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Ohio Savings and Loan Crisis / Warner #543443

NBC Evening News for Tuesday, Apr 09, 1985
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(Studio) Ohio savings and loan crisis resulting from failure of Marvin Warner's Home State Savings Bank, after collapse of Florida company ESM Group, Incorporated, recalled.
REPORTER: Tom Brokaw

(Miami, Florida) Securities and Exchange Commission investigation of Warner's possible violation of insider information regulations examined; his political connections in federal and state govts., incl. former ambassadorship to Switzerland, reviewed. [WARNER - claims he is victim, rather than insider.] His allegations against ESM chairperson Ronnie Ewton noted; investigators' claims that Warner was insider at ESM and involved in defrauding investors outlined. [April 2, 1985, bankruptcy trustee Thomas TEW - accuses ESM execs. of robbing company] ESM's alleged scam outlined on screen, explained; companies and insts. suffering major losses due to Home State's collapse listed on screen.
REPORTER: Jamie Gangel

Brokaw, Tom;
Gangel, Jamie

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