BANKING
From Times Staff and Wire Reports
CenTrust Chairman Sentenced to 11 Years: David Paul was also ordered to pay $60 million in restitution and a $5-million fine for his part in the $1.7-billion collapse of the largest savings and loan in the Southeast. Paul, 55, was earlier convicted of 97 counts of racketeering and fraud in connection with the 1990 failure of Miami-based CenTrust Bank, whose failure was the fourth-biggest in U.S. history. Paul must report to prison in 30 days.
