BAD DEBTS, BAD JUDGMENTS

CONVICTED OF BANK FRAUD, FIFE SYMINGTON IS THE SECOND ARIZONA GOVERNOR TO RESIGN IN A DECADE

In a state known for hard-nosed law enforcement, no one talked tougher than Arizona Governor Fife Symington. Since taking office in 1991 he had called countless times for more arrests and harsher penalties. "Crime is not traced to the lack of material things," he once said. "It happens through loss of values."

Could be. Last week the Governor was himself convicted in a Phoenix federal court of seven counts of fraud. A jury found him guilty of repeatedly lying on loan applications to shore up his wobbly real estate empire. Under stringent federal sentencing guidelines--of the sort he in the past...

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