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Grand Jury Indicts 14 in Norfolk Savings Failure
A Norfolk Circuit Court grand jury indicted 14 people including State Banking Commissioner Thomas D. Jones in the Norfolk Savings & Loan Corp collapse. The firm closed Jan. 2, 1973 after solvency failure. losses topped $12 million with about 3,500 deposits uninsured. Indictments span conspiracy embezzlement and obtaining money under false pretenses against Jones and 13 others, tied to prior federal pleas and sentences.
MENTIONED IN THIS ARTICLE
Norfolk, Va
Norfolk
Thomas D. Jones
Norfolk Savings & Loan Corp
State Corporation Commission
Savings and Loan Association
Jones
SCC
Boyd D. Wilkins
Leon C. Hall
Norfolk Savings
Frank F. Warren
Hall
Warren
Steven Aurilio
Norfolk Wings
Verdelma Hamlet
Virginia Beach
C. Lydon Harrell Jr
Arthur Page Ware Jr
Melvin R. O'Neal
Chesapeake
Hall and Warren
M. Theodore Kissinger Jr
Junie L. Bradshaw
Bradshaw
Commission
Brashaw
Commonwealth
Joseph H. Campbell
Campbell
Asst
Walter M. Oden
Edwin R. MacKethan
State Police Special Investigative Division
U. S. Postal Service
U. S. District Court
Richmond
Ware
Kissinger
Harrell
Lexington
Maxwell Air Force Base
Ala
Kissager