Disclosures on Newport Businessman: A federal prosecutor...

Disclosures on Newport Businessman: A federal prosecutor said Newport Beach businessman Michael E. Parker, who pleaded not guilty to charges of bilking $11 million from Columbia Savings & Loan, is under investigation on suspicion of bank fraud in Oklahoma and Nevada, has allegedly threatened former employees and may have spirited away assets abroad. The disclosures came in a bail hearing in federal court after Parker was arraigned on 46 counts of racketeering, money laundering, paying and receiving kickbacks, and bank and tax fraud.