P.M. BRIEFING : Vernon S&L; Chief Surrenders
The former owner of the collapsed Vernon Savings & Loan surrendered today to face charges that he spent thousands of dollars in thrift money on pleasure trips, prostitutes and illegal contributions to politicians.
Donald R. Dixon, 50, was charged Wednesday with conspiracy, misapplication of funds, making false statements and other offenses.
Dixon appeared before U.S. Magistrate John B. Tolle this morning and was freed on a personal recognizance bond.
He did not enter a plea at his court appearance, but told reporters afterward that he intends to plead innocent.
“Perhaps when my day in court comes, if they’ll listen, they’ll find out what really happened and the blame can be properly assessed and properly assigned,” Dixon said.
If convicted on all charges, Dixon faces 190 years in prison and a $9.5-million fine.
Dixon indicted, D1.
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