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Ramona Federal Savings Loans Association

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July 21, 1989 | GREGORY CROUCH, Times Staff Writer
During opening arguments Thursday, a federal prosecutor told jurors that two Orange County men bilked a savings and loan of millions of dollars through a fraudulent land scheme, while a defense attorney argued they were guilty only of following the bad investment advice of regulators. Donald P. Mangano Sr., 52, and John L. Molinaro, 48, each face more than 30 charges in U.S.
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BUSINESS
July 21, 1989 | GREGORY CROUCH, Times Staff Writer
During opening arguments Thursday, a federal prosecutor told jurors that two Orange County men bilked a savings and loan of millions of dollars through a fraudulent land scheme, while a defense attorney argued they were guilty only of following the bad investment advice of regulators. Donald P. Mangano Sr., 52, and John L. Molinaro, 48, each face more than 30 charges in U.S.
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