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James D Stout

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BUSINESS
June 30, 1988 | KIM MURPHY, Times Staff Writer
Orange County real estate developer James D. Stout was indicted Wednesday by a federal grand jury on charges of accepting $1.5 million in kickbacks in a series of real estate transactions with the troubled Beverly Hills Savings & Loan Assn.
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BUSINESS
November 9, 1988 | TOM FURLONG, Times Staff Writer
James D. Stout, once a prominent real estate developer in Orange County, was found innocent Tuesday of charges that he accepted $1.5 million in kickbacks in land deals involving Beverly Hills Savings & Loan Assn. A jury acquitted Stout following a two-week trial before U.S. District Judge Consuelo B. Marshall in Los Angeles. The jury deliberated less than a day before delivering its verdict. Law enforcement officials have mounted a major nationwide effort to deter criminal fraud in the U.S.
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BUSINESS
November 9, 1988 | TOM FURLONG, Times Staff Writer
James D. Stout, once a prominent real estate developer in Orange County, was found innocent Tuesday of charges that he accepted $1.5 million in kickbacks in land deals involving Beverly Hills Savings & Loan Assn. A jury acquitted Stout following a two-week trial before U.S. District Judge Consuelo B. Marshall in Los Angeles. The jury deliberated less than a day before delivering its verdict. Law enforcement officials have mounted a major nationwide effort to deter criminal fraud in the U.S.
BUSINESS
June 30, 1988 | KIM MURPHY, Times Staff Writer
Orange County real estate developer James D. Stout was indicted Wednesday by a federal grand jury on charges of accepting $1.5 million in kickbacks in a series of real estate transactions with the troubled Beverly Hills Savings & Loan Assn.
REAL ESTATE
June 23, 1985
It's a lot of money, $500 million. It almost sounds like a federal government appropriation but, actually, it's the value of property that changed hands in a single real estate transaction. Irvine-based J. D. Stout Co.--principals, James D. Stout, Michael Shatsky and Norman Nemrow--began buying apartment properties in 1982, and by late 1984, owned 52 complexes totaling more than 10,000 units in 15 states, half in prime California market areas.
BUSINESS
September 12, 1985 | DOUGLAS JEHL, Times Staff Writer
Congressional investigators Wednesday assailed as "imprudent" and "irresponsible" the decision of an independent auditor to award a clean bill of health to Beverly Hills Savings & Loan in April, 1984, barely a year before it was declared insolvent. The auditing firm, Touche Ross, should have realized that the S&L was risking insolvency through its "reckless management and high-risk investments, in which the rate of return was measured in dreams rather than dollars," said Rep. John D.
BUSINESS
July 15, 1985 | ROBERT L. JACKSON, Times Staff Writer
A congressional panel plans to examine this week whether conflict of interest as well as risky real estate ventures contributed to the insolvency of Beverly Hills Savings & Loan Assn. and why federal banking regulators did not take early action to remove the thrift's management. As hearings resume today before the oversight subcommittee of the House Energy and Commerce Committee, congressmen plan to focus on Robert E.
BUSINESS
July 16, 1985 | ROBERT L. JACKSON, Times Staff Writer
Beverly Hills Savings & Loan Assn. embarked on a "joy ride" of high-risk real estate ventures before it failed last April, but Federal Home Loan Bank Board officials seemingly ignored "very clear warning signs of impending disaster," congressional investigators charged Monday. The accusations were leveled by Rep. John D. Dingell (D-Mich.), chairman of the House Energy and Commerce oversight subcommittee, and by subcommittee member Rep. Ron Wyden (D-Ore.
BUSINESS
October 21, 1986 | TOM FURLONG, Times Staff Writer
Federal savings and loan regulators have sued more than a dozen former directors and officers of Beverly Hills Savings & Loan, charging that their questionable real estate transactions, negligent lending practices and "junk bond" investments caused more than $120 million in losses. The lawsuit, filed late last week in Federal District Court in Los Angeles, names both Paul Amir and Dennis M. Fitzpatrick as defendants in the suit.
REAL ESTATE
April 9, 1989 | RUTH RYON, Times Staff Writer
If you've ever driven along Pacific Coast Highway through Seal Beach, you've probably seen one of the most unusual houses in Orange County. It's a landmark there, and as realtor Stephanie St. Pierre of Century 21 in Huntington Beach likes to say, "It's up for grabs, but it's quite a reach." The house is for sale at $3.5 million, but St. Pierre, who has the listing, was talking about its location: The house is perched 85 feet above the ground atop wooden stilts that once were part of the SUNSET BEACH WATER TOWER.
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