Former S&L; Official Pleads Guilty: The former...
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From Times Staff and Wire Reports
Former S&L; Official Pleads Guilty: The former controller of a Sterling Savings & Loan subsidiary in Irvine pleaded guilty in federal court in Los Angeles to charges of embezzling about $1.2 million from the institution. In the plea agreement, Darrell Dean Knox, 46, of Fallbrook, Calif., admitted that he engaged in conspiracy and bank fraud by concocting a scheme to cash more than 200 checks from Sterling Builders Inc., the thrift’s real estate division.
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