Advertisement
YOU ARE HERE: LAT HomeCollectionsJohn F Hayden
IN THE NEWS

John F Hayden

FEATURED ARTICLES
ARTICLES BY DATE
Advertisement
BUSINESS
February 23, 1989 | MICHAEL FLAGG, Times Staff Writer
A federal court jury Wednesday convicted Orange County businessman John F. Hayden on 27 counts of defrauding 22 banks and thrifts by issuing millions of dollars in worthless loan guarantees. The jury acquitted the Santa Ana resident of one count of interstate transportation of stolen property. The jury convenes again today to consider a final, 29th count of conspiracy, a prosecutor said. In an 11-week trial, prosecutors alleged that Hayden used Glacier General Assurance Co.
BUSINESS
April 5, 1989 | JOHN O'DELL, Times Staff Writer
The federal judge in the fraud and conspiracy trial of Tustin businessman John F. Hayden has rejected the jury's guilty verdict on 27 fraud counts and scheduled a new trial for the former insurance company owner. Hayden is accused of defrauding 22 banks and savings and loan associations of millions of dollars by issuing worthless loan guarantees through his now-bankrupt company, Glacier General Assurance Co. of Montana. In his ruling Monday, U.S. District Judge Harry L.
BUSINESS
April 5, 1989 | JOHN O'DELL, Times Staff Writer
The federal judge in the fraud and conspiracy trial of Tustin businessman John F. Hayden has rejected the jury's guilty verdict on 27 fraud counts and scheduled a new trial for the former insurance company owner. Hayden is accused of defrauding 22 banks and savings and loan associations of millions of dollars by issuing worthless loan guarantees through his now-bankrupt company, Glacier General Assurance Co. of Montana. In his ruling Monday, U.S. District Judge Harry L.
BUSINESS
May 23, 1986
John F. Hayden, 66, of Santa Ana was arrested shortly after being indicted by a Los Angeles federal grand jury on wire fraud charges stemming from two real estate deals. Hayden and six others allegedly borrowed $21 million from 21 financial institutions by relying on fraudulent appraisals and by submitting worthless financial guarantee bonds issued by Glacier. Glacier was declared insolvent by California and Montana authorities in 1985.
CALIFORNIA | LOCAL
May 23, 1986
Seven Southern California businessmen have been indicted by a Los Angeles federal grand jury on wire fraud charges involving $21 million worth of real estate loans. Six defendants were arrested Thursday by the FBI. The seventh is believed to be in Costa Rica, authorities said. The 35-count indictment, issued late Wednesday, alleges that the businessmen fraudulently borrowed the $21 million to purchase and develop land in Chatsworth and Newhall.
CALIFORNIA | LOCAL
May 25, 1986
Seven businessmen--six of them from Orange County-- swindled 21 banks and savings and loan companies out of $21 million in real estate loans, according to a federal grand jury indictment. The businessmen allegedly told the lending institutions that they planned to buy and develop land in Chatsworth and Newhall, the indictment, filed in Los Angeles, charged. But, according to court records, the men diverted the money for their own use.
BUSINESS
June 14, 1988 | JOHN SPANO, Times Staff Writer
A federal judge Monday dismissed 21 counts from a 31-count indictment against Santa Ana businessman John F. Hayden, ruling that a one-year delay in prosecution prejudiced Hayden's defense. U.S. District Judge Harry L. Hupp made the unusual ruling in Los Angeles. While Assistant U.S. Atty. Terree A. Bowers told Hupp that an appeal was possible, he declined to comment after the court session.
CALIFORNIA | LOCAL
June 17, 1987 | JANE APPLEGATE, Times Staff Writer
LOS ANGELES-A federal judge has sentenced a Laguna Niguel real estate broker to two years in prison for his role in a complex $21-million real estate fraud. John (Skip) Chodak, 44, previously pleaded guilty to six counts of wire fraud and one count of interstate transportation of funds obtained by fraud for his role in swindling 21 small savings and loan associations out of about $21 million.
BUSINESS
February 23, 1989 | MICHAEL FLAGG, Times Staff Writer
A federal court jury Wednesday convicted Orange County businessman John F. Hayden on 27 counts of defrauding 22 banks and thrifts by issuing millions of dollars in worthless loan guarantees. The jury acquitted the Santa Ana resident of one count of interstate transportation of stolen property. The jury convenes again today to consider a final, 29th count of conspiracy, a prosecutor said. In an 11-week trial, prosecutors alleged that Hayden used Glacier General Assurance Co.
CALIFORNIA | LOCAL
May 23, 1986 | JANE APPLEGATE, Times Staff Writer
Seven Southern California businessmen allegedly involved in a $21-million real estate loan fraud centering on land in Chatsworth and Newhall were indicted late Wednesday by a federal grand jury in Los Angeles. The FBI arrested six defendants Thursday. An arrest warrant was issued for the seventh defendant, who is believed to be in Costa Rica. The 35-count indictment accuses the men of setting up an elaborate scheme to defraud 21 financial institutions.
CALIFORNIA | LOCAL
August 12, 1986 | JANE APPLEGATE, Times Staff Writer
Orange County businessman John (Skip) Chodak, 43, of Laguna Hills pleaded guilty Monday in U.S. District Court here to arranging a complex real estate scheme that caused a consortium of banks to lose $21 million. Chodak pleaded guilty to six counts of wire fraud and one count of interstate transportation of funds obtained by fraud.
Los Angeles Times Articles
|