Warner Enters Innocent Plea in Writing
CINCINNATI (AP) _ Former Home State Savings Bank owner Marvin Warner has entered a written plea of innocent to 50 counts stemming from the thrift’s dealings with a Florida securities broker and will not be required to appear in person at his arraignment Friday.
Warner, who now lives in Florida, and former Home State president David Schiebel both entered written innocent pleas Monday and were granted appearance waivers by Hamilton County Common Pleas Judge Thomas Nurre. Nurre also allowed Warner and Schiebel to remain free on recognizance bonds.
Former Home State president Burton Bongard, now of New York, who was indicted along with Warner and Schiebel, has not yet requested an appearance waiver.
Warner, Schiebel and Bongard were among five men indicted by a special state grand jury Dec. 13. The grand jury is investigating the collapse of Home State last March - an event that triggered a crisis within the state’s savings and loan industry.
Warner was charged with 45 counts of willful misapplication of funds in connection with Home State’s deals with the bankrupt ESM Government Securities Inc., four counts of securities violations and one count of theft by deception.
Schiebel was indicted on 44 counts of willful misapplication of funds, five counts of securities violations and one count of theft by deception. Bongard faces 44 counts of willful misapplication of funds.
Former ESM president Ronnie Ewton, who also was indicted earlier this month, entered an innocent plea Monday through his attorney. He did not appear for the arraignment.
Authorities were still seeking George Mead, one of ESM’s founders, who failed to appear for his arraignment. Judge Fred Cartolano has issued an arrest warrant for Mead.
The arrest warrant means that Gov. Richard Celeste’s office will petition the governor of Florida to have Mead extradited, a proceed by Ohio Attorney General Anthony Celebrezze as special Home State prosecutor, told Cartolano that Mead is fighting extradition from Florida.
ESM’s collapse March 4 touched off depositor runs at Home State offices that forced Home State to close March 8. Subsequent runs at other Ohio thrifts where deposits were insured by the same private fund as those of Home State prompted Celeste to order all of them closed March 15.
The institutions were allowed to reopen after obtaining federal deposit insurance.