San Joaquin Savings organization
also: San Joaquinto Savings, San Joaquin Bank, San Joaquino, San Joaquino savings and loan, San Joaquin, San Joaquino savings, San Joaquin Savings
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Related entities (most co-mentioned)
Joseph Grovesperson · 17Southmarkorganization · 13Lincoln Savingsorganization · 6Herman Beebeperson · 5Savings and Loan Associationorganization · 4Mike Adkinsonperson · 4Thomas Gobertperson · 3Harvey McLeanperson · 3Ed McBurneyperson · 3Allied Bankorganization · 3Adnan Khashoggiperson · 3MDC Holdingsorganization · 3John Riddleperson · 3Independent American Savings Associationorganization · 2John Kellyperson · 2People's Heritage Federal Savings Loanorganization · 2Continental Savingsorganization · 2Vernon Savingsorganization · 2Bossier Bank and Trustorganization · 2Mexico Cityplace · 2Charles Keatingperson · 2Victor Rogers IIperson · 2Art Leiserperson · 2William Kennedy Jr.person · 2
Claims (10)
Southmark funded
San Joaquin Savings documented
“property investments that were upside down. So San Joaquino had grown rapidly after Southmark bought it in October of 1983, in part because of the brokered deposits it solicited. And again, brokered deposits are people who have millions of …”
▶ The Colonel’s Corner Mafia, CIA & George Bush Part 18 @ 3:04
San Joaquin Savings laundered_money_for
Lincoln Savings documented
“San Joaquino was also involved in multi-million dollar deals with Lincoln Savings, who had at its helm Charles Keating. In 1985, the two institutions swapped more than $123 million in loans, each savings in loan booking a profit off of the …”
▶ The Colonel’s Corner Mafia, CIA & George Bush Part 18 @ 12:31
San Joaquin Savings financed_via
Charles Keating documented
“In turn, San Joaquino lent $36 million, about half of it, to Charles Keating and Lincoln Partnership on Hotel Pontchartrain in Detroit. San Joaquino later foreclosed on the hotel after Keating's partnership defaulted on the loan. Charles Ke…”
▶ The Colonel’s Corner Mafia, CIA & George Bush Part 18 @ 14:24
San Joaquin Savings financed_via
MDC Holdings documented
“There was a number of savings and a number of loans and sales between San Joaquino and Larry Mizzell's MDC Holdings. San Joaquino made at least four loans to MDC, totaling $14 million. In 86, Southmark was going to sell J.M. Peters Company,…”
▶ The Colonel’s Corner Mafia, CIA & George Bush Part 18 @ 14:53
San Joaquin Savings financed_via
Bossier Bank and Trust documented
“According to the 1985 Comptroller of the Currency report on BB, Waters had large troubled loans at several BB-controlled banks. At this time, Palmer National Bank, in the spring of 1985, McLean's Palmer stock loan at Bossier Bank and Trust …”
▶ The Colonel’s Corner Mafia, CIA &George Bush Part 12 @ 38:43
Ben Rogers member_of
San Joaquin Savings documented
“True Blue Home Loans. That's what the savings and loans was for. Leaser said he couldn't find out why San Joaquino, which is different from San Joaquino Savings in Houston, owned by Southmark, made the loan. But an examination of the board …”
▶ The Colonel’s Corner Mafia, CIA &George Bush Part 12 @ 39:38
Victor Rogers II member_of
San Joaquin Savings documented
“True Blue Home Loans. That's what the savings and loans was for. Leaser said he couldn't find out why San Joaquino, which is different from San Joaquino Savings in Houston, owned by Southmark, made the loan. But an examination of the board …”
▶ The Colonel’s Corner Mafia, CIA &George Bush Part 12 @ 39:38
Joseph Groves headed
San Joaquin Savings documented
“Russo, one of the Kappa Sigma guys, who was the head of Ameriway Savings. Casey Hood, who had been the president of BB's umbrella company, AMI, before he took control of Western Savings. And a guy by the name of Joseph Groves, who was a Chi…”
▶ The Colonel’s Corner-Mafia, CIA, and George Bush Part 16 @ 13:05
San Joaquin Savings lent
Pandamanium International Oil Company documented
“But it had been loaned $10 million from San Joaquino Savings. Atkinson also formed an airplane company called Skyway Aviation and hired a couple of pilots. According to Haley, BB was one of the powers behind that company. Atkinson was broug…”
▶ The Colonel’s Corner Mafia CIA and George Bush Part 22 @ 24:45
Adnan Khashoggi financed_via
San Joaquin Savings book_quoted
“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…”
▶ The Colonels Corner Mafia, CIA&Bush Part 5 @ 43:45
Mentions (44)
▶ 12:33
Roberts, as noted earlier, was involved in the huge deals in Houston and Colorado with weapons trafficker Aiden Khashoggi. In 1983, McBurney had control of Sunbelt and Woods had control of Western Savings. The two began making multi-million…
▶ 14:46
after he allegedly signed them, meaning they were bogus. The purpose of the Sanson mortgage soon became apparent, to transfer more money from the Texas Savings and Loans to the Isle of Jersey. In early 85, Michener's Allied Bank and Southma…
▶ 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…
▶ 24:19
south of the border. One destination just coincidentally happened to be Belize. Haley said that they looked at some land in Belize to purchase 16,000 acres. Another frequent destination was Panama, where Atkinson had a company called Pandam…
▶ 25:17
Perhaps that's why Joe Cage shuttled Atkinson off to a drug task force attorney when he showed up in Shreveport to talk to Bebe. In 84, Atkinson bought a yacht and named it after himself and his girlfriend. They called it Mika for Michael a…
▶ 25:48
where he was accompanied by bankers from Westbelt National Bank and San Joaquino Bank. Haley and Atkinson loved to indulge in high-stake poker games on his trips to Mexico. In the summer of 86, Atkinson went with Riddle and Corson on vacati…
▶ 43:45
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…
▶ 45:20
The $30 million in prior loans from the Texas Commercial Bank and San Joaquin would be paid off. Khashoggi would buy $10 million in preferred stock at Mainland and use $12 million as a down payment to buy foreclosed loans and real estate fr…
▶ 21:33
independent American savings in Dallas, Hiawatha savings in Kansas, First South savings in Arkansas, Sandia savings in New Mexico, and San Joaquino savings in Houston. In 1989, the federal receivers for Vernon Savings, Independent Savings, …
▶ 38:43
According to the 1985 Comptroller of the Currency report on BB, Waters had large troubled loans at several BB-controlled banks. At this time, Palmer National Bank, in the spring of 1985, McLean's Palmer stock loan at Bossier Bank and Trust …
▶ 39:08
This was just months after Bebe had been convicted of defrauding the Small Business Administration on nursing home loans. When Art Leiser, the chief examiner for the Texas Savings and Loan Department, found out about the Palmer stock loan a…
▶ 39:38
True Blue Home Loans. That's what the savings and loans was for. Leaser said he couldn't find out why San Joaquino, which is different from San Joaquino Savings in Houston, owned by Southmark, made the loan. But an examination of the board …
▶ 51:28
alleging fraud. Going back to San Joaquino Savings in Beaumont, where Ben and Victor Rogers, the uncle, sat on the board. When Harvey McLean transferred his Palmer National Bank stock loan from Bossier Bank to San Joaquin Savings, he picked…
▶ 1:02:11
That's where Herman Beebe parked all of his real estate. He was also a senior VP of Southmark's Savings and Loan, San Joaquinto Savings. And apparently, unbeknownst to Continental Illinois and the Chicago Press, Gross was from Chicago, wher…
▶ 1:04:09
They will not be our agents. It's all the same group. Although Groves was listed in San Joaquino's corporate records as a senior vice president, he was really the chief loan officer and was essentially determining who got major loans from t…
▶ 1:04:35
The summary said all of the major loans are originated out of Southmark Funding, also known as Dallas Loan Production Office, by Joseph Gross. The quote from the minute of the meeting of San Joaquino Board of Directors stated that Gross was…
▶ 1:05:05
of the Dallas Loan Production Office. So he's in charge of who gets loans. The report further stated that Southmark Funding, meaning Joseph Groves, initiates all major loans with the association and subsequent funding. The majority of appra…
▶ 1:05:57
In 1985, Gross was receiving $732,000 in salaries and bonuses from Southmark and San Joaquino compared to the actual guy running San Joaquin Bank was paid $175,000. So he's getting paid like three times, four times as much as the guy he sup…
▶ 2:07
from yesterday. So we can go the full two hours today. I'm not starving. Yay. All right. The tryptophan is still hitting me from the turkey. So if you're snoring, it's not me. I did not eat the turkey. We had a turkey. I didn't eat any of i…
▶ 2:33
and basically the report that had been written about it, let me grab Stellar up here, and basically it said that the report finally concluded that San Joaquino is an institution which is out of control and at the mercy of Southmark, and Sou…
▶ 3:04
property investments that were upside down. So San Joaquino had grown rapidly after Southmark bought it in October of 1983, in part because of the brokered deposits it solicited. And again, brokered deposits are people who have millions of …
▶ 3:26
at their disposal to include the pension funds of many unions where they would deposit them. And then they, the depositor, got to dictate who took loans out on their deposit. So if the CIA or the mafia was depositing money in a bank, then t…
▶ 3:57
connections to the mafia. He had a special arrangement with San Joaquino to pay premium interest rates on deposits that he brought into the savings and loan. San Joaquino, with assets of more than $3 billion, was ultimately taken over by th…
▶ 4:27
San Joaquino failed primarily because of the $1 billion or so in loans and investments that Southmark made through gross, according to the regulators, into bankruptcy filings in the Southmark bankruptcy, who also went bankrupt because most …
▶ 6:16
to Schenker's Dunes Hotel and Casino in Las Vegas. Gross also reportedly arranged Las Vegas trips for San Joaquino customers, the elite customers, not you and me. In January 1985, there was a memo to Gross. Southmark chairman Gene Phillips …
▶ 6:46
Jr., David Weiss, and Charles Restagno. According to a federal examination report, this loan was for chartering a new bank, but instead it was used to pay off an overdraft at another financial institution for the purpose of avoiding crimina…
▶ 7:15
Wise was an associate of Beebe's and is named in several instances in the 1985 Comptroller of the Currency report on Herman Beebe, the mobster. Kennedy is also named in that report, which states that in 1975, Kennedy was barred from securit…
▶ 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…
▶ 8:09
This loan to the Houston attorney who controlled several savings in loan was arranged by Herman Beebe. He got a commission of almost a half million dollars. Art Leiser, L-E-I-S-E-R, the retired Texas Savings and Loan Department chief examin…
▶ 8:40
the savings in loan. Leister said that when he first noticed Gross's activity at San Joaquino, he asked people there about him. Nobody seemed to know anything about him. A third loan for $32 million to a group headed by Thomas Gobert, G-A-U…
▶ 9:10
This loan was made in 1985, the same year that Gobert placed gross on the board of directors of his company, Telecom. Gobert had bought with a loan from Sunbelt Savings. So this is that round robin again. Borrow money from here, put it in h…
▶ 10:05
A 1988 lawsuit filed against McBurney and other Sunbelt insiders state that Gross handled these loans for San Joaquino. On the flip side, Gross received seven loans from Sunbelt totaling $21 million himself. This is money laundering. San Jo…
▶ 10:33
These savings and loans included Sunbelt, Independent American, Lincoln, Western, and Vernon. Grosses Southmark Funding purchased and sold loan participations to and from a number of savings and loans, including Sunbelt, Lincoln, Western, V…
▶ 11:03
was a Kansas savings and loan that lent big money to John Riddle and John Ballas deal in Houston. In January of 1991, Gross was indicted by a federal grand jury in Kansas regarding loan participations that he was involved with at People's H…
▶ 11:32
cried with him. But his troubles were far from over. In late 1991, a federal grand jury in Dallas indicted him for fraud regarding his San Joaquino deals. One loan that San Joaquino didn't make was the big one for the $200 million at St. Jo…
▶ 11:59
deal that we're going to talk about in a later chapter. Southmark was all lined up for a joint venture with Mike Atkinson with the financing to come from San Joaquino. It was spelled out in a sales contract with Lawrence Freeman's company, …
▶ 12:31
San Joaquino was also involved in multi-million dollar deals with Lincoln Savings, who had at its helm Charles Keating. In 1985, the two institutions swapped more than $123 million in loans, each savings in loan booking a profit off of the …
▶ 12:57
They're literally just swapping loans and then giving themselves a payday for doing it. The following year, federal regulators made them reverse the transaction because of all of its irregularities. In fact, Lincoln's chairman, Andre Niblin…
▶ 13:56
As for Lincoln's loan transferred to San Joaquino, the federal examination report stated that San Joaquino does not have any loan files or documents in its possession to support any of these transactions. In other transactions between Linco…
▶ 14:24
In turn, San Joaquino lent $36 million, about half of it, to Charles Keating and Lincoln Partnership on Hotel Pontchartrain in Detroit. San Joaquino later foreclosed on the hotel after Keating's partnership defaulted on the loan. Charles Ke…
▶ 14:53
There was a number of savings and a number of loans and sales between San Joaquino and Larry Mizzell's MDC Holdings. San Joaquino made at least four loans to MDC, totaling $14 million. In 86, Southmark was going to sell J.M. Peters Company,…
▶ 15:22
MDC sold all of the assets that it had in the oil and gas subsidiary to Southmark and in turn acquired residential property in Virginia with an option to buy more property in California. In September of 88, a Dallas savings and loan regulat…
▶ 15:51
and San Joaquino, Lincoln, and Silverado, which of course is where Neil Bush lived, was on the board. MDC first told the author of this book that it had never borrowed any money from Silverado and had never engaged in any deals with Neil Bu…
▶ 14:51
because the bank was just prior to foreclosure. Now, nobody like Phillips throws away millions of dollars to a known mobster like Beebe, unless he's told to do so. There's evidence to indicate that. In 1983, Southmark bought San Joaquin Sav…