Robert L. Citron dies at 87; central figure in O.C. bankruptcy

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The onetime headmistress of an elite girls’ school fatally shot Dr. Herman Tarnower, her lover and the creator of the famous “Scarsdale Diet.” The killing generated front-page headlines and national debates about whether she was a feminist martyr or vengeful murderer. She was 89. Full obituary
Notable deaths of 2012 (Ron Frehm / Associated Press)

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Often called “Stormin’ Norman” for his legendary temper, the former four-star general is best known as the commander of 1991’s Operation Desert Storm, which quickly drove an invading Iraq out of Kuwait. He reminded America what it was like to win a war and defined the nation’s renewed sense of military pride. He was 78. Full obituary

Notable deaths of 2012 (David Longstreath / Associated Press)

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The two-time Oscar nominee was dubbed the king of the character actors for his skill in playing everything from a Nazi colonel to the pope. His prolific work in films and television included supporting roles in the classic comedy “Tootsie” and the TV sitcom “Evening Shade.” He was 89. Full obituary
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Bork was the conservative legal champion whose bitter defeat for a Supreme Court seat in 1987 politicized the confirmation process and changed the court’s direction for decades. He was 85. Full obituary | Photos
Notable deaths of 2012 (John Duricka / Associated Press)

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The Hawaii Democrat was the second-longest-serving senator in U.S. history. He was awarded the Medal of Honor for his World War II combat heroics. He was 88. Full obituary
Notable deaths of 2012 (Lucy Pemoni / Associated Press)

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Shankar was already revered as a master of the sitar in 1966 when he met George Harrison, the Beatle who became his most famous disciple and gave the Indian musician-composer unexpected pop-culture cachet. He was 92. Full obituary | Photos
Notable deaths of 2012 (Don Bartletti / Los Angeles Times)

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Rivera defied the limits of genre and used her personal struggles in her songs, becoming a hero among Latin women in the U.S. and Mexico and a powerful player in a field dominated by machismo. She was 43. Full obituary | Photos
Notable deaths of 2012 (Victoria Will / Associated Press)

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Niemeyer, who loved curves in design and disliked right angles, shared architecture’s Pritzker Prize in 1988. He designed the major buildings that form the heart of Brazil’s capital, Brasilia. He was 104. Full obituary | Photos

Notable deaths of 2012 (Andre Luiz / Associated Press)

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The New Hampshire senator co-authored a groundbreaking budget-balancing law, championed ethics and led a commission that predicted the danger of terrorist attacks years before 9/11. He was 82. Full obituary
Notable deaths of 2012 (Ron Edmonds / Associated Press)

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Though already a television star for his role on 1960s sitcom “I Dream of Jeannie,” Hagman is best known for playing villainous patriarch J.R. Ewing in the TV soap “Dallas.” In 1980, an estimated 300 million viewers in 57 countries saw J.R. get shot. Hagman was 81. Full obituary
Notable deaths of 2012 (Tony Gutierrez / Associated Press)

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Former boxing champion Hector “Macho” Camacho fought a who’s who of legendary opponents stretching from Ray Mancini to Oscar De La Hoya. Known for flamboyance in the ring, he showed he understood the importance of selling a fight and employing some mental warfare. He was 50. Full obituary
Notable deaths of 2012 (Charles Rex Abrogast / Associated Press)

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The inventive American composer whose music celebrated the intricacies of modern life helped define the American sound in the 20th century. He received two Pulitzer Prizes, the Sibelius Medal and the National Medal of the Arts. He was 103. Full obituary
Notable deaths of 2012 (Jennifer S. Altman / For The Times)

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The etiquette maven served as social secretary to First Lady Jacqueline Kennedy and later wrote books and a syndicated column advising readers on good manners. Time magazine described her as “a superbly energetic amalgam of feminist and Tasteful Lady.” She was 86. Full obituary
Notable deaths of 2012 (Genaro Molina / Los Angeles Times)

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The Hall of Fame boxing trainer directed several world-champion fighters including Thomas Hearns, Lennox Lewis and current heavyweight champion Wladimir Klitschko. His Detroit gym is one of the world’s best known boxing centers. He was 68. Full obituary

Notable deaths of 2012 (Elizabeth Conley / Associated Press)

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Hailed as “one of the last thoroughgoing generalists,” the French American scholar helped found the field of cultural history and in his 90s wrote the epic if improbable bestseller “From Dawn to Decadence.” He was 104. Full obituary
Notable deaths of 2012 (Eric Gay / Associated Press)

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As one of the leaders of the famed 1973 occupation of Wounded Knee, S.D., he helped thrust the plight of Native Americans into the national spotlight. He later launched a career as an actor with roles in films including “The Last of the Mohicans” and “Natural Born Killers.” He was 72. Full obituary

Notable deaths of 2012 (Jim Mone / Associated Press)

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A three-term U.S. senator from South Dakota, McGovern won the Democratic presidential nomination in 1972. Though he lost in a landslide against Richard M. Nixon, his campaign left a significant legacy, including his proposals, since fulfilled, that women be appointed to the Supreme Court and nominated for the vice presidency. He was 90. Full obituary
Notable deaths of 2012 (Walt Zeboski / Associated Press)

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The former king of Cambodia was a crafty political survivor whose fortunes were entwined with U.S. military involvement in Indochina. Long a symbol of Cambodian nationalism and independence, he was one of Southeast Asia’s most colorful statesmen. He was 89. Full obituary

Notable deaths of 2012 (David Van Der Veen / AFP / Getty Images)

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The longtime senator represented Pennsylvania for 30 years but perhaps was best known for his work in the Supreme Court nomination process. He was 82. Full obituary

Notable deaths of 2012 (Matthew Cavanaugh / EPA)

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Known by his nickname Punch, the visionary publisher of the New York Times overcame a reputation as the idle prince of a newspaper dynasty to become the Times’ fourth publisher. His most important decision was to publish the Pentagon Papers. He was 86. Full obituary

Notable deaths of 2012 (Ray Howard / Associated Press)

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From humble beginnings as a ditch-digger in his native Chicago, Duncan rose to fame and earned an Academy Award nomination for his portrayal of a gentle death row inmate in the prison drama “The Green Mile.” He was 54. Full obituary

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The self-proclaimed Messiah from South Korea led the Unification Church, one of the most controversial religious movements to sweep America in the 1970s. Moon’s unorthodox movement was labeled a cult and featured mass marriage ceremonies. He was 92. Full obituary

Notable deaths of 2012 (John Marshall Mantel / Associated Press)

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Known for her electrified hairdo and outlandish wardrobe, the zany housewife-turned-comedian made her comedy club debut at the age of 37. Famed for her self-deprecating jokes, Diller enjoyed a long career in clubs, movies and TV. She was 95. Full obituary

Notable deaths of 2012 (Gary Friedman / Los Angeles Times)

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Best known for adrenaline-filled movies including “Top Gun” and “Man on Fire,” the British director-producer made films centered on alpha-male action heroes. Scott died Aug. 19 after leaping off the Vincent Thomas Bridge in San Pedro. He was 68. Full obituary

Notable deaths of 2012 (Gus Ruelas / Associated Press)

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Writer of the bestselling 1962 book “Sex and the Single Girl,” Brown broke ground by discussing the sex life of single women. The book led to led to a syndicated newspaper column, a movie of the same name and, in 1965, to Brown’s role as editor of Cosmopolitan. She was 90. Full obituary

Notable deaths of 2012 (Santi Visalli / Getty Images)

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One of the notorious murderers whose 1963 slaying of an LAPD officer near Bakersfield was chronicled in Joseph Wambaugh’s book “The Onion Field,” Powell spent the rest of his life in prison for the crime. The incident shattered the image of the invincible cop and changed police practices. He was 79. Full obituary

Notable deaths of 2012 (Ken Hively / Los Angeles Times)

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The prolific composer won three Academy Awards for “The Way We Were” and “The Sting,” a Tony and a Pulitzer for “A Chorus Line” and four Emmys. Charming audiences with his improvisational agility, he was principal pops conductor for several major symphonies, including the Pasadena Symphony and Pops and Pittsburgh Symphony Orchestra. He was 68. Full obituary

Notable deaths of 2012 (Carolyn Cole / Los Angeles Times)

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The iconoclastic author, savvy analyst and glorious gadfly of the national conscience was a literary juggernaut who wrote novels including “Lincoln” and the satirical “Myra Breckinridge.” His essays are considered among the most elegant in the English language. He was 86. Full obituary

Notable deaths of 2012 (Genaro Molina / Los Angeles Times)

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The onetime underground Jewish fighter served four terms as Israeli prime minister in the 1980s and early ‘90s. His unyielding belief in the right of Jews to all of the biblical land of Israel often exasperated U.S. policymakers. He was 96. Full obituary

Notable deaths of 2012 (Jim Hollander / EPA)

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A rare author and screenwriter whose works appealed to highbrow readers and mainstream movie-goers, Ephron wrote fiction that was distinguished by characters who seemed simultaneously normal and extraordinary. Her hit movies include “Sleepless in Seattle,” “When Harry Met Sally...” and “Julie & Julia.” She was 71. Full obituary

Notable deaths of 2012 (Charles Sykes / Associated Press)

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Known for his colorful portraits of athletes in motion, the wildly successful American artist became an artistic fixture at such major sporting events as the Olympics and the Super Bowl. Neiman was also a longtime contributor to Playboy magazine. He was 91. Full obituary

Notable deaths of 2012 (Bebeto Matthews / Associated Press)

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The tape of King’s 1991 beating and the upheaval that followed in 1992 opened the door to widespread police reform. King, who became an icon of the civil rights movement, was found dead at the bottom of his swimming pool in Rialto. Authorities are investigating his death as an accidental drowning. He was 47. Full obituary

Notable deaths of 2012 (Jay L. Clendenin / Los Angeles Times)

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Best known for her Oscar-nominated supporting role as a blowsy barfly in the 1972 movie “Fat City,” Tyrrell’s film credits also included “Islands in the Stream,” “Angel,” and “Cry-Baby.” Critics “hailed her as one of the best screen drunks they’d ever seen,” Roderick Mann later wrote in The Times. She was 67. Full obituary

Notable deaths of 2012 (George Wilhelm / Los Angeles Times)

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The Nobel Prize-winning chemist, left, helped solve a longstanding problem in the manufacture of medicines. He led development of a chemical catalyst to create safe compounds for producing L-Dopa, a drug for treating Parkinson’s disease. He was 95. Full obituary

Notable deaths of 2012 (Diether Endlicher / Associated Press)

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The former head of Saudi Arabia’s Interior Ministry was an authoritarian who cracked down on political dissent. After a series of attacks inside the kingdom, he became a close Washington ally against Al Qaeda. He died just months after he was named heir apparent in the world’s leading oil power. He was 78. Full obituary

Notable deaths of 2012 (Hassan Ammar / Associated Press)

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Dubbed “one of the true powerhouses of the pop music business” by Fortune magazine in 1986, the year she became BMI’s president and chief executive, Frances Williams Preston was a key figure in Nashville’s growth as a major music center, and nurtured the careers of numerous songwriters. She was 83. Full obituary

Notable deaths of 2012 (Ed Rode / Associated Press)

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The onetime member of the Lucchese crime family turned government informant became the subject of the film classic “Goodfellas.” His crimes included participating in the largest single cash robbery in U.S. history and helping fix Boston College basketball games. He was 69. Full obituary

Notable deaths of 2012 (Nati Harnik / Associated Press)

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The South African paleoanthropologist, nominated three times for a Nobel Prize, excavated the Sterkfontein Caves, one of his nation’s most important fossil sites. He was also part of the research on hominids in the Olduvai Gorge in Tanzania, collaborating with a British archaeologist on the identification of one the early hominids, Homo habilis, in 1964. Tobias was 86. Full obituary

Notable deaths of 2012 (Alexander Joe / AFP / Getty Images)

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The Fleetwood Mac guitarist and singer was with the band in the early 1970s when it was making the transition from British blues rock band to commercial powerhouse. His work on early albums such as “Future Games,” “Bare Trees” and “Heroes Are Hard to Find” with band mates who included Mick Fleetwood and John and Christie McVie set the tone for what was to come. He was 66. Full obituary

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With more than 27 novels and 600 short stories, the sci-fi writer’s vividly rendered space-scapes provided the world with one of the most enduring speculative blueprints for the future. In “The Martian Chronicles” and other works, the L.A.-based Bradbury mixed small-town familiarity with otherworldly settings. He was 91. Full obituary

Notable deaths of 2012 (Gary Friedman / Los Angeles Times)

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The World Savings Bank executive was one of the first women on Wall Street. She and husband Herbert spent 43 years building Oakland’s World Savings Bank into a major -- and ultimately controversial -- adjustable mortgage lender. She was 81. Full obituary

Notable deaths of 2012 (Jakub Mosur / For The Times)

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The in-your-face rapper and bass player Adam Yauch, center, found fame in the transgressive, boundary-breaking trio the Beastie Boys. In later years, Yauch became a leading advocate for Tibetan independence. He was 47. Full obituary

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The star linebacker at USC and for his hometown San Diego Chargers made the Pro Bowl 12 years in a row and was voted All-Pro 10 times. He apparently ended his life with a self-inflicted gunshot wound. He was 43. Full obituary

Notable deaths of 2011 (Al Messerschmidt / Getty Images)

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Born Thomas Austin Preston Jr., the colorful and quotable Amarillo Slim won the World Series of Poker in 1972 and began promoting the game on TV and in books. He brought the game “out of the back alleys,” one expert said. He was 83. Full obituary

Notable deaths of 2011 (Jae C. Hong / Associated Press)

By E. Scott Reckard, Los Angeles Times

Jan. 17, 2013 12 AM PT

Robert L. Citron, the Orange County treasurer whose bad bets on exotic Wall Street investments resulted in what at the time was the largest municipal bankruptcy in U.S. history, died Wednesday. He was 87.

Citron died at St. Joseph Hospital in Orange of complications from a heart attack, said his wife, Terry Citron.

Until the 1994 financial collapse, Citron was a low-key bureaucrat who won praise from Orange County supervisors for earning much higher yields from the county’s complex array of investments than many other government agencies. His investment pools attracted funds from governments around the country as well as from schools, cities and public agencies.

The county declared bankruptcy Dec. 6, 1994, buffeted by losses that, when the final count was tallied, amounted to $1.64 billion. The county was forced to postpone repayments on bonds it had sold, ruining its credit rating, but eventually repaid its creditors in full. The bankruptcy sent shock waves through Wall Street and the municipal bond markets. It also made national headlines, with some asking how such a prosperous county could become insolvent.

A grand jury investigation would later find that the treasurer who over the years won so much praise for his investment skills relied upon a mail order astrologer and a psychic for interest rate predictions as the county’s treasury began to falter.

Citron pleaded guilty to six felony counts, including filing false statements to participants in the Orange County Treasury Investment Pool. His lawyer, David Wiechert, submitted medical testimony indicating that Citron was in the early stages of dementia.

Citron was sentenced to work in the county jail, sorting inmates’ requests for personal items by day before returning to his home in Santa Ana. He never spent a night behind bars but worked for months in the jail’s commissary. He remained on probation until 2002.

In a 1997 interview with The Times, Citron insisted that he was duped into making rashly imprudent investments by Merrill Lynch. He became a key witness in Orange County’s $2-billion lawsuit against the investment giant. The suit said that Citron was a “pigeon” for greedy brokers at the investment house.

Merrill Lynch maintained that the bankruptcy was Citron’s fault. It later settled the case with the county, paying $400 million.

A third-generation Californian, Citron was born in Los Angeles on April 14, 1925, according to public records, and grew up in Burbank. Because he had asthma as a child, his family moved out to the town of Hemet in the foothills of the San Jacinto Mountains. His father, Jesse, was a doctor who earned a measure of fame for being liquor-loving W.C. Fields’ doctor and weaning him off Scotch.

Citron rose through the ranks of the county’s treasury department to become county treasurer-tax collector, a post he held for 24 years. He was one of the few Democrats to hold countywide elected office in a region dominated by Republicans. He lived in Santa Ana, just a few miles from work, and was famous for his long hours. In a 1994 interview, his wife told The Times that the weekends were hardest for her husband because he could not go to work.

“He can barely stand the weekend at home,” she said. “He can’t wait to get back. I think he’d go crazy without that job.”

The bankruptcy tarnished Citron’s name as well as the county’s. County government slashed hundreds of jobs and cut budgets. Orange County’s repayment plan siphoned money from four county departments every year, affecting projects big and small.

Citron’s assistant, Matthew Raabe, was convicted of fraud and misappropriation and served 41 days in jail before the verdict was overturned. Taxpayers spent $1 million on his defense. The county’s financial director, Ronald S. Rubino, was tried on fraud and misappropriation charges, but a jury deadlocked in favor of acquittal. He pleaded no contest to one record-keeping violation under a deal that allowed his record to be erased after a year. County Supervisors Roger R. Stanton and William G. Steiner were indicted by a grand jury on grounds of failing to safeguard public funds. The indictment was later dismissed by an appeals court ruling that said failing to do their jobs wasn’t a crime.

Citron is survived by his wife of 57 years.

scott.reckard@latimes.com

Times staff writers Shelby Grad and Robert J. Lopez contributed to this report.