Photograph caption reads: "Highland Federal Savings at York Bl./Figueroa, Highland Park, involved in slum financing network". The bank, based in Highland Park, was sued by Los Angeles city for knowingly financing frequent transfers of ownerships to people who had no means and no intention of maintaining the buildings, many of which were substandard. The city attorney's office maintained that, at one point, a Labrador dog was listed as the president of a shell corporation that owned the Cameo Hotel, a Westlake building with a $200,000 loan from the bank. Photograph dated: March 3, 1989.
Type
Image
Format
1 photographic print :b&w ;36 x 28 cm. Photographic prints
Highland Federal Savings and Loan (Los Angeles, Calif.) Fraud--California--Los Angeles Banks and banking--Real estate business--California--Los Angeles) Mortgage loans--California--Los Angeles Bank buildings--California--Highland Park (Los Angeles) Highland Park (Los Angeles, Calif.) Los Angeles Herald-Examiner photographs Herald-Examiner Collection photographs
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