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BRIEFLY

September 15, 1987

An attorney for three men accused of defrauding Continental Illinois National Bank & Trust Co. of Chicago in 1982 said the charges may be invalid because they were filed after the statute of limitations ran out. The three are charged in a scheme that prosecutors say eventually caused a run on the bank in 1984. The federal government later arranged a $4.5-billion bailout of the bank. Charged Aug. 31 with wire fraud were William G. Patterson, a former loan officer with Penn Square Bank; John R. Lytle, a former loan officer at Continental Illinois, and Jere Sturgis, an oilman from Tulsa, Okla. Attorney Matt Kennelly said he will file motions Sept. 25 in U.S. District Court to dismiss the charges.

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