Local News in Brief : Banker Extradited to U.S.
A former San Fernando Valley investment banker accused of bilking elderly investors out of about $3 million was extradited Friday from West Germany.
U.S. marshals were escorting O. Monroe Marlowe, 74, to Los Angeles, where he was expected to be arraigned Monday before a federal magistrate. Marlowe, who had been in a West German prison since he was arrested July 1 in Frankfurt, is charged with inducing elderly people to invest their life savings in a first trust deed loan program and keeping the bulk of the funds for his own use.
An indictment said Marlowe had been doing business as California Financial Management Services, Private Ledger Financial Services and Monroe Marlowe investments in Van Nuys.
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