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July 01, 1992|From Times Staff and Wire Reports

Former Westwood S&L Chief Sentenced: Edward M. Israel received an 18-month federal prison sentence for defrauding Westwood Savings & Loan, where he was chairman and chief executive. Israel, 40, pleaded guilty last summer to three counts of fraud stemming from a scheme in which he and former Brookside Savings & Loan Chairman Michael S. Moers, who is also serving a prison sentence, secretly sold real estate in which they were partners to their respective S&Ls. Israel has also agreed to pay $6 million in restitution. Both Westwood and Brookside collapsed and were seized by thrift regulators.

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