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August 6, 1992 | From Bloomberg News Service
Four former General Development Corp. executives were convicted Wednesday of conspiring to bilk 10,000 Florida home buyers through deceptive sales practices. A federal jury handed up convictions of David Brown, former chairman; Robert Ehrling, former president; Richard Reizen, former senior vice president, and Tore DeBella, former senior vice president. Brown and Reizen were each convicted of one count of conspiracy to commit fraud. They face a maximum prison sentence of five years apiece.
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BUSINESS
August 6, 1992 | From Bloomberg News Service
Four former General Development Corp. executives were convicted Wednesday of conspiring to bilk 10,000 Florida home buyers through deceptive sales practices. A federal jury handed up convictions of David Brown, former chairman; Robert Ehrling, former president; Richard Reizen, former senior vice president, and Tore DeBella, former senior vice president. Brown and Reizen were each convicted of one count of conspiracy to commit fraud. They face a maximum prison sentence of five years apiece.
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May 17, 1991 | GREGORY CROUCH, TIMES STAFF WRITER
The state Department of Real Estate has filed an action to suspend or revoke the license of the nation's largest time-share company--Glen Ivy Properties--and accused the Corona firm of numerous infractions ranging from shoddy record-keeping on customer accounts to making real estate sales without proper permits and disclosure reports, it was learned Thursday.
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