June 16, 1993 |
In a remarkably quiet investigation over the last three years, an independent federal prosecutor sifting through the ashes of a Ronald Reagan-era domestic scandal has obtained the convictions of nine people and one corporation and secured almost $2 million in criminal fines.
CALIFORNIA | LOCAL
July 20, 1989 |
Deborah Gore Dean and Thomas T. Demery, former officials who now occupy center stage in the scandals unfolding at the Department of Housing and Urban Development, were involved in a controversial ruling that allowed a Beverly Hills senior citizens' apartment to restrict most of its units to city residents, thus excluding many minorities. Dean, a once-powerful assistant to former Secretary of Housing and Urban Development Samuel R.
August 25, 1989 |
When Thomas T. Demery was new on the job at the Department of Housing and Urban Development in late 1986, he gave a speech introducing himself to his co-workers, outlining what he wanted to accomplish as the assistant secretary in charge of millions of dollars of housing loans. One of the things he rhapsodized about was the agency's coinsurance program, a concept he called "the wave of the future."
July 2, 1989 |
The crime is all the more insidious because it thrives in areas of severe economic distress--Texas, Oklahoma and Colorado these days. A straw buyer obtains home financing backed by the federal Housing and Urban Development Department and then signs the house over to a conspirator who would not have qualified for HUD financing himself. The conspirator, who might have as many as 50 such deals alive at one time, offers the home for rent but makes no mortgage payments.
July 9, 1989 |
On the night of April 22, 1988, about 50 people attended a $1,000-a-plate dinner at the Hyatt Regency Hotel in Denver to raise money for an obscure charity called Food for Africa. One of the speakers was Thomas T. Demery, whose position as federal housing commissioner at the Department of Housing and Urban Development gave him sway over millions of dollars in HUD grants and subsidies. Developers and their consultants knew full well that Food for Africa was Demery's favorite charity.
July 24, 1989
Rent subsidies of more than $16 million for Denver housing projects were approved two years ago after Joseph Coors, the Colorado brewer, wrote to HUD Secretary Samuel R. Pierce Jr., a newspaper reported. The New York Times cited government documents in stating that the Denver application appeared headed for rejection before the letter from Coors, a friend of former President Ronald Reagan. Thomas T.