Government Dismisses Oldenburg Case: Federal prosecutors in...

Government Dismisses Oldenburg Case: Federal prosecutors in San Francisco dropped their effort to convict J. William Oldenburg, who owned the Los Angeles Express football team in the now-defunct United States Football League, of conspiring to defraud a Utah savings and loan of $26 million. The dismissal comes after a jury deadlocked last month in a second trial in the case. Oldenburg had been accused of defrauding State Savings & Loan in Salt Lake City by inflating the price of real estate one of his firms sold the thrift in 1984. He was convicted of one count of deceiving federal regulators in 1989, but a judge overturned the conviction.