Empire Savings organization
also: Empire State, Empire
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Related entities (most co-mentioned)
Spencer Blaineperson · 5Danny Faulknerperson · 3Mario Rendaperson · 3W. Jack Thompson Jr.person · 2Korean Warevent · 1Surety Savingsorganization · 1Buffalo Airwaysorganization · 1Dwayne Sheehyperson · 1Dale Andersonperson · 1Walter Reed Wolfeperson · 1Samuel Sloan Walkerperson · 1Federal Home Loan Bank of Little Rockorganization · 1James Tolerperson · 1Kenneth Blantonperson · 1Perry Bowdenperson · 1George Mayperson · 1Clyde Vaughnperson · 1Herman Beebeperson · 1Allied Bankorganization · 1Air Americaorganization · 1
Claims (4)
W. Jack Thompson Jr. convicted_by
Empire Savings documented
“In 1986, Thompson was convicted of lying on loan applications for a condominium loan from Empire Savings in Mesquite, Texas. Empire was the first savings and loan failure in Texas. Thompson was sentenced to four years in prison and fined $1…”
▶ The Colonel’s Corner-Mafia, CIA, and George Bush Part 16 @ 18:01
Mario Renda financed_via
Empire Savings book_quoted
“Two years later, that's money laundering. More than half of the deposits came from Mario Renda in his brokered loan scam. Since Empire failed, it had been the subject of massive civil and criminal investigations and litigations by federal a…”
▶ The Colonel’s Corner-The Mafia, CIA & George Bush Part 6 @ 29:47
Spencer Blaine headed
Empire Savings book_quoted
“Any of the money lost was in the hands of the mafia. Not allowed to look there. The owner of Empire, Spencer Blaine, had been in the savings and loan business for a long time. He was the director of the Federal Home Loan Bank of Little Rock…”
▶ The Colonel’s Corner-The Mafia, CIA & George Bush Part 6 @ 30:45
Danny Faulkner financed_via
Empire Savings book_quoted
“who said he couldn't read or write. Faulkner and his associates were the main beneficiaries of Blaine and the Empire Bank, receiving over $100 million in loans that later went bad. They didn't pay him back. Dale Anderson, Beebe's former par…”
▶ The Colonel’s Corner-The Mafia, CIA & George Bush Part 6 @ 32:52
Mentions (13)
▶ 37:03
Briefly, as the CIA deputy director from 51 to 53, which is during the course of the Korean War, soon afterwards, two of Wolf's fellow directors in the small Empire City Savings Bank, a Mr. Samuel Sloan Walker and author B. Richardson, were…
▶ 18:01
In 1986, Thompson was convicted of lying on loan applications for a condominium loan from Empire Savings in Mesquite, Texas. Empire was the first savings and loan failure in Texas. Thompson was sentenced to four years in prison and fined $1…
▶ 18:28
Thompson was convicted on four counts of falsifying documents, including overvaluing a condominium he owned in Mexico on a loan application he made to Empire State in November of 1982, just one month before he incorporated Buffalo Airways. …
▶ 28:47
Renda was found at Empire Savings in Mesquite, Texas as well. It also failed in 1984 at a cost to the federal government, you and me, of $100 million. Empire's failure was the first big one after deregulation and signaled the beginning of t…
▶ 29:17
busted out because of its loans on large land flips and acreage of empty parcels. Sometimes they were even involved in incomplete condominiums along Interstate 30 east of Dallas. The small SNL ballooned from $13 million in deposit in 1982 t…
▶ 29:47
Two years later, that's money laundering. More than half of the deposits came from Mario Renda in his brokered loan scam. Since Empire failed, it had been the subject of massive civil and criminal investigations and litigations by federal a…
▶ 30:16
have been obtained by prosecutors, although the biggest fish, the owner and major borrowers, escaped in their first trial with a hung jury. The Justice Department kept after them, though, and they were convicted in the second one and senten…
▶ 30:45
Any of the money lost was in the hands of the mafia. Not allowed to look there. The owner of Empire, Spencer Blaine, had been in the savings and loan business for a long time. He was the director of the Federal Home Loan Bank of Little Rock…
▶ 31:17
Huh. He came to Empire after serving as president of First Federal Savings in Austin. He bought control of Empire from developer Danny Faulkner and his associates with an $800,000 loan from Faulkner and his partner, James Toler, who happene…
▶ 31:50
Excuse me, a $2.25 million loan from Allied Lakewood Bank, i.e. Michener. So he's paying off a loan with another loan. But the second loan is a lot bigger than the first loan. Part of the loan was used to purchase land along Interstate 30 c…
▶ 32:52
who said he couldn't read or write. Faulkner and his associates were the main beneficiaries of Blaine and the Empire Bank, receiving over $100 million in loans that later went bad. They didn't pay him back. Dale Anderson, Beebe's former par…
▶ 34:54
Other investors was Faulkner's son-in-law, Kenneth Blanton, Faulkner's concrete supplier, Perry Bowden, his insurance agent, George May, and one of his bank partners, Clyde Vaughn. All of these people, with the possible exception of Vaughn,…
▶ 42:46
Again, these are basically money laundering deals where you can get this after you've already siphoned a whole bunch of loans for pennies on the dollar, and then you go ahead and finish the construction project. The failure of Empire Saving…