Lamar Savings organization
also: Lamar
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Related entities (most co-mentioned)
Mainland Savingsorganization · 8Charles Whiteperson · 4Meyerland Shopping Centerplace · 3Laddie Howardperson · 3Vervadosorganization · 2Mario Rendaperson · 2First South Savingsorganization · 2Savings and Loan Associationorganization · 2San Jacinto Savingsorganization · 2Adnan Khashoggiperson · 2Sunrise Savingsorganization · 2Continental Savingsorganization · 2Vernon Savingsorganization · 1Paris Savingsorganization · 1State Savings of Lubbockorganization · 1Universal Savingsorganization · 1Joe Russoperson · 1Sergio Lussaniperson · 1Drew Mortgageorganization · 1Austin Savings and Loanorganization · 1Manzor Haraniperson · 1Meyer Land Companyorganization · 1Ricky Straussperson · 1Mansoor Iraniperson · 1
Claims (2)
Lamar Savings financed_via
Jim Bath book_quoted
“to Laddie Howard, who worked at Drew Mortgage. Drew Mortgage was a subsidiary of Lamar Savings. Howard arranged a 100% loan from Lamar, which meant that White and Bath did not have to put any money down. Howard had originally worked at Main…”
▶ The Colonel’s Corner-Mafia, CIA, and George Bush Part 16 @ 1:01:21
Stanley Adams headed
Lamar Savings documented
“Aiden Kachogi had lent $30 million to George Aubin and J.B. Harrelson on a Houston track that made several big loans to Joe Russo. That was heavily involved in the Robert Strauss' son, Ricky, in that deal, who had also made deals with Manso…”
▶ The Colonel’s Corner Mafia CIA and George Bush Part 22 @ 6:57
Mentions (16)
▶ 25:43
from none other than the Department of Defense. He would borrow money from Lamar Savings and Mainland Savings, which we covered earlier. Bath is originally from Louisiana. In a deposition in a lawsuit in Houston, he stated that he attended …
▶ 1:01:21
to Laddie Howard, who worked at Drew Mortgage. Drew Mortgage was a subsidiary of Lamar Savings. Howard arranged a 100% loan from Lamar, which meant that White and Bath did not have to put any money down. Howard had originally worked at Main…
▶ 1:01:57
in Texas. After the loan application was submitted to Lamar, Luciani informed White that it had been rejected by Austin Savings and Loan. White told Bath, the next thing I know, it is back on. So all Bath did was pick up the phone and said,…
▶ 1:02:29
a $5 million promissory note to Lamar to buy the land and build the apartment complex. By December 83, the project was finished and the units were leased out. June of 84, Bath and White renewed the $5.2 million note to Lamar. But even thoug…
▶ 1:02:59
So Lamar arranged for them to borrow the $200,000. You can't make your payments, so we're going to give you the money to make the payments. This is a repeating pattern through this entire thing because they're doing business for the CIA as …
▶ 1:03:29
in Mainland and they got a second mortgage. By spring of 86, Bath and White were in default on both loans, which again has happened repeatedly through this book. Lamar wanted us to sell to Manzor Harani, White said, but that would have left…
▶ 28:02
was reportedly introduced to Sunrise by Laddie Howard, who had worked at Mainland Savings and Lamar Savings in Austin before heading over to Sunrise's Houston office. Howard had borrowed $150,000 from Sunbelt Savings in Dallas to buy the st…
▶ 4:51
twice the amount of money. So they paid about $35 million for it. They sold it the exact same day they bought it for $70 million. Atkinson said later that he represented Vervatos and then decided to buy the shopping center himself. The enti…
▶ 5:19
was only the east half of the shopping center. Now the shopping center already is not worth $35 million. That's just what the family wanted and that's what they paid. It was worth about $25 million. So they've now already sold it for $70 mi…
▶ 6:24
That would be us. The money on the closing table at the cell from the Myers family to DGI was $47.1 million wired from Lamar Savings. This is an Austin savings and loan that had a special interest rate deposit deal with Mario Rendo, the mob…
▶ 7:30
He was a very eccentric man. And let's see. During interviews with the author, Adams implied and indicated that there were larger forces and figures than his control of Lamar. But he was too afraid to say who they were. Adams would later pl…
▶ 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…
▶ 44:51
Khashoggi also had another connection to Mainland through money broker Mario Renda. He used to be a partner with Khashoggi, the guy from New York. Mainland proposed to buy the Galleria track for $68 million. The bulk of the money would come…
▶ 54:55
You can guarantee part of it was our money. Mainland, which had taken a $16 million participation in Lamar loan and guaranteed the rest, eventually took the whole loan over. So Mainland ended up with an investment in the entire deal of wort…
▶ 24:07
But there were many people lined up to buy these assets, and some of that did happen through front companies. Russo and his affiliated entities also borrowed tens of millions of dollars from five exceedingly dirty Texas savings and loan. La…
▶ 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…