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Resource ID: #7414
Subject: Savings And Loans
Source: National Mortgage News
Date: 1990-08-20



National Mortgage News reveals that the owner of First Network Savings fabricated profits to justify the payments of over $11 million in dividends to himself; used thrift's money to further personal political agenda; sent millions of dollars to charities he owned, which in turn sent money to Israel; supported pro-Israeli politicians, particularly Sen. Alan Cranston, Aug. 20, 1990.

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