Maryland's Old Court S&L;'s owner was indicted.

Jeffrey A. Levitt was indicted on 12 felony theft charges involving $13.6 million in funds from Old Court and from First Progressive Savings & Loan. It was the the first indictment resulting from a joint state and federal investigation into the causes of the state's thrift institution crisis last spring.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World