European Stars and Stripes (Newspaper) - January 17, 1992, Darmstadt, Hesse Friday. January 17, 1992 the stars and stripes a Page 7 4 sentenced in Texas biggest a amp a fraud Midland Texas a a flamboyant real estate Developer was sentenced wednesday to 20 years in prison for his leading role in Texas largest Thrift fraud scandal. . District judge Lucius Bunton also ordered . A a Danny Faulkner to forfeit $40 million he gained illegally pay a $215,000 Fine and spend five years on probation. Faulkner and three associates were convicted in november of conspiring to steal $165 million from five Texas thrifts. Bunton sentenced James Toler a Developer and former mayor of Garland to 20 years in prison and ordered him to forfeit $38 million pay a $220,000 Fine and serve five years probation. Former Empire Thrift chairman Spencer Blain was sentenced to 20 years in prison ordered to forfeit $22 million and serve five years on probation. Appraiser Arthur Formann received a 10-year prison sentence and five years on probation. Faulkner and the others were the chief defendants in the so called 1-30 condominium scandal the largest Thrift fraud Case to be tried in Texas and one of the largest in the nation. It led to the $284 million failure of Empire savings and loan association of Mesquite in 1984, the first Thrift to fail in Texas. It was a Harbinger of the coming crisis in financial institutions. A jury convicted Faulkner on 42 of 45 fraud and conspiracy counts. Toler was convicted on 41 of 46 counts Blain 34 of 35 counts and Formann 21 of 22 counts. All four said they will Appeal. After returning the verdict the jury or dered the defendants to return their profits from the Condo deals. Bunton concurred with that decision in his sentencing wednesday. Faulkner faced a maximum of 201 years in prison and $250,000 in fines. Toler faced 1% years in prison and a $250,000 Fine while Blain faced 188 years in prison and a $208,000 Fine. Formanns maximum penalty was 54 years in prison and $102,000 in fines. The convictions came nearly two years after the men were first tried. A jury in Lubbock listened to nearly seven months of testimony in 1989. They deliberated for More than two weeks but could not reach a verdict. Faulkner a Grade school dropout overcame illiteracy to build a real estate Empire and surround himself with such luxuries As a Jet and a $150,000 Rolls Royce. Prosecutors said that in building the Empire Faulkner and Toler arranged illegally inflated appraisals for hundreds of condos along interstate 30, East of Dallas and then paid off Bankers like Blain to give them massive construction Loans that were simply pocketed. The defendants claimed they were victims of Texas economic collapse in the mid-1980s and of the government s Star witness a Vagabond land Developer named Clifford Sinclair. Sinclair worked closely with Faulkner and Toler on a number of Condo deals. He pleaded guilty to four charges of conspiring to falsify financial statements and agreed to testify for the government in Exchange for a lesser Teresa leaves clinic by the los Angeles times san Diego a Mother Teresa of Calcutta was released from the Hospital wednesday after securing a pledge from doctors and nurses to set up a Volunteer network of Mobile medical clinics to serve the poor of Tijuana Mexico. After 20 Days at the Scripps clinic and research foundation in la Jolla where she was treated for bacterial pneumonia and heart problems the 1979 Nobel peace prize Winner walked outside carrying one Long stemmed red Rose a a gift from one of her doctors. As a crowd of More than 100 applauded she got into a benefactors Mobile Home for the drive to nearby Tijuana where she will recuperate for a week or two. The 81-year-old woman a last Day at Scripps ended with a mass in her room celebrated by Cardinal Roger m. Mahony of los Angeles and attended by her doctors several of her missionary Sisters and some patients who came to know her during her 20-Day stay. At her 15-minute appearance at a news conference a her head barely Topping the Bank of microphones a Mother Teresa said her first priority was to a bring the love of god in every asked whether she was going to take better care of herself she replied a ooh she said she hoped that she had convinced american doctors that they need to minister to the poor of Tijuana As Well. What struck her about the third world City adjoining san Diego was that a you done to expect that kind of poverty so close to the United states. One of her doctors Paul Teirstein said a a there a a sign up Sheet outside her room and there Are a dozen doctors signed up on it and in a sure Shell have no trouble getting the 50 that she wants to staff the Mobile clinics. Her primary physician at Scripps or. Patricia aha Nel a who has a clinic in Tijuana As Well a said that she would work to establish the Mobile medical clinics in Tijuana in the name of Mother Teresa s missionaries of Charity. Recuperation Well wishers say goodbye to Mother Teresa As she leaves Scripps Hospital in la Jolla calif., on wednesday Mars has Sweet idea a reduced calorie Milky Way by the Washington Post Milky Way Lite no its not a joke. Mars inc. On wednesday introduced what some might Call a dieters dream a Milky Way Candy bar with 25 percent fewer total calories and 50 percent fewer calories from fat. The same size As the traditional Milky Way the new bar is the first to use Cap renin a fat substitute developed by Procter amp Gamble co. Primarily for use in Candy. While Choco late makers including Nestle . And Hershey foods corp., have been researching Cap renin a potential for years the Mars company of Mclean va., is the first to sell a product containing it. A we Are very excited about it Quot said Mars spokesman Hans Fuczynski. The original Milky Way. With 280 Cal ories was launched in 1923 and was a hot seller during the great depression because of its hunger satisfying size. The new Milky Way christened the Milky Way ii is not Low Cal but it does have 90 fewer calories than a traditional bar. Mars said it lowered calories with a combination of Cap renin and pol dextrose a Complex carbohydrate that has been used for More than a decade to provide body and texture to Low calorie food. Cap renin is derived from fat molecules found in Coconut Palm Kernel and rapeseed oils. Procter amp Gamble has been seeking expedited food and drug administration approval of Cap renin As a an agent already recognized As Safe Quot because it is made of natural ingredients. However such approval is not required before the product can be marketed. Mardi gras clubs quit Parade to protest Law new Orleans a the City a oldest carnival group on wednesday joined the second oldest in refusing to Parade this year in response to a new anti Bias ordinance. They ignored a plea by gov. Edwin Edwards that they reconsider their objections. A i would implore those responsible for making the decisions to continue with plans for this years Mardi gras Quot Edwards said from Baton Rouge. The Law goes into effect in 1993 and would give the City the authority beginning in 1994. To withhold Parade permits from Rewes a Mardi gras clubs that have not eliminated such membership barriers As gender race or sexual preference. The 120-year-old knights of Monus Crewe announced last weekend that it will not Parade this year. The Misiek Crewe of cons. Formed in 1857 and the City a oldest parading carnival organization announced wednesday that it too was cancelling its Parade. The Rewes Are private clubs and most of the oldest like c Omus and mounts Are difficult and expensive to join. T hey Pride themselves on their exclusivity. C Arnival officially began Jan. 6 with gala formal balls. T he parades begin in Earnest about two weeks before Ash wednesday and conclude with the biggest Celebration on Mardi gras the Day before Lent begins. I his year March gras Falls on March 3. Another of the old line Rewes Rex and about 20 other carnival organizations said in a statement late wednesday that they will Parade this year. The ordinance was defended by City Munei woman Dorothy Mae Taylor a Black woman who sponsored the measure
