A Detailed Overview Of Finding Vital Factors In Commercial Financing

Ferrante has a history of run-ins with federal authorities, dating to the 1980s when he briefly owned a savings and loan in Irvine. He founded Consolidated Savings Bank in 1984 during a period of rapid growth in the thrift industry, which imploded a few years later when hundreds of the institutionsfailed nationwide. Regulators declared Consolidated insolvent and seized it in 1986, then sued Ferrante, accusing him of fraud. He settled, buta federal grand jury later charged him and a handful of associates with criminal fraud, alleging Ferrante and others had improperly funneled large loans

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