European Stars and Stripes (Newspaper) - November 17, 1991, Darmstadt, Hesse                                Sunday november 17, 1991 the stars and stripes a Page 17lawsuit accuses Milken of looting a amp a Miami apr american savings of Florida filed a $1.2 billion fraud suit accusing  Bond executive Michael Milken of controlling and looting the Thrift. The troubled Miami Thrift claims actions by Milken and hundreds of co conspirators ultimately forced its Ala Bama based Parent the instar group to seek bankruptcy Protection. The lawsuit is the latest of scores of lawsuits nationwide by Federal Thrift regulators investors and companies claiming billions of dollars in damages. Milken the former head of Drexel Burnham Lambert  High yield Bond department is serving a 10-year prison term for trading related felonies. In the lawsuit filed thursday in Miami Federal court american savings says Milken and his brother Lowell concealed destroyed and created bogus records for american savings. 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