SAVINGS AND LOANS: The Follies Go On

SAVINGS AND LOANS: The Follies Go On

"I thought the judge was very fair," remarked former Dallas thrift owner Don R. Dixon last week. Fair and then some. Dixon was convicted last December on federal charges that he used funds from his Vernon Savings & Loan $2 million to pay for a California beach house and $10,000 for prostitutes for board members. Though Vernon's former chairman, Woody Lemons, had been sentenced to 30 years, U.S. district court Judge A. Joe Fish gave Dixon only five years, pointing out that the jury had not found him responsible for Vernon's $1.3 billion failure. Dixon could be paroled after serving only...

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