September 4, 1996 |
A former Orange County savings and loan executive, on the run for three years after his conviction for defrauding an Irvine thrift, has been captured and is awaiting an extradition hearing in Hong Kong. Ottavio A. Angotti, former chief executive of the now-failed Consolidated Savings Bank, is expected to fight his return to California at a Nov. 4 hearing in Hong Kong.
October 4, 1994 |
Robert A. Ferrante, former owner of a now-defunct Irvine thrift, won another victory from federal officials Monday when a judge threw out the government's $5-million civil penalties case against him. U.S. District Judge Mariana R. Pfaelzer dismissed the complaint filed by the U.S. attorney's office after Ferrante's lawyers argued that the case against him violated the Constitution's double jeopardy prohibition.
June 19, 1993 |
Ottavio A. Angotti, former chairman of an Irvine savings and loan, has dropped out of sight after being convicted of falsifying thrift records and indicted in a separate case alleging fraud in helping his son obtain a home loan. A federal judge issued a fugitive warrant for the arrest of Angotti, a La Habra resident. Angotti, 56, hasn't been seen since Memorial Day when he was supposed to check into Scripps Hospital in San Diego for surgical tests to determine if he has cancer.
May 13, 1993
A federal jury Wednesday convicted the former chief executive of an Irvine bank in connection with a loan scheme to steal more than $1.6 million through fraud, the U.S. attorney's office said. Ottavio Antonio Angotti, 56, of La Habra was convicted of five counts of causing false entries to be recorded in the books of the now-defunct Consolidated Savings Bank. The verdict was handed down after an 11-day trial before U.S. District Judge Manuel Real.
May 6, 1993
Federal regulators have permanently banned Robert A. Ferrante from running a federally insured bank or savings and loan. Ferrante was chairman and sole owner of Consolidated Savings Bank in Irvine, which failed in 1986. Ferrante agreed to the ban but didn't admit or deny there were grounds for a hearing against him, said the federal Office of Thrift Supervision.
January 9, 1993 |
Ferrante Associates Win New Trials: Two business associates of Robert A. Ferrante, the former owner of now-defunct Consolidated Savings Bank, have been granted new federal trials on fraud and conspiracy charges. U.S. District Judge Mariana R. Pfaelzer granted defense motions for new trials for Raymond L. Arthun and Ottavio A. Angotti because neither the court nor federal prosecutors followed proper procedures in obtaining their waivers of a jury trial.