Former Thrift Head Indicted: A federal grand...
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From Times Staff and Wire Reports
Former Thrift Head Indicted: A federal grand jury in Los Angeles indicted the former president of a now-defunct thrift, Westlake Thrift & Loan of Westlake Village, and four others on bank fraud charges. The 26-count indictment charges that the former president, Steven Smith, 46, helped secure $4 million in illegally obtained loans for Riverside businessman Walter Vladovich, 55, who was among those indicted, the U.S. Attorney’s Office said. Lawyers for Smith and Vladovich declined comment.
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