BANKING & FINANCE - Feb. 28, 1992
From Times Staff and Wire Reports
S&L; Owner Faces New Indictments: Former thrift owner Don Dixon is facing new indictments stemming from the collapse of his Vernon Savings Assn. An eight-count indictment accuses Dixon of conspiracy, bank fraud, misapplication of funds and false bookkeeping entries for the purchase of two corporate jets. Also indicted was Dallas developer Tommy F. Stone. Stone’s lawyer, Bill Hill, declined comment. Dixon is serving five years in prison for a prior bank fraud conviction. If convicted of the new charges, he would face up to 40 more years in prison and a $2-million fine.
