Two people who use to work for a thrift in Dallas that is controlled by the Resolution Trust Corp. pleaded guilty last week to bank fraud charges. They face 30 years in prison and fines of up to $1 million.
Stephen K. Renshaw, a former employee at the failed Southwest Federal Savings Association, and George C. Dillon, a lawyer working for the thrift, waived their right to a trial and entered guilty pleas in U.S. District Court for the Northern District of Texas.
The two men were charged with devising a scheme to divert more than $500,000 in RTC funds to private accounts. Sentencing is set for Sept. 2.