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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.
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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.
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BUSINESS
July 3, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
Federal prosecutors, lacking evidence after three weeks of trial, dropped 11 of 14 criminal counts Thursday against Robert A. Ferrante as the government rested its case against the former owner of Consolidated Savings Bank and five others. On their own motion, prosecutors dropped all charges against Ferrante relating to a series of loans that the now-defunct Irvine thrift made to Pyrotronics Inc. in Anaheim, once the state's biggest maker of so-called safe and sane fireworks.
BUSINESS
July 3, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
Federal prosecutors, lacking evidence after three weeks of trial, dropped 11 of 14 criminal counts Thursday against Robert A. Ferrante as the government rested its case against the former owner of Consolidated Savings Bank and five others. On their own motion, prosecutors dropped all charges against Ferrante relating to a series of loans that the now-defunct Irvine thrift made to Pyrotronics Inc. in Anaheim, once the state's biggest maker of so-called safe and sane fireworks.
BUSINESS
February 15, 1991 | GREGORY CROUCH, TIMES STAFF WRITER
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.
BUSINESS
June 10, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
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.
NEWS
February 15, 1991 | GREGORY CROUCH, TIMES STAFF WRITER
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.
BUSINESS
September 15, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
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.
BUSINESS
June 12, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
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.
NEWS
November 25, 1989 | DAN MORAIN and JILL STEWART, TIMES STAFF WRITERS
Brentwood multimillionaire A. Bruce Rozet was having a hard time understanding why so many officials in the U.S. Department of Housing and Urban Development were saying such nasty things about him. For nearly 20 years, Rozet's firm has done large amounts of business with HUD. But now, the agency was attacking the company, threatening to foreclose on two large substandard housing projects in California and banning the firm from doing new business with HUD for one year in Oklahoma and Washington.
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