Former S&L; President Pleads Guilty: Peter Bayard...
- Share via
Former S&L; President Pleads Guilty: Peter Bayard Cartmell, who headed the now-defunct Brookside Savings & Loan Assn., pleaded guilty to helping the former owners show a phony profit. Cartmell, 39, of Los Angeles is the fifth person to plead guilty in the related Brookside and Westwood S&L; fraud cases. Sentencing is scheduled July 1. Cartmell, president of Brookside Savings from 1984 until early 1986, admitted aiding and abetting former Brookside owners in a scheme to make it look as if the thrift had made a $3-million profit on a phony securities transaction.
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.