Richard Russell Holtby

Two men have been arrested near Denver and charged with embezzling $1.2 million from a savings and loan in Irvine, according to interviews with law enforcement authorities and a federal complaint unsealed Thursday. Darrell Dean Knox, 46, of Fallbrook, and Richard Russell Holtby, 44, of Murrieta, are accused of embezzling the money from Sterling Builders Inc. (SBI), a subsidiary of Sterling Savings and Loan in Irvine, according to an Aug. 9 federal complaint by the FBI.

Two California men have been arrested near Denver on charges of embezzling $1.2 million from Sterling Savings & Loan here, according to law enforcement authorities and a federal complaint unsealed Thursday. Darrell Dean Knox, 46, of Fallbrook and Richard Russell Holtby, 44, of Murrieta are accused of embezzling the money from Sterling Builders Inc., a subsidiary of the Irvine-based thrift, according to a criminal complaint filed in U.S. District Court here.

Two California men have been arrested near Denver on charges of embezzling $1.2 million from Sterling Savings & Loan here, according to law enforcement authorities and a federal complaint unsealed Thursday. Darrell Dean Knox, 46, of Fallbrook and Richard Russell Holtby, 44, of Murrieta are accused of embezzling the money from Sterling Builders Inc., a subsidiary of the Irvine-based thrift, according to a criminal complaint filed in U.S. District Court here.

Two men have been arrested near Denver and charged with embezzling $1.2 million from a savings and loan in Irvine, according to interviews with law enforcement authorities and a federal complaint unsealed Thursday. Darrell Dean Knox, 46, of Fallbrook, and Richard Russell Holtby, 44, of Murrieta, are accused of embezzling the money from Sterling Builders Inc. (SBI), a subsidiary of Sterling Savings and Loan in Irvine, according to an Aug. 9 federal complaint by the FBI.

Three businessmen accused of stealing $1.2 million from Sterling Savings & Loan in Irvine have been acquitted by a federal judge here who has indicated that he will also set aside the guilty plea of the prosecution's star witness. U.S. District Judge J. Spencer Letts ruled on Thursday that the government had wrongly charged the men with bank fraud because the money was allegedly taken from a Sterling subsidiary, Sterling Builders Inc., and not the thrift itself. The U.S.

A federal grand jury in Los Angeles on Friday indicted four men on bank fraud and related charges for allegedly embezzling $1.2 million from Irvine-based Sterling Savings & Loan through a variety of schemes including the theft of 23 blank checks. Darrell Dean Knox, a former controller of a Sterling subsidiary, was indicted on 16 counts of bank fraud, conspiracy, money laundering and interstate transportation of stolen property. The U.S.