Commerce Savings organization

“A mutual association of theirs, John Roberts, a San Antonio developer, purchased Commerce Savings in Angleton, Texas from Jarrett Woods. McBurney and Auburn split a $300,000 commission on the sale. Then McBurney would go on to help Woods ge…”

“large amounts of money from two other fraud-ridden savings and loans. In January of 84, Doug was a trustee and bought seven tracts of land totaling 92 acres in a Texas county and signed a $7 million promissory note to Commerce Savings in An…”

“and was an associate of several savings and loan crooks, including Jarrett Woods and Ed McBurney. Khashoggi and Roberts borrowed another $44 million from Commerce Savings to buy the Aspen property. Khashoggi then lent Roberts $14 million fo…”

“In 1982, Merchantson had dropped out and Khashoggi was looking to sell the land. Three years later, there was no takers. The real estate market was tanking in Houston. In January of 1985, Khashoggi joined up with San Antonio developer John …”

“A mutual association of theirs, John Roberts, a San Antonio developer, purchased Commerce Savings in Angleton, Texas from Jarrett Woods. McBurney and Auburn split a $300,000 commission on the sale. Then McBurney would go on to help Woods ge…”

“Commerce Savings also lent a Longoria Partnership $20 million on land in Austin. Jaffe's property was foreclosed on and sold to Commerce Savings for almost $4 million, leaving a deficit of $1.2 million for which Commerce then sued Jaffe. Wh…”