Brookside S&L; Figure Gets 16-Year Term: The...
Brookside S&L; Figure Gets 16-Year Term: The former vice chairman of Brookside Savings & Loan Assn., who pleaded guilty to a real estate scam that contributed to the bank’s demise, was sentenced Monday to 16 years in prison. Arthur Pastel, 64, of Los Angeles had asked the judge to sentence him to one year of community service work, but U.S. District Judge Richard Gadbois declined, characterizing Pastel’s actions as “thievery.” Gadbois also ordered Pastel to pay $1.25 million in restitution to the Federal Deposit Insurance Corp.
For the record:
12:00 a.m. April 10, 1991 For the Record
Los Angeles Times Wednesday April 10, 1991 Home Edition Business Part D Page 2 Column 6 Financial Desk 2 inches; 43 words Type of Material: Correction
Sentencing-- Arthur Pastel, the former vice chairman of Brookside Savings & Loan Assn., was sentenced Monday to 16 months in prison after pleading guilty to fraud. Because of an erroneous report from United Press International, an item in Tuesday’s editions incorrectly stated the length of that sentence.
