February 15, 1991 |
A federal grand jury in Los Angeles on Thursday issued a 31-count indictment against Robert A. Ferrante, the former owner of Consolidated Savings Bank, and eight others stemming from the 1986 collapse of the Irvine-based thrift. Ferrante, 41, of Newport Beach was charged with wire and mail fraud stemming from two transactions in which he allegedly made insider loans to family and friends and to companies and development projects in which he had an interest.
June 10, 1992 |
Former thrift owner Robert A. Ferrante and five others, indicted after a five-year, top-priority FBI investigation, will go on trial today in federal court on conspiracy and fraud charges stemming from the operation of now-defunct Consolidated Savings Bank in Irvine. The six have decided to forgo a jury trial and, instead, will be tried before U.S. District Court Judge Mariana R. Pfaelzer in Los Angeles on a 17-count indictment accusing them of criminal wrongdoing in two deals involving $13.
February 15, 1991 |
One of the FBI's priority S&L investigations came to a head Thursday when a federal grand jury here indicted the former owner of Consolidated Savings Bank in Irvine and eight associates for allegedly defrauding the now-defunct thrift of $13.5 million. The indictment is the result of a five-year investigation that targeted Robert A. Ferrante, a Newport Beach developer who has done business with convicted criminals and associates of alleged mobsters, and who once survived an assassination attempt.
September 15, 1992 |
Robert A. Ferrante, the target of a five-year, top-priority FBI investigation, was acquitted Monday of all criminal charges stemming from the operation of now-defunct Consolidated Savings Bank in Irvine. Three co-defendants were also acquitted, but two others, Ottavio A. Angotti and Raymond L. Arthun, were convicted on conspiracy and fraud counts relating to $4 million in loans that Consolidated made to Pyrotronics Corp.
June 12, 1992 |
Robert A. Ferrante was "the boss of Pyrotronics" at the same time that he owned a tiny savings and loan that was making $5 million in loans to the Anaheim fireworks company, a former chief executive of Pyrotronics Inc. testified on Thursday. Donald P. Crivellone said that Ferrante installed him as the top operating officer at Pyrotronics in March, 1985, and made other crucial management decisions even though documents show that Ferrante neither owned nor had any other control of the company.