
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: THURSDAY, June 14, 1990                   TAG: 9006140150
SECTION: BUSINESS                    PAGE: B9   EDITION: METRO 
SOURCE: associated press
DATELINE: DALLAS                                LENGTH: Short

EX-S&L OWNER INDICTED IN POLITICAL GIFTS CASE

The former owner of Vernon Savings & Loan, accused of illegally using bank funds to raise money for former House Speaker Jim Wright, was indicted Wednesday on bank fraud charges in the collapse of his thrift three years ago.

A 38-count indictment by a federal grand jury accused Don Dixon of conspiracy, misapplication of funds, making false statements and false entries, and interstate travel in aid of racketeering.

Five other former officials of the defunct thrift have pleaded guilty to various crimes and government attorneys have pointed to the thrift's collapse as a prime example of abuse in the savings and loan industry.

The indictment alleges that Dixon conspired with other Vernon officials to use savings and loan funds to make illegal political contributions to 13 candidates, including Wright and then-Rep. Jack Kemp, R-N.Y.

by CNB