Continental Savings organization
also: Continental
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Related entities (most co-mentioned)
Carol Kellyperson · 14Herman Beebeperson · 13Allied Bankorganization · 11Vernon Savingsorganization · 6Mike Adkinsonperson · 5Walter Mischerperson · 5Western Savingsorganization · 4Meyerland Shopping Centerplace · 3San Jacinto Savingsorganization · 3Mainland Savingsorganization · 3John Riddleperson · 3Southmarkorganization · 3Houstonplace · 3Raymond Hillperson · 2Tom Andersonperson · 2Harvey McLeanperson · 2Dale Andersonperson · 2Lloyd Bentsenperson · 2Harry Blake Terryperson · 2Robert Corsonperson · 2Lamar Savingsorganization · 2San Joaquin Savingsorganization · 2West Belt National Bankorganization · 1Carlos Marcelloperson · 1
Claims (16)
John Riddle financed_via
Continental Savings documented
“Riddle and Dover borrowed $40 million from Continental Savings when they purchased the land in 84. In addition, DRG, the Washington, D.C. company under investigation for HUD fraud, lent another $15 million on the property. In July of 85, th…”
▶ The Colonel's Corner Mafia, CIA, & George Bush Part 17 @ 39:16
Carol Kelly founded
Continental Savings book_quoted
“who got indicted during the FBI's Brylab sting operation. Kelly also, along with his minority partner BG Wiley's son David, renamed the savings and loan Continental Savings and then got a loan on its stock at Walter Bichner's Allied Bank, w…”
▶ The Colonel’s Corner-Mafia, CIA & George Bush Part 11 @ 14:49
Continental Savings financed_via
Allied Bank book_quoted
“who got indicted during the FBI's Brylab sting operation. Kelly also, along with his minority partner BG Wiley's son David, renamed the savings and loan Continental Savings and then got a loan on its stock at Walter Bichner's Allied Bank, w…”
▶ The Colonel’s Corner-Mafia, CIA & George Bush Part 11 @ 14:49
Continental Savings financed_via
Herman Beebe book_quoted
“who got indicted during the FBI's Brylab sting operation. Kelly also, along with his minority partner BG Wiley's son David, renamed the savings and loan Continental Savings and then got a loan on its stock at Walter Bichner's Allied Bank, w…”
▶ The Colonel’s Corner-Mafia, CIA & George Bush Part 11 @ 14:49
Harry Blake Terry financed_via
Continental Savings book_quoted
“The big borrower at Continental Savings was one of Kelly's Kappa Sigma brothers, Harry Blake Terry, who was used by Kelly and Bebe as a front man to buy Continental. Terry borrowed $19 million from Continental to purchase several hundred ac…”
▶ The Colonel’s Corner-Mafia, CIA & George Bush Part 11 @ 16:10
John Riddle financed_via
Continental Savings book_quoted
“dirty Texas savings and loans deals. By the mid 80s, the law firm had essentially split up and Riddle was into real estate development in a big way. He was doing projects, mostly the strip mall centers and apartment complexes in Florida, Te…”
▶ The Colonel’s Corner-Mafia, CIA & George Bush Part 11 @ 26:27
Carol Kelly worked_for
Continental Savings documented
“Bebe told him that Beausier didn't have the cash on hand to make the loan. But that wasn't a problem. Not for a mobster. Beausier got the cash by selling participation in a few loans on the books to Carol Kelly at Continental Savings. And w…”
▶ The Colonel’s Corner-Mafia, CIA, and George Bush Part 16 @ 14:01
Continental Savings bought_from
Savings and Loan Association documented
“Bebe told him that Beausier didn't have the cash on hand to make the loan. But that wasn't a problem. Not for a mobster. Beausier got the cash by selling participation in a few loans on the books to Carol Kelly at Continental Savings. And w…”
▶ The Colonel’s Corner-Mafia, CIA, and George Bush Part 16 @ 14:01
Carlos Marcello secretly_owned
Continental Savings documented
“had a part in all of this financing. He went on to say that he had met Bebe at Whitehall Hotel with Kelly. They had brunch together, and Kelly was acting like a lapdog to the mob boss. Tomlin said later that Marsalo controlled Continental t…”
▶ The Colonel’s Corner The Mafia, CIA&George Bush Part 3 @ 56:06
Continental Savings paid
Sanson Financial Consultants Limited documented
“The $25 million face amount of the mortgage less a $5 million first mortgage. Approximately $10 million of this went to Sanson as partial payment on its bogus $30 million note. The other $10,000 was paid back to Continental to buy bad loans…”
▶ The Colonel’s Corner Mafia CIA and George Bush Part 22 @ 16:17
Continental Savings purchased
Vision Banc Savings documented
“the $5 million allied note from West Belt National Bank. This was one of the very first transactions Corson did after he got control of the savings and loan. In fact, he hadn't even changed his name. Continental Savings later bought this no…”
▶ The Colonel’s Corner Mafia CIA and George Bush Part 22 @ 18:51
Tom Anderson represented
Continental Savings documented
“from Delta Savings, a fraud bank savings and loan in Alvin, Texas, which is close to Houston. This means that between $30 million and $40 million went to the Isle of Jersey companies in the Meyerland transaction. The private attorney hired …”
▶ The Colonel’s Corner Mafia CIA and George Bush Part 22 @ 19:51
Continental Savings won_judgment_against
Gail Schroeder documented
“Had knowledge of the deal, Powers and Schroeder's cleared $10 million in the transaction as upfront money. Schroeder is a Baytown, Texas banker who borrowed heavily from Continental Savings. Continental's federal receiver won a $1.5 million…”
▶ The Colonel’s Corner Mafia CIA and George Bush Part 22 @ 31:25
Marvin Nathan member_of
Continental Savings book_quoted
“And that is a fact. Another interesting relationship in the Florida land deal involves the attorneys for Corson's Savings and Loan, the Houston law firm of Laction and Nathan. This law firm also represented Continental Savings and one of it…”
▶ The Colonel’s Corner Mafia CIA and George Bush Part 22 @ 1:04:42
Ellison Starnes Jr. financed_via
Continental Savings documented
“personal bankruptcy was $15.6 million to Continental Savings, the same one owned by Carol Kelly, but controlled by mobster Herman Beebe. And that bank was financed by Allied Bank as well. And then that loan was transferred to San Joaquino S…”
▶ The Colonel’s Corner Mafia, CIA & George Bush Part 18 @ 24:20
Laction and Nathan front_for
Continental Savings book_quoted
“And that is a fact. Another interesting relationship in the Florida land deal involves the attorneys for Corson's Savings and Loan, the Houston law firm of Laction and Nathan. This law firm also represented Continental Savings and one of it…”
▶ The Colonel’s Corner Mafia CIA and George Bush Part 22 @ 1:04:42
Mentions (35)
▶ 14:01
Bebe told him that Beausier didn't have the cash on hand to make the loan. But that wasn't a problem. Not for a mobster. Beausier got the cash by selling participation in a few loans on the books to Carol Kelly at Continental Savings. And w…
▶ 1:01:41
However, Michener, when asked about it, said, guess. I don't know him. Not only did Atkinson use Michener as a reference, Michener's allied bank lent Atkinson $5 million to secure part of the shopping center, while Southmark San Joaquino Sa…
▶ 14:17
and would have had a superior note to the mortgage that was filed later. Cox stated in his Atkinson bankruptcy deposition that he had made a mistake in not filing the mortgage sooner. However, attorneys at Continental Savings said during th…
▶ 15:16
Which, of course, had it been real, there would have been no reason to do that. That indicated to them that the money the two institutions lent to DGI was actually sent to Sanson. Next, in January 86, Carol Kelly's Continental Savings made …
▶ 15:47
This loan was a wraparound loan, a second mortgage, and included the $5 million Allied Bank's first mortgage. No one seems to know what happened to San Joaquino's savings mortgage. No release was ever filed, yet the Continental mortgage mad…
▶ 16:17
The $25 million face amount of the mortgage less a $5 million first mortgage. Approximately $10 million of this went to Sanson as partial payment on its bogus $30 million note. The other $10,000 was paid back to Continental to buy bad loans…
▶ 16:46
in the forms of these loans so that they don't get caught, which they all did. In this case, $1 million went to pay the interest on the continental loan that they hadn't been paying to Harry Terry, Earl Kelly's Kappa Sigma brother, who was …
▶ 18:51
the $5 million allied note from West Belt National Bank. This was one of the very first transactions Corson did after he got control of the savings and loan. In fact, he hadn't even changed his name. Continental Savings later bought this no…
▶ 19:51
from Delta Savings, a fraud bank savings and loan in Alvin, Texas, which is close to Houston. This means that between $30 million and $40 million went to the Isle of Jersey companies in the Meyerland transaction. The private attorney hired …
▶ 20:23
Anderson, of course, vowed publicly to pursue Atkinson and his money to the ends of the earth. However, the only way up money Anderson recovered was his fee being paid by Continental because he's not going to find any money if his best budd…
▶ 22:19
the SNLs, and thus ultimately the taxpayers. It was just being stolen and taken offshore, which we call laundering. No one involved in the Meyerland deal had been indicted. Lamar and Continental Savings, and ultimately their federal receive…
▶ 31:25
Had knowledge of the deal, Powers and Schroeder's cleared $10 million in the transaction as upfront money. Schroeder is a Baytown, Texas banker who borrowed heavily from Continental Savings. Continental's federal receiver won a $1.5 million…
▶ 41:05
to Denver developer and Herman Beebe associate Richard Rossmiller and his partner, including Robert Anderson. Hill Financial was reportedly brought into the deal by W.A. Andy Erskine, a loan broker who had worked at Delta Savings, one of Me…
▶ 1:04:42
And that is a fact. Another interesting relationship in the Florida land deal involves the attorneys for Corson's Savings and Loan, the Houston law firm of Laction and Nathan. This law firm also represented Continental Savings and one of it…
▶ 14:49
who got indicted during the FBI's Brylab sting operation. Kelly also, along with his minority partner BG Wiley's son David, renamed the savings and loan Continental Savings and then got a loan on its stock at Walter Bichner's Allied Bank, w…
▶ 15:18
This raises the question of whether Bebe's money ended up in the pockets of Brazzo Sports' original owner, Lloyd Benson, the senator. Apparently it did. During the 1988 presidential campaign, Benson told the Houston Post that he didn't know…
▶ 15:44
After Continental Savings started going downhill, the Allied Bank loan was transferred to San Joaquino Savings in Houston, owned by Southmark, the real estate company in Dallas. When Continental failed in 1988, San Joaquino got stuck with a…
▶ 16:10
The big borrower at Continental Savings was one of Kelly's Kappa Sigma brothers, Harry Blake Terry, who was used by Kelly and Bebe as a front man to buy Continental. Terry borrowed $19 million from Continental to purchase several hundred ac…
▶ 26:27
dirty Texas savings and loans deals. By the mid 80s, the law firm had essentially split up and Riddle was into real estate development in a big way. He was doing projects, mostly the strip mall centers and apartment complexes in Florida, Te…
▶ 34:52
The list of savings and loans represented at the meeting is a who's who of the biggest failed savings and loans in Texas. Vernon Savings, Mainland Savings, Lamar Savings, Paris Savings, First South Savings, Western Savings, Continental Savi…
▶ 21:04
All told, McLean and his companies borrowed over $34 million from Vernon Savings. One of his companies, Iona Development, borrowed $17 million from Beebe Controlled Continental Savings, which was owned by Beebe's frontman, Carol Kelly. In a…
▶ 22:02
them on default loans on Texas real estate developments. The bankruptcy also showed he owed Continental Savings $11.7 million in unpaid loans. All in all, it appears that the taxpayers had to absorb more than $40 million in bad loans taken …
▶ 39:16
Riddle and Dover borrowed $40 million from Continental Savings when they purchased the land in 84. In addition, DRG, the Washington, D.C. company under investigation for HUD fraud, lent another $15 million on the property. In July of 85, th…
▶ 39:46
To Ballas, in December of that year, Western Savings purchased the promissory note to Vernon and Continental and Sandia Savings lent another $15 million. In addition, People's Heritage Savings and Loan in Kansas had a mortgage on some of th…
▶ 7:44
included a $17 million loan to Carroll Kelly, secured by his Continental Savings Stocks. This loan had been transferred from Michener's Allied Bank and guaranteed by Herman Beebe, the mobster. A $17 million loan to William King that had bee…
▶ 24:20
personal bankruptcy was $15.6 million to Continental Savings, the same one owned by Carol Kelly, but controlled by mobster Herman Beebe. And that bank was financed by Allied Bank as well. And then that loan was transferred to San Joaquino S…
▶ 1:01:52
It is interesting that this expression has been credited to Jarrett Woods, although some say it started with Tyrell Barker, because Western Savings was the biggest, last, greatest fool in Texas. It was Western that took out Vernon, Continen…
▶ 54:55
Some of the transactions General Holmes would actually finance the sale and take a first mortgage with a promissory note. The buyer would then obtain second mortgages from the savings and loan like Vernon, Continental, or Western, and later…
▶ 53:59
In order to avoid the savings in loan foreclosure on his real estate loans. So the savings in loan is going bad and he didn't want his loan foreclosed on. So they basically coerced him into investing in the bank. Kelly had consolidated his …
▶ 56:06
had a part in all of this financing. He went on to say that he had met Bebe at Whitehall Hotel with Kelly. They had brunch together, and Kelly was acting like a lapdog to the mob boss. Tomlin said later that Marsalo controlled Continental t…
▶ 1:02:18
And it would have stuck out like a sore thumb. So, of course, the CIA co-ops it so they can see everybody else's money laundering as well as Mossad. They got their copy of it, but they could also cover up their own. Yeah, it's crazy. Illini…
▶ 7:41
was one for $800,000 and was in connection with an Allied loan on Carol Kelly's Continental Savings stock, which Beebe's company guaranteed. In addition to loans, Anderson said, Allied gave Beebe's company a big hunk of the credit life insu…
▶ 12:46
One of the savings and loan stock loans at Allied Bank was to Carol Kelly at Continental Savings. It had a guarantee from Bebe. Nearby San Jacinto Savings, a Houston-based subsidiary of Southmark Corporation, gladly accepted the loan from A…
▶ 16:20
The financing bank, according to the statements on file in Miami, was Allied Bank, Michener. Continental Savings wasn't the only savings and loan whose stock was financed by Allied Bank. Raymond Hill, a Houston attorney and owner of Mainlan…
▶ 16:51
Why would you loan somebody money to buy a stock? Hill went to Continental Savings, Carol Kelly, who sent him to Bebe. And according to Bebe's partner, Dale Anderson, one day Bebe called Anderson to tell him that they were going to Houston …