A federal bankruptcy judge said former financier...
- Share via
A federal bankruptcy judge said former financier Marvin L. Warner can’t escape the $22-million restitution he was ordered to make by an Ohio court. Warner, 69, a former U.S. ambassador to Switzerland, owned Cincinnati-based Home State Savings Bank, which collapsed in 1985 after losing $144 million in investments. Warner was sentenced in 1987 and ordered to make the restitution after he was convicted of unauthorized acts and securities fraud. He later filed for Chapter 11 protection and claimed that it protected him from the restitution order.
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.