Three men were indicted over a bank failure.
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Two bankers and a former stockbroker face federal charges of fraud and misapplication of bank funds in connection with the 1984 failure of a Carmel bank. The 19-count indictment named Robert L. Boynton, executive vice president for National Bank of Carmel, and Richard D. Fritz, senior vice president of the bank. It also charged Leonard Levy, a former Southern California stockbroker, in the alleged scheme to illegally transfer $7 million in bank funds to finance Levy’s abortive attempt to gain control of a computer display systems manufacturer.
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