Financial organizations receive threats

More than 50 letters that contained threats and an unidentified white powder have been mailed to U.S. financial institutions and government offices.
OCT 24, 2008
More than 50 letters that contained threats and an unidentified white powder have been mailed to U.S. financial institutions and government offices in at least 11 states since Monday, according to an FBI press release Thursday. Chase Bank, the banking division of JPMorgan Chase & Co. of New York, the Federal Deposit Insurance Corp. and the U.S. Office of Thrift Supervision were among those that received the letters. Chase offices in Phoenix were evacuated Wednesday as a precaution, closing for around two hours. So far, all the letters have been sent from Amarillo, Texas. “It’s payback time,” according to one letter that appears on the FBI’s website. "Steal tens of thousands of people's money and not expect repercussions. What you just breathed in will kill you within 10 days. Thank [redacted] and the FDIC for your demise.” Field test results suggest that the powdery substance is harmless, the FBI said. Further tests, however, will be conducted, the agency added.

Latest News

Vanilla, WealthFeed land new RIA partnerships
Vanilla, WealthFeed land new RIA partnerships

Vanilla is extending its estate planning tech to Callan Family Office's ultra-high-net-worth business, while WealthFeed's organic growth engine will now be available to roughly 100 advisors at The Mather Group.

As Trump Accounts prep for July 4 launch, Franklin Templeton plans $1,000 match
As Trump Accounts prep for July 4 launch, Franklin Templeton plans $1,000 match

“We are helping families take an important first step toward building a financial foundation for the next generation,” said Franklin Templeton CEO Jenny Johnson

Savant Wealth Management enters Maine with latest acquisition
Savant Wealth Management enters Maine with latest acquisition

Richard Brothers Financial Advisors joins the fee-only RIA, adding its first Maine office and $240 million in client assets

Clearstead adds $5.3B Philadelphia wealth team from myCIO
Clearstead adds $5.3B Philadelphia wealth team from myCIO

Cleveland RIA grows to $68 billion in assets as Philadelphia team, deepening its high-net-worth and retirement-plan practice.

Advisors still have questions on Trump Accounts ahead of July 4 launch
Advisors still have questions on Trump Accounts ahead of July 4 launch

Financial planning leaders say unresolved rules on fees, Roth conversions and financial aid complicate comparisons with 529 plans.

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income

SPONSORED Why direct indexing stopped being optional

Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.