BANKING
Crowder Pleads Guilty: William E. Crowder, 42, pleaded guilty to criminal charges stemming from the 1986 failure of Irvine-based Consolidated Savings Bank. The Covina real estate developer pleaded guilty to one count each of aiding and abetting loan fraud and misapplication of savings and loan funds. He faces up to 10 years in federal prison and fines of $500,000. He is the fifth person to plead guilty in a federal investigation of the Consolidated collapse, which is expected to cost taxpayers more than $30 million.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
