A St. Louis banker and publisher of the newsletter Regulatory Watchdog received a 46-month prison sentence on July 8.
Edward L. Morris, 51, was found guilty of defrauding customers who bought $10 million in junk bonds at Germania Bank in St. Louis. Mr. Morris was chairman and chief executive of Germania when it sold the bonds in 1987. Former Missouri state Rep. Steven Gardner, 46, received the same sentence. He was Germania's president when it was seized by the government in 1990.