 Years for Possessing a Firearm on the Outer Banks

DOJ PressDecember 15, 20210

NEW BERN, N.C. – An Elizabeth City man was sentenced today to 180 months in prison as an Armed Career Criminal after being found with a stolen firearm in Kill Devil Hills, NC. On June 8, 2021, Deangelo Maurice Joyner pled guilty to felon in possession of a firearm in connection with the case. According to court documents and other information presented in court, Joyner, 46, was involved in a hit-and-run accident in Dare County. Deputies from the Dare County Sheriff’s Office with assistance by the Kill Devil Hills Police Department quickly located Joyner driving the truck involved in the

New York Man Indicted in Credit Card ‘Bust Out’ Scheme to Defraud Banks

DOJ PressDecember 8, 20210

NEWARK, N.J. – A New York man was indicted today by a federal grand jury in connection with a scheme to defraud banks by using stolen and altered identities to fraudulently obtain credit cards and then using those cards to make millions of dollars in charges that were never repaid, Acting U.S. Attorney Rachael A. Honig announced. Mohammad Mushtaq, 56, of Valley Stream, New York, is charged with one count of conspiring to defraud financial institutions, five counts of bank fraud, one count of access device fraud, and one count of aggravated identity theft. According to documents filed in this

Federal Reserve Study Sinks Biden’s Claim On Climate Risks To Banks

The Daily CallerNovember 29, 20210

The Federal Reserve concluded that weather disasters are “not very” bad for financial institutions despite the Biden administration’s warnings that climate change is an “emerging” threat to banks. “We find that weather disasters over the last quarter century had insignificant or small effects on U.S. banks’ performance,” the report, published in November by the Federal Reserve Bank of New York, stated. “This stability seems endogenous rather than a mere reflection of federal aid.” The report added that extreme climate events “actually boosts profits” for larger banks because of increased loan demand. In addition, smaller banks are adept at avoiding mortgage

15 States Vow To Protect Oil, Gas Industry From ‘Woke’ Banks

The Daily CallerNovember 22, 20210

A coalition of 15 states announced a commitment to scrutinize future business with banks that divest from the fossil fuel industry. The coalition of top state financial officers, formed by West Virginia State Treasurer Riley Moore, collectively represents more than $600 billion in public assets under management, according to the announcement. The officials wrote a letter to banking industry leaders Monday, warning that they would begin considering institutions’ boycotts of fossil fuel companies before awarding state contracts. “Reckless attacks on law-abiding energy companies cut off paychecks for workers and take food off the tables of hard-working families,” Moore and the

Camden Man Sentenced to 200 Months in Prison for Robbing Two Banks, Attempting to Rob Third

DOJ PressNovember 17, 20210

CAMDEN, N.J. – A Camden man was sentenced today to 200 months in prison for robbing two banks, and attempting to rob a third bank over a 10-day period in July 2018, Acting U.S. Attorney Rachael A. Honig announced. Anthony L. Livingston, 50, was convicted in May 2019 of two counts of bank robbery, and one count of attempted bank robbery following a one-week trial before U.S. District Judge Renee Marie Bumb, who imposed the sentence today in Camden federal court. According to documents filed in this case and the evidence at trial: On July 14, 2018, Livingston entered the

Hyattsville Man Sentenced to Seven and a Half Years in Federal Prison for a Scheme to Defraud Banks Using Stolen and Altered Checks

DOJ PressNovember 16, 20210

Greenbelt, Maryland – U.S. District Judge Theodore D. Chaung sentenced Rodney Jerrod Jefferson, age 29, of Hyattsville, Maryland to seven and a half years in federal prison, followed by three years of supervised release, for conspiracy to commit bank fraud. Judge Chaung has also ordered Jefferson to pay a total of $35,100.17 in restitution. The sentence was announced by United States Attorney for the District of Maryland Erek L. Barron and Postal Inspector in Charge Daniel A. Adame of the U.S. Postal Inspection Service – Washington Division. According to his plea agreement, from May 2018 to August 2019, Jefferson conspired

Acting U.S. Attorney Chase Announces the Arrest of Three Beulah, ND, Men for Committing Financial Crimes While Employed at North Dakota Banks

DOJ PressNovember 5, 20210

BISMARCK – Acting United States Attorney Nick Chase announced that a federal grand jury has indicted Brady Daniel Torgerson, age 34; Brent D. Torgerson, age 60; and Kelly M. Huffman, age 32, all three from Beulah, ND, for engaging in financial crimes while employed at North Dakota financial institutions located in Beulah and Glen Ullin, North Dakota. As cited in the Indictment, Brady Torgerson is charged with committing bank fraud, misapplication of bank funds, making false entries in bank records, and committing aggravated identity theft, while employed at two separate North Dakota financial institutions. Additionally, Brent Torgerson and Kelly Huffman

Has Joe Biden Really Nominated A Marxist To Regulate Our Banks?

The Daily CallerOctober 29, 20210

President Joe Biden’s nominee for a top regulatory post within the Treasury Department has been heavily criticized after reports of her alleged Marxist ties and policies to overhaul the banking industry were made public, raising concerns among bipartisan senators. Saule Omarova, a Cornell Law School professor and current nominee for the Office of the Comptroller of the Currency, has been recently criticized for her past writings on Marxism, which called for an overhaul of America’s current banking industry and advocating for extreme regulation policies within the Federal Reserve. Omarova, who was born in the Soviet Union and graduated from Moscow

Twitter Flags Hurtful Tweet From Rep. Jim Banks Calling Rachel Levine A Man As ‘Hateful Conduct’

The Daily CallerOctober 24, 20210

Twitter flagged a tweet from Republican Rep. Jim Banks sent out on Oct. 19 calling Dr. Rachel Levine, who is transgender, a man, the Daily Caller News Foundation has learned. “The title of the first female four-star officer gets taken by a man,” Banks said in a now-locked tweet, in reference to Levine getting sworn in as a four-star admiral to the U.S. Public Health Service Commissioned Corps on Tuesday. The tweet was flagged as “hateful conduct” and Banks’ account was temporarily restricted until he deletes the tweet. Levine, who was born a man as Richard Levine and transitioned in 2011, previously

Tulsa Man Pleads Guilty to Defrauding Investor and Banks of Millions of Dollars

DOJ PressOctober 20, 20210

A con artist who defrauded a man out of $4.5 million and defrauded banks out of $3.9 million pleaded guilty Tuesday in U.S. District Court, announced Acting U.S. Attorney Clint Johnson. William Brian Mulder, 63, of Tulsa, pleaded guilty to causing the interstate transmission of moneys taken by fraud and money laundering. “William Mulder was driven by greed and a relentless spirit of deception. For nearly twenty years, this fraudster repeatedly lied to and cheated friends and banks out of millions of dollars,” said Acting U.S. Attorney Clint Johnson. “I commend the team of federal prosecutors and agents who brought

Fed Governor Thinks Regulators Need To Tell Banks How To Deal With Climate Change

The Daily CallerOctober 8, 20210

Federal Reserve Governor Lael Brainard believes financial regulators should tell banks how to tackle climate change as a way to monitor threats to the overall financial system, The Wall Street Journal reported. Brainard outlined in a speech how the central bank should prepare for climate change events like flooding and wildfires, which she thinks could deliver a shock to the markets and economy. “Ultimately, I anticipate it will be helpful to provide supervisory guidance for large banking institutions in their efforts to appropriately measure, monitor, and manage material climate-related risks, following the lead of a number of other countries,” Brainard

Essex County Man Sentenced to 21 Months in Prison for His Role in Conspiracy to Defraud Banks of More Than $250,000 Using Stolen Credit Cards and Checks

Press ReleaseOctober 6, 20210

NEWARK, N.J. – Alexander Varice, 27, of South Orange, New Jersey, was sentenced today to 21 months in prison for his role in a conspiracy to defraud two banks out of more than $250,000 using stolen credit cards and blank checks, Acting U.S. Attorney Rachael A. Honig announced. Varice’s conspirators, Allen Varice, 25, of East Orange; Dashawn Duncan, 27, of South Orange; Nasheed Jackson, 24, of Newark; Qshaun Brown-Guinyard, 27, Newark; and Tamir Duval, 22, of Newark; previously pleaded guilty by video before U.S. District Judge Susan D. Wigenton to Informations charging each with one count of conspiracy to commit

Essex County Man Sentenced to 30 Months in Prison for Conspiring to Defraud Banks of over $250,000 using Credit Cards and Blank Checks

Press ReleaseSeptember 29, 20210

NEWARK, N.J. – An Essex County, New Jersey, man was sentenced today to 30 months in prison for conspiring to defraud two banks of more than $250,000 using stolen credit cards and blank checks, Acting U.S. Attorney Rachael A. Honig announced. Qshaun Brown-Guinyard, 27, of Newark, previously pleaded guilty by videoconference before U.S. District Judge Susan D. Wigenton to an information charging him with one count of conspiracy to commit bank fraud. Judge Wigenton imposed the sentence today by videoconference. According to documents filed in this case and statements made in court: From August 2018 through January 2020, Brown-Guinyard and

Brooklyn Man Admits Role In Scheme To Defraud New Jersey Banks By Depositing $1 Million In Stolen Checks

Press ReleaseSeptember 27, 20210

NEWARK, N.J. – A Brooklyn, New York, man today admitted his role in a scheme to defraud banks of more than $1 million using stolen and counterfeited checks and stolen identities, Acting U.S. Attorney Rachael A. Honig announced. Frank Ambrosio, 36, pleaded guilty before U.S. District Judge Brian R. Martinotti to an information charging him with one count of conspiracy to commit bank fraud and one count of aggravated identity theft. According to the documents filed in this case and statements made in court: Ambrosio and his conspirators, including Benjamin Rich and Felix Alamo, agreed to defraud banks across New

Man Arrested in Seaford for DUI, Drug Charges

Breaking Local News ReportMay 16, 20200

Seaford, DE – The Delaware State Police arrested Edwin D. Banks, 35, of Seaford, DE, after a traffic stop led to the discovery of drugs. The incident occurred on May 15, 2020 at approximately 7:00 p.m., when a Trooper observed a silver Kia RIO failing to stop at a posted stop sign at School Road and Concord Road, Seaford. A traffic stop was initiated and contact was made with the driver, Edwin Banks, when he was observed holding a vile of pills and attempting to conceal them. An odor of marijuana was also detected. A computer inquiry revealed that Banks’s driver’s license