September 23, 1992 |
The federal agency charged with cleaning up failed thrifts accused a developer funded by Lincoln Savings & Loan of hiding assets to avoid paying a possible judgment or settlement in the government's pending $2.7-billion fraud and racketeering lawsuit. The Resolution Trust Corp. asserts in a new lawsuit, filed in U.S. District Court in Phoenix late Monday, that Emerald Homes Inc.
March 6, 1998 |
Texas separatist Richard McLaren and his followers tried to bilk banks and creditors of $1.8 billion in what they hoped would be "the biggest corporate takeover ever," a federal prosecutor in Dallas charged. McLaren boasted to Republic of Texas members about his plan in a 1996 meeting at his headquarters in the West Texas mountains, prosecutor Mike Uhl said during opening statements in the fraud trial of McLaren and his wife, Evelyn.
CALIFORNIA | LOCAL
May 11, 1993 |
Sheriff's deputies on Monday arrested three Texans suspected of planning to kidnap a Camarillo man who may know the location of millions of dollars stolen in a federal fraud case. The suspects--two men and a woman--were taken into custody without incident about 9:30 a.m. after deputies located their van and watched them move about the Camarillo area for about an hour, authorities said. Sheriff's Lt.
May 8, 1986 |
Texas Atty. Gen. Jim Mattox said Wednesday that the more than 360 confessions of Henry Lee Lucas were a "grand fraud" and that polygraph tests showed the "mass murderer" was a hoaxer who may have killed no more than three people. In releasing a 60-page report after a yearlong investigation, Mattox took law enforcement agencies to task, saying that, in order to clear their books, they had ignored mounting evidence that Lucas was confessing to murders he did not commit.
February 9, 1988
Five businessmen were charged with financial wrongdoing in connection with a sweeping U.S. Justice Department investigation into fraud among Texas' ailing savings and loan institutions, authorities disclosed. U.S. Atty. Marvin Collins of Dallas called the charges the opening salvo of the case, described as the largest FBI investigation of white collar crime in the Southwest.
July 30, 1992
Santa Monica-based National Medical Enterprises reported a loss of $54.2 million in the fourth quarter before extraordinary charges, contrasted with a profit of $79.1 million in the same period a year before. The company attributed the poor performance, which was expected, in part to the costs of divesting hospitals in its troubled psychiatric hospital division, where the company has been burdened with the legal costs of fighting charges of insurance fraud in Texas.