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The Daily Oklahoman from Oklahoma City, Oklahoma • 64

Location:
Oklahoma City, Oklahoma
Issue Date:
Page:
64
Extracted Article Text (OCR)

THE DAILY OKLAHOMAN Thursday, October 3, 1991 2 Named Life Term Added To Death Sentence By FDIC In Lawsuit With 25 Smngs On Bridal Sets, Too Bad You Cant Hurry Love. DALLAS (AP) A convicted drug dealer already sentenced to death for murder also received life in prison for the 1988 kidnapping of a woman and her son who later were killed. Genaro "Geno" Ruiz Camacho, 36, received the life sentence Tuesday as punishment on a July 9 federal conviction for. the kidnapping of Evellyn Banks, 31, and her 3-year-old son, Andre. Barbara Nichol, spokeswoman for the U.S.

Attorney's office in Dallas, said Camacho was convicted of one count of conspiracy to kidnap, two counts of kidnapping and one count of use of a firearm during a crime of violence. He was sentenced to death in May 1990 on a state murder conviction in the slaying of David Wilburn, Banks' neighbor. The federal sentence, which carries no p'arole, ensures that Cama cho will have no chance of getting out of prison even if his death sentence is overturned. In Camacho's summer trial, prosecutors said Camacho led a Dallas drug ring in the late 1980s. In May 1988, he and three others went to the home of Sam Junior Wright, Banks' husband and Andre's father, to collect a drug debt.

Camacho killed Wilburn, who had interrupted the confrontation. Camacho and the three others took Evellyn Banks and Andre to an apartment to hold them for ransom, but Camacho ordered them killed. The two were driven to Oklahoma, shot and dumped in a grave. Juan Jackson, one of Camacho's accomplices, was convicted of kidnapping and sentenced last week to life in prison. One of "the other two accomplices has pleaded guilty and is in prison.

Decision on Toll Plazas Not Final, Authority Says Pay No Finance Charge When You Use Our 0-Month Revolving Charge Club Account. We're not trying to rush into anything. Except, of course our Bridal Even! Our entire selection, of exquisite bridal sets at a savings of 25 Hurry in ran love is here to stay these prices mos definite aren't And with our Club Account on any single purchase of 1,500 or more, you can extend your. payments over 10 months, with no finance charge. "But the horse is out of the barn," he said.

Richard Ridings, executive director of the OTA, said a study found that eliminating the toll plazas at either end of the, turnpikes and putting a collection system in the middle could save $2.5 million a year. The turner turnpike runs from Oklahoma City to Tulsa; The Will Rogers turnpike goes from Tulsa to the Oklahoma-Missouri line. Although -the cost would not change' for motorists who drive, the length of the turnpikes, some would have to pay the full $2.50 to drive distances as short as 17 miles. TULSA (AP) The Oklahoma Turnpike Authority has not decided whether to change the way it collects cash tolls, along the Will Rogers and Turner turnpikes, the director of technical services says. But a Vinita insurance agentsays the fact that construction began on toll plazas a month ago proves otherwise "It seems to me that the authority had a plan in mind and the recent public outcry has caused concern, and now the authority, is going to try to address the concern," Larry Green said at a' meeting Tuesday night.

The short-distance cost would remain at the current lower level for carriers of the electronic PikePass. Jim Berry, director of technical services for the OTA, said the options are still being considered. "We do not know What the final changes are going to be or, in fact, if there are going to be changes," Berry said at the meeting in Big Cabin. James Orbison of Tulsa, chairman of the OTA, said any proposal to cut the cost: of collecting tolls would first be presented to motorists at of public hearings, although none, has been scheduled. Jewelers Since 1877 People Who Know Jewelry, Know Li nz.

Ffcnn Square (405i 842-83 i 3 Crossroads (405; to I -87 1 1 Ouai Sp-int? tlli 5) 7i5 TULSA (AP) An accounting firm and a failed Muskogee thrift are accused in a federal lawsuit of mismanaging loans and conducting improper audits involving a resort complex near Grand Lake. The Federal Deposit Insurance Corp. is seeking unspecified damages against two former officers of the Phoenix Federal Savings and Loan Association, which was closed in 1988. The FDIC is suing New York City-based Deloitte Touche for allegedly failing to conduct proper audits in 1985 and 1986: The lawsuit claims loans involving Meghan Cove condominium and resort near Grove created a "dangerous concentration" of loans, The Tulsa Tribune reported Wednesday, The accounting firm and the two former officers Clarence L. May berry of Muskogee and William E.

Beck-man Jr. of Oklahoma City deny wrongdoing. The lawsuit accused Mayberry and Beck-man of not acting' in the best interest of the failed thrift in lending money for the development of Meghan Cove. The FDIC alleges the thrift: Did not adequately monitor an $8 million, loan in April 1983 that was given without an appraisal. Exceeded federal, levels of its equity in-: terest in the development company.

Imprudently underwrote a $12.5 million advance to another company for the subsequent purchase of the resort. net worth standards by a $20 million line of credit issued in April 1986. Beckman, who worked at the thrift from December 1985 to March 1987, said it was "stupid" for the FDIC to wait five' years to file the lawsuit. "I never knew what a scapegoat looked like before I read the lawsuit. After I read it, I saw my first one," Beckman said.

Mayberry was chairman and chief executive officer at Phoenix from October 1982 until it failed in August 1988. His attorney, Ron Wright of Muskogee, said the lawsuit "doesn't reflect our view as to what happened." The lawsuit claims the FDIC losses could have been reduced if Deloitte Touche had conducted proper audits. The FDIC claims the firm issued accounting statements that overstated interest income and net worth and understated money set aside for losses. An unnamed spokesman for the firm told the newspaper that neither the FDIC nor any other agency ever apprised Deloitte of any concerns in the three years following the thrift's failure. "Now, on what the FDIC says is the last day available to it under the statute of limitations, FDIC has suddenly filed a bare-bones complaint, ignoring Deloitte's qualified report and referring to audits performed in earlier years," the spokesman said.

Phoenix was merged with Victor Federal Savings and Loan Association of Muskogee in 1988 into a government-controlled thrift named Cimarron Federal Savings and Loan. GREAT BUYS! USE DAMAGE! SAVE 20-50 OFF Regular Price (when new) on ALL FURNITURE SAVE AN ADDITIONAL 20 ON ALL UPHOLSTERED ITEMS 3 DAYS ONLY THURSDAY, FRIDAY, SATURDAY Walters, Cabinet Move Meetings To 2 Communities By Paul English Capitol Bureau Gov. David Walters and his cabinet members will travel to southern and southeastern Oklahoma today and Friday to meet with the public. The Ardmore Chamber of Commerce will host Walters and his cabinet at a community luncheon at noon today at the Holiday Inn in Ardmore. The governor's office said anyone interested in attending the Ardmore meeting should contact the Ardmore chamber.

Walters and his cabinet will meet at 9 a.m. Friday in the field house at Southeastern Oklahoma State University in Durant. After the cabinet meeting, which will be open to the public, Walters and his cabinet will be available to the news media, the governor's office said. An aide to Walters said the public is invited to a community luncheon with the governor and cabinet members, to be held after the Durant news conference. The luncheon will be in the university's student union, beginning at noon Friday.

Walters and his cabinet have held public meetings and tours in Tulsa, Muskogee and Shawnee during the past two months. The governor's office said plans are underway for similar community meetings across the state. Percussive Society Office, Museum Coming to Lawton SAVE On All Sofas, Demi Sofas, Sleeper Sofas and Sectionals SAVE On All Occasional Tables SAVE On All Recliners And Accent Chairs SAVE On All Bedroom Furniture SAVE On All Headboards, Footboards SAVE On All Bedding Innerspring or Foam, Sets and Single Pieces SAVE On All Entertainment Centers SAVE On All Dining Room Furniture LAWTON Percussion greats Buddy Rich, Lionel Hampton and Gene Krupa will be among those honored in the Percussive Arts Society's new international headquarters and hall of fame museum here. Groundbreaking for the $375,000 building will be at 10 a.m. today northeast of McMahon Auditorium in Elmer Thomas Park.

A groundbreaking ceremony will be in the foyer of McMahon Auditorium. Percussion music will be provided by the Cameron University Percussion Relocating the headquarters for the society from the University of Illinois in Urbana to Lawton was the brainchild of James W. Lambert, Cameron associate professor of music. He also is a society board member and editor of Percussive Notes, the group's international journal. Funding was provided by a matching grant from the McMahon Foundation.

The facility, which eventually will have a historical reference library and worldwide percussion computer network, is expected to be completed in 1992. PRICES GOOD THROUGH WEDNESDAY, OCTOBER 9, 1991 QUAIL SPRINGS MALL mkmrn Lower Level sanction gurntd 2501 W. Memorial Rd. 752-7783 SEQUOYAH Southeast Entrance 4400 S. Western 630-4772 Kur money's worth and a whole lot more.

or your money back sM poew co I989 9:30 a.m. to 9:00 p.m., Sun. 12:30 p.m. to 5:30 p.m.

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About The Daily Oklahoman Archive

Pages Available:
2,660,391
Years Available:
1889-2021