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Thrift Operators’ Suits Settled: Federal regulators have...

From Times Staff and Wire Reports

Thrift Operators’ Suits Settled: Federal regulators have settled all civil lawsuits, including claims of racketeering and fraud, against the former owners and operators of American Diversified Savings Bank of Costa Mesa and Consolidated Savings Bank of Irvine. The FBI, however, is continuing separate criminal investigations of the two thrifts, which failed in 1986. Details of the settlements were not disclosed.


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