San Francisco S&L;, CEO Fined: San Francisco...
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San Francisco S&L;, CEO Fined: San Francisco Federal Savings and its chief executive, Roger L. Gordon, agreed to pay $80,000 in fines for making a series of improper loans to a partner of the thrift’s auditors, KPMG Peat Marwick. The agreement was reached with federal thrift regulators, who argued that the loans were a conflict of interest and threatened the independence of San Francisco Federal’s audits. Regulators said more than $875,000 in loans were made on the personal residence of partner Peter Meeks while Gordon was San Francisco Federal’s senior lending officer.
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