Advertisement
YOU ARE HERE: LAT HomeCollectionsJeffrey S Worthy
IN THE NEWS

Jeffrey S Worthy

FEATURED ARTICLES
BUSINESS
August 11, 1990 | From City News Service
Columbia Savings & Loan Assn. filed a lawsuit Friday against one of its former vice presidents and two other men, accusing them of taking part in a multimillion-dollar equipment-leasing fraud scheme against the ailing thrift. The racketeering suit filed in federal court accuses Jeffrey S. Worthy, Columbia's former director of financial planning, with taking more than $1 million in kickbacks in the alleged scheme. The suit describes $31 million worth of leasing deals set up by Worthy, Michael E.
ARTICLES BY DATE
BUSINESS
November 6, 1991 | MICHAEL FLAGG, TIMES STAFF WRITER
Jeffrey S. Worthy pleaded guilty to federal charges of racketeering and tax evasion Tuesday, leaving only Newport Beach businessman Michael E. Parker to face trial in what prosecutors said was an $11-million fraud at Beverly Hills-based Columbia Savings & Loan Assn. Federal prosecutors in Los Angeles said Worthy, 34, a former Columbia vice president, admitted accepting nearly $1.
Advertisement
BUSINESS
November 6, 1991 | MICHAEL FLAGG, TIMES STAFF WRITER
Jeffrey S. Worthy pleaded guilty to federal charges of racketeering and tax evasion Tuesday, leaving only Newport Beach businessman Michael E. Parker to face trial in what prosecutors said was an $11-million fraud at Beverly Hills-based Columbia Savings & Loan Assn. Federal prosecutors in Los Angeles said Worthy, 34, a former Columbia vice president, admitted accepting nearly $1.
BUSINESS
November 6, 1991 | MICHAEL FLAGG, TIMES STAFF WRITER
Jeffrey S. Worthy pleaded guilty to federal charges of racketeering and tax evasion Tuesday, leaving only Newport Beach businessman Michael E. Parker to face trial in what prosecutors said was an $11-million rip-off of Columbia Savings & Loan Assn. Prosecutors said Worthy, 34, a former Columbia vice president, admitted accepting nearly $1.4 million in kickbacks from Parker in return for persuading the savings and loan to buy tax-shelter investments from Parker.
BUSINESS
November 6, 1991 | MICHAEL FLAGG, TIMES STAFF WRITER
Jeffrey S. Worthy pleaded guilty to federal charges of racketeering and tax evasion Tuesday, leaving only Newport Beach businessman Michael E. Parker to face trial in what prosecutors said was an $11-million rip-off of Columbia Savings & Loan Assn. Prosecutors said Worthy, 34, a former Columbia vice president, admitted accepting nearly $1.4 million in kickbacks from Parker in return for persuading the savings and loan to buy tax-shelter investments from Parker.
BUSINESS
February 28, 1991 | MICHAEL FLAGG, TIMES STAFF WRITER
A Newport Beach executive and a former Columbia Savings & Loan vice president were indicted Wednesday on charges of bilking more than $11 million from the now-insolvent thrift in what is alleged to be among the largest thrift fraud cases in Southern California. A federal grand jury in Los Angeles indicted Michael E. Parker, founder of Parker North American Corp. of Costa Mesa, and Jeffrey S.
BUSINESS
February 28, 1991 | MICHAEL FLAGG, TIMES STAFF WRITER
A Newport Beach executive and a former Columbia Savings & Loan vice president were indicted Wednesday on charges of bilking more than $11 million from the now insolvent thrift in what prosecutors said is one of the largest S&L fraud cases in Southern California. A federal grand jury here indicted Michael E. Parker, founder of Parker North American Corp. of Costa Mesa, and Jeffrey S.
BUSINESS
August 27, 1990 | MICHAEL FLAGG, TIMES STAFF WRITER
It must have seemed like a match made in heaven. But instead it has turned into a divorce so messy that even the FBI is on the case. In 1983, Columbia Savings & Loan Assn., the highflying Beverly Hills thrift with a bulging portfolio of junk bonds, became partners with Parker North American Corp., an equipment leasing firm then based in Newport Beach. The owners of both concerns liked the high life.
BUSINESS
June 22, 1991 | GREGORY CROUCH, TIMES STAFF WRITER
A former Columbia Savings & Loan executive has been convicted of tax evasion for failing to report $200,000 allegedly paid to him by an Orange County businessman accused of defrauding the Beverly Hills thrift of more than $11 million, federal prosecutors said. A federal jury Thursday convicted Gilbert Fuentes, 59, of San Diego after a three-day trial. The former chief financial officer of Columbia faces up to five years in jail and a $250,000 fine.
BUSINESS
August 30, 1991 | MICHAEL FLAGG, TIMES STAFF WRITER
A federal grand jury added three additional counts to its indictment of Michael E. Parker, a Newport Beach businessman accused of defrauding a savings and loan of as much as $11 million. Parker was arraigned in U.S. District Court in Los Angeles on Thursday and pleaded innocent to new charges of helping cheat the government of tax revenue. Parker's trial--originally set to begin Tuesday--was postponed to Jan. 9 to give both sides more time to prepare their cases.
BUSINESS
February 28, 1991 | MICHAEL FLAGG, TIMES STAFF WRITER
A Newport Beach executive and a former Columbia Savings & Loan vice president were indicted Wednesday on charges of bilking more than $11 million from the now insolvent thrift in what prosecutors said is one of the largest S&L fraud cases in Southern California. A federal grand jury here indicted Michael E. Parker, founder of Parker North American Corp. of Costa Mesa, and Jeffrey S.
BUSINESS
February 28, 1991 | MICHAEL FLAGG, TIMES STAFF WRITER
A Newport Beach executive and a former Columbia Savings & Loan vice president were indicted Wednesday on charges of bilking more than $11 million from the now-insolvent thrift in what is alleged to be among the largest thrift fraud cases in Southern California. A federal grand jury in Los Angeles indicted Michael E. Parker, founder of Parker North American Corp. of Costa Mesa, and Jeffrey S.
BUSINESS
August 27, 1990 | MICHAEL FLAGG, TIMES STAFF WRITER
It must have seemed like a match made in heaven. But instead it has turned into a divorce so messy that even the FBI is on the case. In 1983, Columbia Savings & Loan Assn., the highflying Beverly Hills thrift with a bulging portfolio of junk bonds, became partners with Parker North American Corp., an equipment leasing firm then based in Newport Beach. The owners of both concerns liked the high life.
BUSINESS
August 11, 1990 | From City News Service
Columbia Savings & Loan Assn. filed a lawsuit Friday against one of its former vice presidents and two other men, accusing them of taking part in a multimillion-dollar equipment-leasing fraud scheme against the ailing thrift. The racketeering suit filed in federal court accuses Jeffrey S. Worthy, Columbia's former director of financial planning, with taking more than $1 million in kickbacks in the alleged scheme. The suit describes $31 million worth of leasing deals set up by Worthy, Michael E.
BUSINESS
March 7, 1991 | GREGORY CROUCH, TIMES STAFF WRITER
A federal judge here denied bail Wednesday to Michael E. Parker because the Newport Beach businessman indicted last week on charges of defrauding Columbia Savings & Loan is considered a flight risk. U.S. District Judge Robert M. Takasugi declined to release Parker, former president of Parker North America Corp., from jail after hearing testimony from several former employees about alleged plans that the executive had made to flee abroad.
BUSINESS
February 28, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
The decision of the Office of Thrift Supervision to seek restitution from Michael E. Parker and two others for allegedly defrauding Columbia Savings & Loan indicates the agency is looking beyond the owners and chief operators of failed S&Ls to recover losses. OTS Director Timothy Ryan said Wednesday that the agency, which regulates the nation's struggling thrift industry, will seek to recover $25 million in restitution from Parker, the founder of Parker North American Corp., Brian W.
Los Angeles Times Articles
|