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BUSINESS
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.
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BUSINESS
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.
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BUSINESS
September 15, 1992 | From Times Staff and Wire Reports
Former S&L Chief Acquitted: Robert A. Ferrante, the target of a five-year FBI investigation, was acquitted of all charges stemming from the operation of now-defunct Consolidated Savings Bank in Irvine. Three co-defendants were also acquitted, but two close associates, Ottavio A. Angotti and Raymond L. Arthun, were convicted of conspiracy and fraud counts relating to $4 million in loans that Consolidated made to Pyrotronics Corp., an Anaheim fireworks manufacturer.
NEWS
June 12, 1986
The Culver City council this week approved permits for 10 nonprofit groups to sell so-called "safe and sane" fireworks for the Fourth of July holiday and has authorized up to $8,500 in city funds for a local service group to stage the city's annual fireworks display. The 10 local veterans' and civic organizations applied in April for the right to sell state-approved fireworks in Culver City from June 29 to July 4.
NEWS
March 15, 1985 | LESLIE BERKMAN, Times Staff Writer
A group of unidentified investors is negotiating to take control of Pyrotronics Corp., one of the nation's leading manufacturers of so-called "safe-and-sane" fireworks, from W. Patrick Moriarty, who earlier this week pleaded guilty to a variety of corruption charges and agreed to testify against local and state politicians.
BUSINESS
November 20, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
A Glendale real estate appraiser on Monday was given five years probation for conspiring to falsify the books of defunct Consolidated Savings Bank in Irvine and for failing to file income tax returns. U.S. District Court Judge Harry Hupp also ordered Harlan Wolfe to provide 750 hours of community service, cooperate with the Internal Revenue Service in figuring his tax bill from 1983 through 1987, and file timely and truthful income tax returns in the future. Wolfe, 61, pleaded guilty Aug.
BUSINESS
October 16, 1985 | JEFF ROWE
Pyrotronics, the Anaheim fireworks company formerly owned by political corruption figure W. Patrick Moriarty, has filed a $2-million suit against eight former employees and a fireworks company they formed in Orange. The suit, filed Friday in Orange County Superior Court, alleges that the eight workers stole secret client lists from Pyrotronics Corp. and asks that their new employer, Red Dragon Fireworks Co., be prevented from using those lists.
CALIFORNIA | LOCAL
August 1, 1985 | MICHAEL SEILER, Times Staff Writer
W. Patrick Moriarty, the bankrupt Orange County businessman awaiting sentencing on a number of political corruption charges, has a contract with the fireworks company he once controlled that will pay him nearly $1 million over the next nine years--even though he might be in prison. Moriarty will be paid $150,000 this year and $100,000 annually for the following eight years by Pyrotronics Corp.
BUSINESS
November 20, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
A Glendale real estate appraiser Monday was given five years' probation and barred from appraisal work during that period for conspiring to falsify the books of defunct Consolidated Savings Bank in Irvine and for failing to file income-tax returns. U.S. District Judge Harry L.
CALIFORNIA | LOCAL
February 14, 1985 | JAMES S. GRANELLI, Times Staff Writer
A director on the board of W. Patrick Moriarty's Anaheim fireworks company sued his embattled business associate on Wednesday, claiming that Moriarty failed to repay $500,000 lent for the start-up of a poker club in Commerce. Edgar E. Pankey and his wife, Elizabeth, charge in their Orange County Superior Court action that Moriarty was supposed to repay the loan, plus interest at 2% over the prime rate, 32 days after the loan was made on July 21, 1983.
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