Fake Cop Nabbed for Check Fraud, Police Say

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A Queens man has been accused of impersonating a police officer to con jewelry stores into accepting fraudulent checks in exchange for gold necklaces worth more than $5,000 last month.Nassau County police arrested Brian Harrington on charges of criminal possession weapon, criminal impersonation of a police officer and issuing bad checks.Fourth Squad detectives alleged the 31-year-old Glendale man flashed a badge at the owner of Rafael’s Jewelry on Peninsula Boulevard in Hewlett on Aug. 15, told the victim he was a cop and asked to see a chain worth $2,965.Harrington, who also flashed a gun holder in his belt, told the victim that he had lost his debit card and wanted to pay by check, which was later found to be made out from a closed account, police said.Later the same day, Harrington allegedly pulled the same scam to get a $2,283 chain from Gulgattie Jewelry in Tri Count Flea Market on Hempstead Turnpike in Levittown.Harrington was apprehended Wednesday in Elmont.  He will be arraigned Thursday at First District Court in Hempstead.last_img read more

Port Jefferson Station Man Killed in Car Crash

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York An 81-year-old Port Jefferson Station man died after crashing his car on the Northern State Parkway early Wednesday morning.New York State police said Pasquale Iaello was driving his Nissan Altima westbound when he lost control and struck a tree on the right shoulder west of exit 42, Route 231, shortly before 5 a.m.The victim, who was driving alone, was pronounced dead at the scene.Troopers are continuing the investigation into the cause of the crash.last_img read more

Suffolk SCPA Probes Suspicious Dog Death

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Suffolk County authorities are investigating the case of a dog that died under suspicious circumstances in Central Islip over the weekend.The Suffolk County SPCA said the young white apparent Poodle mix was found dead and partially covered at the corner of Ferndale Boulevard and Coconut Street on Sunday.A veterinarian at the Veterinary Medical Center of Long Island in West Islip who examined the body did not believe it was hit by a motor vehicle and didn’t rule out blunt force trauma according to Roy Gross, chief of the Suffolk County SPCA. He said X-rays revealed that the dog suffered a fracture in the neck.Suffolk County SPCA investigators ask anyone with information on this case to call them at 631-382-772.last_img read more

First Casino on Long Island Debuts in Islandia

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Thousands of people flocked to Jake’s 58 Hotel & Casino in Islandia Monday upon the debut of the first such facility to open on Long Island following years-long debates over its location.The mini-casino’s soft opening drew crowds despite only having 265 of the 1,000 games that are slated to be installed by this summer. The gambling parlor’s operators insist that they won’t negatively impact the community, although local civic associations still have a pending lawsuit intent on blocking the facility.“We’ll be a good neighbor,” Chuck Kilroy, the president and general manager of the hotel and casino, told the Press. “I think people will be pleasantly surprised at how the property operates and how we’ll become a member of the community.”The Suffolk Off-track Betting Corp. contracted Buffalo-based Delaware North, a hospitality and gaming company, to operate the casino, which is located on the Long Island Expressway westbound service road at the 227-room hotel formerly known as the Islandia Marriott.The Suffolk OTB, which hopes the revenue from the mini-casino will help the agency emerge from bankruptcy, previously planned to build it in Medford, but abandoned that idea due to community opposition. Nassau Downs OTB had faced similar opposition to planned mini-casinos in Westbury and Elmont before it opted for a revenue-sharing agreement in exchange for transferring its rights to 1,000 slot machines to Resorts World Casino in Queens.When the Village of Islandia passed a resolution approving the casino last year, officials insisted that it would not include the typical big-name casino events.“There will be no Vegas-style shows at the hotel,” Islandia Mayor Allan Dorman said in a statement, emphasizing that the mini-casino will have “minimal impact” on the community. “Tony Orlando is not coming to Islandia.”Jake’s 58—a name inspired by the LIE exit number and Jeremy Jacob, the owner of Delaware North—hired 336 staffers, including dozens of security guards, to start, with more hires to come once the construction is complete. The figure does not include construction jobs.Among games such as Wheel of Fortune, Friends and Titanic, are penny slot machines and a high-limit room with bets up to $25. The casino is open until 4 a.m. and reopens at 8 a.m. daily.Once it’s completed, there will be electronic table games, as well as a bar and “grab-and-go” restaurant on the casino floor, Kilroy said. The hotel also has dining at Bistro 58 on the ground floor.Technically, the machines are Video Lottery Terminals (VLTs), not slot machines, but the difference lies in its connectivity. User operation of a VLT is the same as a slot machine.“I’ve been in this business almost 40 years, I can’t tell the difference,” Kilroy said. “They look the same, they act the same.”Regardless, as one group of gamblers walked into the lobby and laid eyes on the casino for the first time, several yelled “Finally!”last_img read more

Putting the ‘I’ in team

first_img 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Each of us must bring our best ‘I’ to the team.by: Jayne HitmanYou’ve all seen it. It’s hanging in every good boss’s office—right above the desk, where you can’t avoid looking at it.We’re talking about that framed motivational poster that reads, “There’s no ‘I’ in team.”That motto has been pounded into many of our heads most of our lives. And you know what? It might be true from a spelling standpoint, but otherwise it’s nonsense.Don’t take it from me. Listen to Joe Montana, the Hall of Fame NFL quarterback and four-time Super Bowl champion.Years ago, speaking of the commitment he and his star teammates made to the San Francisco 49ers, he said, “I expect me—and Jerry Rice and Ronnie Lott—to bring 110% to every practice and every game, every time. Each one of us has to bring our very best ‘I’ to the team. This is the only way we can win as a team.”This statement resonated with me from the first time I heard it. It’s so true.Montana went on to say that “the teams we beat week after week are full of people who live by ‘there’s no “I” in team.’” Everyone expects to win, he said, just because the team has good players on it. continue reading »last_img read more

In a .anything world, the race is on to protect your brand

first_imgby: Ken HarrisAs the Internet expands, the familiar .com, .net and .org domain names are making room for thousands of .anythings. Financial institutions used to operating in a yourbrand.com world must decide how to react to new Internet real estate that will soon include .bank and .creditunion. New .bank domains are available for purchase June 24, which means the race is on to secure your brand.The Internet Corporation for Assigned Names and Numbers (ICANN) – the agency that regulates and governs domain name policy and allocates top-level domains, or TLDs – has opened up this new Internet real estate. ICANN has determined an expansion in the number of TLDs – the unique identifiers immediately to the right of the last dot in an Internet URL address – is essential for the continued health of the Internet.New .bank domains are available for purchase June 24, which means the race is on to secure your brand.Does securing additional second-level domains make sense for your organization? New generic domains include .pizza, .paris, .insurance, .payment and hundreds more. Several brand owners are also launching TLDs, including .allstate, .americanexpress and .jpmorganchase. Although yourbrand.pizza is not a likely candidate, yourbrand.nyc may make sense for a New York-based financial institution, for example. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

NCUA launches new credit union search tool

first_imgNCUA released an improved online research tool on Tuesday aimed at making detailed information about federally insured credit unions easier to find for consumers.NCUA’s Credit Union Locator features upgraded credit union search functions and turn-by-turn driving directions to reach individual credit unions. The research tool also has a more optimized map feature with “pins” denoting each credit union’s location.This new tool provides consumers with the ability to search for a credit union by name, address, zip code or charter number. If a consumer selects a certain credit union branch, they can see information including a credit union’s Web address, phone number and if it has drive-through access. continue reading » 14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Senate expected to vote on defense bill with study language

first_img 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The Senate is expected to vote today on a revised, House-passed defense authorization bill that provides for a NAFCU-sought study on the reliability of the Defense Manpower Data Center database and annual meetings with stakeholders, including credit unions.The House is on recess for Veterans Day this week; it considered the revised bill last week after an earlier version was vetoed by the president. The new bill was approved on a vote of 370-58.The bill contains a provision that NAFCU worked on with Reps. Denny Heck, D-Wash, and Steve Stivers, R-Ohio, regarding the DMDC database. The bill will require the Defense Department to submit a report to Congress on the reliability of the database within 60 days of the bill being signed into law. The Defense Department would also be required to report on the accuracy and reliability of the database every six months through Dec. 31, 2020.In addition, the DMDC would be required to have regular meetings with financial industry stakeholders about the database. continue reading »last_img read more

Winning the rate game

first_img 13SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The market for commercial real estate (CRE) loans is really gaining speed, and credit unions should take note of this in order to execute a successful business and commercial lending strategy. The new year marks the beginning of increasing competition among the industry’s CRE lenders as they seek to meet the continuing demand for commercial loans, while remaining competitive in the rate game.Look at the situation from the standpoint of the pass-through rate, which is the net interest rate passed through to investors after deducting servicing, management and guarantee fees from the gross mortgage coupon. In 2014, and for most of last year, the pass-through rates for CRE loan participants with standard credit ranged from 3.9 percent to 4.25 percent. These pass-through rates translated to interest rates for borrowers in the 4.40 percent to 4.75 percent range. With the recent NCUA member business lending deregulation and increase in loan volumes, CRE lenders have an opportunity to sustain growth into 2016, in spite of the rate hike.In the past few months, our research team has performed a market scan to assess the number of large-scale and community banks entering the CRE space with highly competitive rates. In many cases, these competitive rates were between .50 percent and .75 percent lower than the standard rates earlier in 2015. In some cases, credit unions lost attainable CRE opportunities to banks that negotiated much lower rates on deals. This trend can and should stop now; credit unions cannot afford to miss these opportunities to capture more market share. continue reading »last_img read more

House passes financial services spending bill

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The House late Thursday passed a financial services spending bill that cuts funding for the Internal Revenue Service and the Securities and Exchange Commission.The measure was approved by a largely party-line vote of 239 to 185.In total, the bill provides $21.7 billion for various agencies and programs in fiscal year 2017, $1.5 billion less than this year’s enacted level. IRS funding would be cut by $236 million and SEC funding would be cut by $50 million.The bill would cut FCC funding by $69 million and curbs the agency’s ability to take action on its proposed set-top box rule until a study is finished.The bill also provides funds for the federal courts, Small Business Administration, Consumer Financial Protection Bureau, General Services Administration and Federal Communications Commission. continue reading »last_img read more