Old Court Savings and Loans

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Old Court Savings and Loans (Old Court Thrift Savings) is a state bank in the U.S. state of Maryland.

The Pikesville, Maryland led the collapse of the Maryland State bank insurance fund.

Old Court President Jeffrey Levitt was charged in relation to the failure of the bank for improper loans and looting of bank funds.^{[1] [2]}He served several years in Maryland prison before being released on parole. The failure of the State Bank insurance systems of Maryland, Ohio, Arizona presaged the national collapse of the Federal Savings and Loan Insurance Corporation.

Mr Levitt and his wife Carol became he subject of much scorn particularly for their palatial lifestyles and massive bulk.

[edit] References

1. ^ Kornheiser, Tony (October 26, 1986). Jeffrey Levitt Stole $15 Million. Retrieved on 2007-07-05.
2. ^ AP (January 21, 1986). Jail Term Set In Thrift Case. Retrieved on 2007-07-05.