Eight Indicted as Sharpstown probe expands in Houston
A Houston grand jury indicted eight men in the Sharpstown banking scandal, bringing to 13 the number facing charges as the multi front investigation widens. The indictments name former bank examiners John T. Knight and Ted R. Bristol, real estate man Charles L. Henke, and former Sharpstown officers plus associates tied to Sharp’s empire. The case involves illegal loans, false bank entries, and stock dealings with officials, with further actions anticipated as the probe continues.
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Houston
Sharp-Sec
Texas
Frank W. Sharp
Houston Grand Jury
Sharp
Nany
Nice
Empire
Gus Mat
Welton Adler
Laredo
John B. Hooper
John T. Knight
Ted R. Bristol
Richardson
Federal
Charles L. Henke
Douglas N. Lane
Carl Lamquist
Herman Nelms
Sharpstown State Bank
Sharp's
Indictment Reaches To Laredo Involving Bank Examiner
LAREDO AP Wel on Adler a former state bank examiner indicted by a Houston federal grand jury was employed by The Bank of Commerce less than a month after leaving the state's employ Rep Honore Ligarde hard chairman of the bank said Adler was suspended from the bank after an announcement of the indictment Adler had applied for the vice president post on November 1 1970 shortly after resigning as a bank examiner Till Aldridge review examiner for the state bank board said Adler quit when it was disclosed he had borrowed money indirectly from the Sharpstown State Bank of Houston Ligarde said he understood the money came from a corporation not realizing it actually came from the Sharpstown bank He made a full disclosure to us when he applied We screened him and decided that perhaps Otis was one of those unfortunate situations Adler is accused in the indictment of accepting illegal loans Ligarde said the situation was really tragic but the bank had no choice but to suspend him He has been long a good job Ligarde said NO FATAL ACCIDENTS The Nebraska Game Commission reported the state has completed 22 years of game hunting without a fatal accident.
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Adler
Sharpstown State Bak
Houston
Ligarde Sait
Ligarde
Sharpstown Bank
Otis
Tigard
Lgarde
Ligarda
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Dallas
Bristol
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Wilson
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Qak “Orest Investment Co
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Lance
Hooper
Arej
Nelms
Jbank
Knight and Adler
Oak Forest Investment
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Knight
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Ciaries
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Mage Real Eslite
Sharpstown
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Tarik
U. S. Adv
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Farris
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Bank of Houston Be
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