LOS ANGELES - A federal grand jury has returned a 55-count indictment against Thomas Spiegel, former president and a chief executive of the defunct Columbia Savings and loan Association, Beverly Hills, Calif.

Mr. Spiegel was charged with misappropriating millions of dollars of Columbia funds for his personal benefit, misappropriating Columbia money and property for personal use, obtaining personal benefits by causing Columbia to enter into contracts with an outside company, and misrepresenting to federal regulators the extent of his compensation.

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