Ex-Thrift Head Gets 3 1/2 Years
- Share via
Associated Press
CINCINNATI — Marvin Warner, the former owner of Home State Savings Bank, was sentenced today to 3 1/2 years in prison and ordered to pay $22 million in restitution for his role in the collapse of the thrift that triggered Ohio’s savings and loan crisis in 1985.
Warner, a millionaire and former ambassador to Switzerland in the Carter Administration, was ordered by Hamilton County Common Pleas Judge Richard Niehaus to be jailed immediately unless he could post a $22-million bond in cash and securities.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
