FAVORITE S&L FELONIES By Mark D. Fefer, Wilton Woods, John Labate, Jung Ah Pak, | Andrew Erdman, Terence P. Pare, Sandra L. Kirsch, Alison L. Sprout, Joel Dreyfuss, Jaclyn Fierman. November 5, 1990
Anthony DiGeronimo, George Shipman, William Walsh III Shipman, 49, a 25% stockholder in Victor Federal of Muskogee, Oklahoma, dodged limits on loans to major stockholders by giving friends money to buy much of his stake. One pal, DiGeronimo, 50, further defrauded Victor by exaggerating the price he was paying for a Holiday Inn and pocketing the extra loan proceeds. DiGeronimo got 1 1/2 years, as did Walsh, 38, who pulled a similar scam. Shipman got nine.
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