(FORTUNE Magazine) – Misapplication of funds:Obtaining funds for a given purpose, then using them for another not sanctioned by the lender. Borrower A, who was lent $100,000 to build an apartment complex, uses the money instead to pay defaulted interest on another loan.

Land flips:The fraudulent inflation of a property's value through multiple sales. Party A buys a property for $100,000, then sells it to confederate B for $400,000. B sells to confederate C for $700,000. Confederate D then goes to the thrift and says he wants to buy this much-sought-after property for its most recent appraised value. The thrift approves the loan; the felons divide the proceeds. The lender and appraiser may or may not be in on the deal.

Nominee loans:By law, an S&L can lend no more than 15% of its capital to a single borrower. Party A borrows the maximum, then tells shill B to borrow an equal amount from the same institution. B gives his money to A. Bankers sometimes play along, as a way of circumventing the lending cap. The term also applies when bankers use shills to borrow for their own accounts.

Check kiting:The classic original white-collar con. The perpetrator, with $10,000 in account X, draws a check on X for $20,000, depositing it in account Y, whose balance previously was zero. He then draws a check on Y for $10,000, depositing that amount in account X. Float, the time required for checks to clear, makes the game possible -- so long as the money keeps moving.

Kickbacks:Payment of anything of value to a person in exchange for a service. Party A seeks a $100,000 loan. Banker B reviews A's application and says: ''You must be kidding.'' A shows just how serious he is by offering to give B 10% of the loan, if approved. The payment is disguised as a ''servicing fee,'' ''consulting fee,'' or some such.

The items in the following list were largely reported by Mark D. Fefer, with assistance from Wilton Woods, John Labate, Jung Ah Pak, Andrew Erdman, Terence P. Pare, Sandra L. Kirsch, and Alison L. Sprout. They were written by Fefer, Joel Dreyfuss, and Jaclyn Fierman.

Otha B. Chandler Jr. 50, a senior loan officer at Savers Federal in Little Rock, Arkansas, ignored regulations that cap loans to a single borrower and handed out $20 million -- 55% of his thrift's portfolio -- to just two Little Rock developers. Chandler, who goes by ''Buddy,'' broke the law again by covering up his folly. The loans, which financed a failed Mississippi condo project and the purchase of a private jet, among other things, all went bust. Prison sentence: four years.

Robert Luera 48, proprietor of a Mexican restaurant in Redding, California, exaggerated his income to get a $135,000 home loan. A good sport, he had the FBI investigator in for a meal after his case closed. One year probation.

Janis Lee 48, a clerk in charge of handling new customer accounts at Surety Federal Savings Bank in Vallejo, California, skimmed some $100,000 for herself from dormant accounts. She is awaiting sentence.

Luann Price Brent Price Luann, 42, a loan officer at Eureka Federal S&L in Eureka, California, and her husband, Brent, 43, kited $2 million in checks between Eureka and a Utah bank. Four years each.

Roderick D. Reed 42, president of FirstSouth Savings in Pine Bluff, Arkansas, used the accounting equivalent of steroids to beef up his thrift's balance sheet. He recorded as loans $8.5 million given a Dallas developer that should have been treated as investments, since that money carried no recourse to the borrower. But by concealing this arrangement from examiners and auditors, Reed was able to book fees and interest that nearly doubled FirstSouth's income. His alleged co-conspirator, FirstSouth Chief Executive Howard J. Wiechern Jr., is awaiting trial. Reed got 2 1/2 years.

Robert Mikkelsen 53, executive vice president of Baldwin County S&L in Robertsdale, Alabama, pushed through a $1.5 million loan for three business associates, supposedly to develop a marina on a piece of swamp known as the Quarantine Property. But as Mikkelsen knew, this boggy site -- where turn-of-the-century passenger ships let off people with infectious diseases -- was worthless. The loan went bust. The three were acquitted. Mikkelsen got one year probation.

John Latham | 36, president of Madison Guaranty in Little Rock, Arkansas, tried to hide from bank examiners a $500,000 nonrecourse insider loan that had been made to take a warehouse off Madison's books. Six months.

David Mason III 59, a director at the Bank of Amadore in Northern California, kited checks between his thrift and Washington Savings in Jackson, California. He paid back the $450,000 that the Jackson thrift lost. On probation.

Martin R. Mortimer and Ance Marlin Sutton Mortimer, 38, executive loan officer at Pima S&L in Tucson, Arizona, was nailed for accepting a $12,000 thank-you check from a Denver loan broker. But federal investigators estimate that, altogether, Mortimer made some $30 million in fraudulent loans at Pima. Sutton, 50, a California real estate developer, also slipped Mortimer a $10,000 ''gift'' while seeking Pima loans. Sutton later claimed that his bribe had been a loan. Each got five years in prison.

Robert M. Snyder 31, an agent for Advanced Auto Leasing of Scottsdale, Arizona, helped 18 clearly deadbeat customers get loans by filing phony information with various S&Ls. Snyder is awaiting sentence.

Janet McKinzie 41 (right), executive assistant to the chairman of North America S&L of Santa Ana, California, was the ringleader in a scam that cost her thrift $16 million. Working with David Morgan, 53, a real estate investor, she set up a fake escrow account and then submitted phony invoices to get funds for her own use. Secretaries Victoria Walker, 48, and Kathleen Taormina, 33, provided the paper trail. When caught, McKinzie was ordered to pay back $13,445,369, which matched the $10 million plus interest she had collected from the insurance policy of Duayne Christensen, the thrift's chairman. Christensen, who colluded with her, died before charges could be pressed. McKinzie got 20 years; Morgan, one year and a day. Walker, who sang to the feds, got only 90 days; Taormina, community service and a $5,000 fine.

Stephen Croff 42, chief loan officer at Gold River Savings in Carmichael, California, invented four fictitious borrowers and lent himself $198,000 to open a pizza parlor. Croff, who paid the thrift back, got probation.

David Holder 37, managed to cash $168,000 in bad checks at American Savings in Sacramento, California, before striking out on his third visit. While awaiting sentence, he was picked up again for a similar offense. One year. | John Steven Bracy 44, president of Unifirst Federal in Trumann, Arkansas, loaned two business associates $500,000 more than they needed. All $500,000 soon found its way back into Bracy's pocket. Three years.

Lori Ann Schaefer 26, a loan officer at American Savings in Stockton, California, made secret loans to herself -- each large enough to pay off the last. When she lost her nerve, she had dug a $128,000 hole. She got 15 months.

Harlan Wolfe 61, a real estate appraiser, overvalued a $225,000 house, got a loan, and funneled the extra $500,000 to a cash-starved fireworks company. The lender, a California thrift, recovered its money. Awaiting sentence.

Robert Joseph Hyde 61, an insurance agent, stole the savings of an old woman whose money he was managing. Hyde forged her signature on a check for $168,000 at Sacramento Savings & Loan in Woodland, California, and disappeared in October 1989. Last June, Hyde was featured on the Fox Television program America's Most Wanted. He was picked up days later in Oklahoma City, where he had been working at an employment agency under an alias. Not yet sentenced.

Steven Curran 42, worked hard to keep his boat business afloat. Among other things, he kited checks and got loans under false pretenses. He bilked Westwood (California) Thrift & Loan of $150,000 and awaits sentence.

Michael S. Moers Arthur M. Pastel Moers, 39, chairman of Brookside S&L of Pasadena, California, and Pastel, 64, the vice chairman, sold property to their thrift through a front man. The real estate ranged from a 322-unit apartment complex in San Antonio to property in Nevada. In one case, Moers and Pastel altered board minutes to hide their involvement. Moers also secretly collected commissions for land deals from another California thrift. Both men are awaiting sentencing.

Richard J. Mariucci 32, branch manager of Gibraltar Federal in San Francisco, oversaw some very large deposits. He used his position to help himself to $3.4 million and spent it on gambling and raising racehorses. Twenty-seven months.

Hans J. Leuschner 51, vice president of Adobe Savings in Concord, California, kited checks between Adobe and another Concord bank to keep his restaurant business running. Five years probation.

Anthony M. Essex 33, former VP and loan administrator of Founders S&L in Los Angeles, vastly + overstated his income to obtain a $121,500 mortgage. He also helped business associate Janet Caldwell, 52, fake her application and approved a loan of $50,000 for her. The thrift later managed to recover its loan loss plus interest by selling Essex's house. Six months in prison, 640 hours of community service, and $8,000 in restitution for him. Caldwell got three years probation and 400 hours of community service.

Henry Schneider Steven Smith Walter Vladovich Vladovich, 56, owner of a video store in Riverside, California, defrauded Westlake Thrift & Loan of $4 million. He and his salesmen -- Jerry Tulak, 30, George Louyza Sr., 53, and George Louyza Jr., 26 -- gave away equipment to recruit straw borrowers and kept the money from the loans for themselves. Smith, the thrift's president, was in on the scam. In a separate scheme, Vladovich bribed Schneider, VP at First United Federal of San Francisco, to win approval for $556,269 in nominee loans. The money flowed into Vladovich's pockets. Four years and a $50,000 fine for him; two years and $20,000 for Smith. Schneider got three years and has to repay $32,000. The Louyzas got 90 days and $10,000 fines. Tulak got six months and $20,000.

Daniel Burkhart and Gina Loren Loren, 54, an investment manager, Burkhart, 43, a stockbroker, and Charles Lusin, 57, an attorney, conned California thrifts, individuals, and an order of nuns out of $4.1 million. Loren promised victims their money would be held in a trust secured by U.S. Treasury notes. Instead, it went into a margin account at Burkhart's brokerage and was spent on luxury cars and a $1.6 million home in Orange County. Loren got six years; Lusin, five; Burkhart, four.

Walter Nicholas 36, of Chico, California's American Savings, rerouted elderly investors' nest eggs to an unsuccessful Nevada City business venture, then tried to recover by buying hundreds of state lottery tickets. Twenty months.

Hermit Butler 52, took part in a massive money-laundering scheme. He withdrew $285,000 in cashier's checks from Citicorp S&L of Torrance, California, knowing that the money wasn't there. Not yet sentenced.

Marcel Cordi 48, a developer, hid behind 38 straw buyers to get $2.6 million in home loans from Sacramento's Great Western Savings. But the thrift lost nothing, thanks to the frenzied 1988 housing market. Six months.

Thomas Brian Carter 37, used a falsified tax return that exaggerated his income to secure a $190,000 residential loan from Great Western Savings of Redding, California. He is currently appealing his four-month prison sentence.

Michael S. Scherzer 46, a California devel oper, borrowed $2.6 million from E.F. Hutton and three thrifts, ostensibly for real estate deals. He spent the money instead on polo ponies and expensive cars. Sixteen years.

Mariana Abella Emelita Carino Bruce Li Abella, 40, Carino, 40, and Li, 31, worked at Grand Wilshire Group of Glendora, California, an umbrella organization for car dealerships and auto- financing companies that catered mostly to Filipino immigrants in the Los Angeles area. They joined co-workers Erlinda Relosa, 43, Ramon Relosa, 44, Evangeline Zapido, 43, Francisco Villasenior, 54, and Greg Mangalindan, 30, in a complex scheme to misrepresent auto loans and falsify credit records in loans that Grand Wilshire sold to various thrifts and banks. Imperial Savings Association of San Diego, one of the many victims of Grand Wilshire, took a $50 million hit out of a total of $130 million lost by S&Ls, banks, and investors. The eight are awaiting sentence.

Daniel W. Dierdorff 54, CEO of Sun Savings in San Diego, issued bank checks to himself under a fictitious name. Dierdorff (that's his lawyer on the left) created a secret account under yet another name into which he deposited some $200,000 of unknown origin. At sentencing, the judge took into account other incidents of Dierdorff's ''misconduct'' that were not charged but were ''found to be substantiated'' and that prosecutors say resulted in a loss to Sun Savings of some $13 million. Dierdorff was sentenced to six years in prison.

Peter Frumenti Ted Mussacchio Mussacchio (left), 56, president of Columbus Marin S&L in San Marin, California, lied to his board about a loan he gave to his friend, Frumenti, 64, a contractor. Both got probation.

John L. Molinaro and Donald P. Mangano Sr. Molinaro, 49, chairman of Ramona S&L in Orange, California, and Mangano, 53, ex-business manager of singer Jose Feliciano, used 25% of the S&L's assets to build a 180-unit condo in Palm Springs. When only seven units sold, they found straw men to borrow $30 million to buy the condos and sign them over to Mangano. The bank lost all $30 million. Both men are responsible for restoring $6.7 million. Molinaro, 12 years in prison; Mangano, 15 years.

David Butler 46, was chairman and president of Bell Savings & Loan of San Mateo, California. He helped an associate, who was not convicted, get a $3 million loan for a real estate deal in which Butler had an interest. Two years.

Jerry F. Waddell 51, vice president of Southern Florida S&L in Sarasota, used fictitious names to loan himself $300,000 for a house in ritzy Longboat Key. Ordered to provide full restitution, he has so far paid $100. Six months.

Kipi Elaine Martin 39, took $48,729 in loans from two Florida S&Ls and a bank by faking identities and filling out various phony documents. Martin was ordered to make restitution and sentenced to six years.

Joseph Harding 59, and fellow salesmen Herman Dennis, 48, and Abraham Hobson III, 42, recruited friends as straw buyers of time-share condos in St. Petersburg, Florida. Two thrifts took big hits on the loans. The three got probation.

David Kelly Brewster 48, used phantom shares of stock as collateral for $550,000 in loans from Amerifirst Bank, West Palm Beach, Florida. He was ordered to pay back $60,015. He got 15 months and three years supervised release.

Jay and Leif Soderling Jay (left), 31, and brother Leif, 36, formerly the two top officers at Golden Pacific Savings & Loan in Santa Rosa, California, pleaded guilty in 1987 to misapplying the funds of their failed thrift and were ordered to pay several million dollars in restitution. Instead, while on probation after a year in prison, the Soderlings used funds from a promissory note that had come due to go on a $500,000 spending spree. The second time around, the judge slapped them with six years each.

Robert M. Pitts 49, owner of Pitt Stop service stations in New Haven, Connecticut, kited checks between two savings and loan accounts. He ultimately stuck Connecticut Savings with a $475,000 loss. Not yet sentenced.

David A. Feldman and Kenneth Rogers, both 51, George Charles Ash, 46, of the National Mortgage Equity Corp., and Mary Brown, 57, a Bank of America branch officer in Los Angeles, sold $144 million of risky mortgage-backed certificates to 20 financial institutions. They included City Federal S&L of Birmingham, Alabama, and Umpqua S&L of Roseborg, Oregon. As trustee, Bank of America lost $95 million. Feldman, 15 years; Ash, two years; Brown, five years probation; Rogers is awaiting sentence.

Otto E. Joyner 48, a manager with Collective Federal in Egg Harbor, New Jersey, certified that work was completed on a Florida condo the thrift financed. The builder went bust, but Collective recouped. Joyner: three years.

Ronald Jacoby Simon Abelson Daniel Jessup Jacoby, 47, a former S&L president, Abelson, 33, and Jessup, 39, set up a straw mortgage scheme to get loans for condominiums from First Federal Savings and Loan Bank of Newton, Kansas. Jacoby must pay back $35,000 and serve 15 months in prison; Abelson must pay $20,000 and serve five years probation; and Jessup must pay $20,000 and serve five years probation. Abelson and Jessup must also serve 800 hours of community service.

William J. Hortman 52, president of First Federal Savings in Americus, Georgia, used a nominee loan from another Georgia thrift to buy a Florida condo unit from his own bank at an insider price. Three years probation.

Richard P. Erickson 37, owner of Vermilion Contracting, enticed homeowners to finance improvements -- and make extra bucks -- by applying for loans to cover the exaggerated cost of work he did on their homes. An Illinois thrift lost $261,000 on defaults. Erickson got one year. Other Vermilion employees -- Douglas Macklin, 47, Lloyd Lucas, 40, Louis Meier, 53, Donald Poggendorf, 52, Gary Smith, 42, and Sandra McDougal, 32 -- got sentences ranging from 240 days in prison to three years probation.

Edgar A. Vales 59, a construction contractor, lied about his outstanding obligations to qualify for a $43,000 loan from Liberty Federal of New Port Richey, Florida. He promised to pay back $15,000. Awaits sentencing.

James Reagin 55, majority owner of McRea Inc., a real estate development company in Dallas, pleaded guilty to six counts of fraud including schemes to raise money through a land flip and fraudulent loans. His co-conspirators included Gary Spaniak and Norbert Murray, partners in a shopping center development company; Timothy Heuer, owner of First Savings of South Beloit, Illinois; and Alan Kirchner, president of the Bank of Alma in Alma, Wisconsin. All five men are awaiting sentence.

Vickie Pace John Tucker Pace, 41, and Tucker, 31, used names of creditworthy -- but dead -- people to get loans for buyers of their mobile homes. Several Georgia institutions lost a total of $120,000. Two years each.

Sherilane Sears 29, branch manager at First Federal in Indianapolis, used the convenience of automated teller machines to withdraw $27,000 from dormant customer accounts. She got five years probation.

Mary Feezel 47, assistant treasurer at Elgin Federal Financial Center in Elgin, Illinois, used a computer to embezzle $597,657. She bought two cars, took vacations, and paid for her kids' wedding receptions. Three years.

John R. Forbes 50 (left), real estate developer and former Florida state legislator, got a $750,000 loan from First Federal of Jacksonville for a 10-unit condo project. When construction costs mounted, he, architect Harvey M. Manss, 43, and contractor Michael W. Miller, 44, reduced spending -- they cut out swimming pools and downgraded appliances -- without telling the thrift. First Federal got stiffed. Six months for Forbes and Manss; three years probation for Miller.

Terry Stough and his wife, Nancy, lured buyers to their condo with promises to refund down payments. The condo went bust. California Federal of Marietta, Georgia, and others lost a total of $1 million. Two years probation.

Peyton Johnson 48, a salesman, inflated the purchase price of two rental properties and filed false credit information to get $301,500 in loans. He stung Citicorp Savings of Florida in St. Petersburg and a Tampa thrift. Awaits sentencing.

Richard Keane 30, a developer, submitted false preconstruction sales contracts so he could draw on hundreds of thousands of dollars in loans from American Pioneer Savings in Stuart, Florida. Fifteen months.

Levon Dempsey Jr. 36, controller at Permanent Federal in Evansville, Indiana, laundered $81,000 of the thrift's money through a friend's account into his own. Said he: ''I needed it to support my suburban lifestyle.'' One year.

Jon V. Karas 46, fraudulently borrowed $100,000 from eight Illinois banks and thrift institutions. He was ordered to pay $90,000 in restitution and was sentenced to two months in prison plus five years probation.

Bruce Narbe 38, got $700,000 from Ameriana Savings in Greenfield, Indiana, for his golf cart store, then used the money to pay off old debts. When default came, there % were no carts to grab. Six months in a halfway house.

Oscar Tharp and John O'Donnell Tharp (left), 41, head of First Mutual Savings in Pensacola, Florida, and executive VP O'Donnell (right), 42, took 1% to 1.5% kickbacks on some $90 million in loans they made through brokers Porter Spangler, 49, and Larry Morris, 56, to developers such as Robert Hayden, 53. The loans, which were for condo projects and rehabs in Atlanta, all went bad. Tharp and O'Donnell got 12 years; Spangler only 90 days. Hayden and Morris got probation.

Arthur Kick 63, was president of North Chicago Federal Savings & Loan. He was nabbed by the government for misappropriating loans totaling $1,218,460. Kick made full restitution and was sentenced to three years probation.

Renato F. Duarte 27, was an employee of Citicorp Savings in Chicago. He used unauthorized ATM cards to raid customer accounts of amounts totaling $119,000. Duarte was sentenced to five months in prison.

Richard Kukielski 51, was president of West Town Savings & Loan Association in Cicero, Illinois. In a sleight of hand reminiscent of Cicero's mobster past, Kukielski tried to walk with a cool million. Awaits sentencing.

Morris McCleary Jr. 49, president of Home Plan Savings in Johnston, Iowa, converted $1.95 million of his customers' money, much of it held in jumbo certificates of deposit, to his personal use. He gambled it away on sports. Ultimately, he turned himself in. Says the prosecuting attorney: ''Maybe McCleary's conscience got the best of him. That happens now and then.'' He was sentenced to 30 months in prison and 135 hours of community service, plus full restitution.

Fred L. Langford 64, CEO of Palmetto Federal in Palmetto, Florida, specialized in sham transactions that kept his money-losing thrift looking profitable quarter after quarter. Typically, he would pretend to sell Palmetto's interest in real estate projects at premium prices while secretly providing all the money for the deals to the buyers. When Goldome Savings of Buffalo, New York, bought out Langford and other Palmetto shareholders in 1983, Goldome took a bath. Three years.

Paul Chainey Jr. and Walter Judd Kassuba Kassuba, 56, a Houston developer, started borrowing from First Federal of Beloit, Kansas, in the early Eighties. Chainey, 46, who headed up Texas lending at the thrift, took kickbacks on the loans. While the loans were made ! for real estate deals, Kassuba shuttled some of the money elsewhere. Part went for making a movie in Hungary -- yet to be released. All of Chainey and Kassuba's joint deals flopped. Kassuba got six months in jail. Chainey got two years.

Malcolm Crow Robert Farmigoni Crow, 40, senior VP at First Financial in Lutcher, Louisiana, arranged for some $10 million in loans to real estate broker Seaborn R. Wicker, 57, all of which defaulted. Wicker, in turn, provided Crow with a Lincoln Continental, a condo, and at least $25,000. Nearly broke now, Crow is doing five years probation; Wicker is appealing his conviction and three-year sentence. Farmigoni (above), 54, took over Crow's job after he left to work for the FSLIC. He then supplied Loretta Lustig, 54, with $5 million in unauthorized letters of credit, which she used to get real estate loans. She slipped Farmigoni $50,000 in return. The FSLIC finally forced First Financial to merge with another thrift in 1987. Farmigoni and Lustig each got three years.

David H. Stewart 40, a real estate developer with a previous mail fraud conviction, obtained $52,000 in loans from Capital Union Savings of Baton Rouge with false financial information. Stewart was sentenced to ten years.

James D. Hague a director of Liberty Federal in Leesville, Louisiana, sold the thrift to buy his Wichita Falls, Texas, shopping center for 200,000 shares of Liberty stock. He presented a jumbo appraisal but failed to mention that the center was not meeting its debt service. Shortly after Hague became Liberty's 86% shareholder, management announced a dividend that netted him just shy of $1 million. Hague, not yet sentenced, is cooperating with federal investigators.

James Hershberger 59 (with wife, Sally), a prominent Kansas oil man, once planned to run for governor of his home state. But last February he was found guilty on 25 counts of fraud. Among the victims was Fidelity Savings of Wichita, bilked out of a $600,000 loan because Hershberger lied about his net worth. An accomplished track-and-field man, Hershberger appeared on a Wheaties box in 1986. He got nine years and seven months. Dyrk J. Dahl, financial VP at Hershberger's firm, executed his schemes and got two years.

William Smith Jr. headed a unit of First Federal of Alexandria, Louisiana. He pocketed fees on mortgages he never made. Thrifts that lent construction money on the basis of his promises lost $1 million. Four years.

Ralph A. Hosch 46, president of Audubon Federal in New Orleans, greased the skids for a $12 million loan. In gratitude, loan broker John E. Hodges, 48, wired him $95,000. Hosch got eight years; Hodges, four months. Ronald P. Slepian, 58, an attorney and broker, participated in a land flip that sent the price of some Alabama acreage soaring from $500,000 to $1.5 million. Crescent Federal of New Orleans lent $1 million on the property, and the participants divvied the dough. Slepian got two years.

Louis J. Sider Jr. 43, mortgage broker, defrauded Elmwood Federal in Harahan, Louisiana, by selling off mortgages and pocketing the money. He created some 50 bogus notes to conceal the sales. Twenty-seven months.

Peggy Byrn 47, got her employer, Kentucky's London Federal, to pick up the tab when used- car dealer Leon Chambers, 56, her then-husband, bought 18 vehicles at an auction. Byrn got one year; Chambers, five.

Leonard Villines 39, secretary and treasurer at Madisonville Building & Loan in Madisonville, Kentucky, used a $15,000 CD as loan collateral twice. He forged a copy to dupe his own thrift. Not yet sentenced.

George Bonfanti and Gerald Fackrell In 1984 Fackrell, 44 (left), and Bonfanti, 45, borrowed $20 million from Sunbelt Federal Savings of Baton Rouge to build a local apartment complex and a six-story office building. The projects were never completed, although the borrowers lied about the progress to the thrift and drew up a phony lease agreement. They also fabricated construction fees. Bonfanti and Fackrell eventually defaulted; the loss to Sunbelt Federal topped $12 million. Bonfanti was sentenced to five years in prison. Fackrell got six.

Linda Powers, Michael Jimison Powers, 38, an employee of Northeast Savings in Stoughton, Massachusetts, used her desktop computer to transfer nearly $300,000 into her own account. She paid back 80% but still got a year in prison and two years probation. In another Massachusetts case, Jimison, 33, kited checks totaling some $37,000 that crash-landed at Ipswich Savings. When the dust settled, the bank was out a few grand, and he was in the cooler for 30 months.

Jack Lee Odom Michael R. Snyder Mary Jo Lickiss Odom, 50, president of Sioux Valley Savings in Cherokee, Iowa, siphoned off at least $1 million of the thrift's fees to his own account and took kickbacks from Colorado developers. He also set up a slush fund used to shore up bad loans when thrift examiners came calling. Odom got six years. Snyder, 36, the thrift's vice president, pleaded guilty to pocketing a $7,000 mortgage insurance check, then helped federal prosecutors nail Odom. His reward: a sentence of 45 days. Lickiss, 41, Sioux Valley's secretary and treasurer, altered the minutes of the board of directors' meetings at Odom's behest to show that the directors approved loans they had in fact never heard of. Lickiss got 80 days.

Vincent Crupi, Cynthia Lawrenson, Valerie Rydell, Peter Savard These loan originators, 30, 32, 27, and 30, respectively, worked at ComFed Savings Bank in Lowell, Massachusetts. They boosted commissions $200,000 by approving loans to unqualified borrowers and by other schemes. Rydell changed a one to a seven on an applicant's income statement. He got two years probation. Savard got 30 days in jail, $17,000 in fines and restitution. The others await sentencing.

Ronald Anzivino, Carmen Guarnera, Joseph Motroni Motroni, 42, vice president at First American Bank for Savings in Boston, took kickbacks on loans funneled into the bank by Guarnera, 52. For fees of $1,000 and up, which he split with Guarnera, Motroni lent to the uncreditworthy. One repeat customer was Ford dealer Anzivino, 46, who borrowed for himself and unqualified car buyers. Anzivino got ten months in prison. Motroni, 18 months; Guarnera, 24 months.

Henry Leo Ewald Entrepreneur Ewald, 48, forged his way to a $6.5 million mortgage from First Federal of Pontiac, Michigan, on an apartment building he didn't own. He did meet interest payments. Thirty-seven months.

Kent Higdon C.W. Jackson Higdon, 38, vice president at First Southern Savings in Pascagoula, Mississippi, misstated collateral on loans to Jackson. Higdon awaits sentencing. Jackson got probation.

George McLemore 40, a customer at Eastover Bank for Savings in Petal, Mississippi, kited checks to the tune of $173,542. The judge decided to give the highflying McLemore four months in prison.

Rebecca Killen 48, assistant manager at Unifirst Bank for Savings in Philadelphia, Mississippi, kited $80,000 of checks among 17 customer accounts, forging signatures as she went. Sentenced to nine months in jail.

Megan McDonald Lee Welch Welch and wife McDonald, both 26, used phony documents to apply for $6,045,878 in loans from dozens of banks and thrifts. Welch got 6 1/2 years; Mcdonald, six months.

Edward Dacy James Porter Julian Seidel First Maryland Savings & Loan President Seidel, 55 (above), senior vice president Porter, 43, and outside counsel Dacy, 52, cost taxpayers some $60 million by approving risky commercial loans and failing to submit them for regulatory review. When the bank faced a net-worth crunch, the three sold millions in First Maryland debentures and lent investors the money to buy them. Seidel got 12 years; Porter, seven years; Dacy, 18 months.

Neal Dellocono Robert Fuhrman There was a whole lot of trouble at River City Federal in Baton Rouge, Louisiana. President Dellocono, 50 (right), couldn't lure buyers for condos he owned, so he required no down payments and River City lent them the full purchase price. In a separate case, Fuhrman, 44, a developer, borrowed $400,000 for a real estate project. He spent the money elsewhere. Dellocono, privy to his plans, pocketed $104,000 in kickbacks. Dellocono got four years; Fuhrman, three.

Clinton Mayes Jr. 39, manager of State Mutual Federal Savings & Loan Association in Jackson, Mississippi, pretended to make loans to customers while taking the money -- a total of $134,000 -- for himself. One year in prison.

Linda Shunk Philip Shunk Mrs. Shunk, 40, president of Republic Bank for Savings in Jackson, Mississippi, and her mate, 39, the ex-president, made unauthorized loans. Loss: $72 million. Await sentencing.

Donald Snede 40, CFO of Midwest Federal in Minneapolis, one of five indicted officials at Midwest, admitted he doctored the books, enabling Midwest to sell debentures when it was virtually insolvent. Awaits sentencing.

Sharon Newbill 54, a vice president of First City Federal Savings & Loan in Lucedale, Mississippi, acquired $19,000 in new bills by embezzling from First City. Newbill was sentenced to a crisp three years probation.

Sandra L. Payne 31, a vault teller, helped herself to over $100,000 in cash from Blue Valley Federal in Raytown, Missouri. Her fatal error: taking a vacation, which is when banks typically audit their tellers. Five months.

Janice Miller Timm Miller * Timm, who worked at an S&L outside Reno, Nevada, and wife Janice, who toiled in a nearby bank, wrote each other phony checks, pocketing $120,000. Six months for him; she got probation.

Estela Plaza Alfonso Tardy Plaza, a loan clerk at Washington Savings in Hoboken, New Jersey, and realtor Tardy, 33, made off with $2.9 million in loan checks. Tardy to be sentenced; Plaza on probation.

James W. Burge 40, vice president and manager of the consumer loan department at Magnolia Federal Savings & Loan in Hattiesburg, Mississippi, stole some $33,000 from the thrift. His sentence: 1 1/2 years in the slammer.

Richard D. Hollon 41, a bookkeeper at Investors Federal in Chillicothe, Missouri, made 64 transfers of thrift money to his personal accounts over a year and a half. He was caught, like Payne, while on vacation. Ten months.

Larry Kopp Stuart Sherer Kopp, 45, a New Jersey developer, had employee Sherer forge leases and rent rolls to secure a $14 million loan on a mall from Ensign Federal in New York City. Both await sentencing.

Anthony Smith a borrower at Chatham Savings & Loan Association in Chatham, New Jersey, kited checks totaling $342,000. This highflier was brought down with a sentence of four years probation and a $10,000 fine.

Alice Skidmore 39, assistant branch manager at Nassau S&L in New Jersey, made almost 50 loans to herself in the names of customers with inactive accounts. Mounting interest payments finally did her in. One year.

George Morse president of Ramsey's S&L in New Jersey, pleaded guilty to issuing an $18,000 bank check in a customer's name and cashing it for himself. Morse also embezzled an additional $100,000. Two years.

Eugene R. Unger 63, vice president, Fidelity Mutual in Westmont, New Jersey, bilked his thrift of some $6 million over 16 years. He covered his tracks by altering records and creating phony accounts. Awaiting sentence.

Bruce M. Bloom 44, CFO of a New Jersey textile firm, got a $52 million loan by overstating his accounts receivable. The company went bust, and Citizens Savings of Providence, Rhode Island, was a victim. To be sentenced.

Vladimir Kushner 38, a New York City meat and poultry wholesaler, dipped into the passbook account of an infirm neighbor and turned the money into gold coins, which he ) had mailed to himself. Kushner was sentenced to 2 1/2 years.

Judy P. Crawford vice president of operations at Home Federal of Kings Mountain, North Carolina, created a false loan worth $263,350.35 and disbursed the money to her own and family accounts. Fifteen months.

Richard Paul Tan 44, stole blank checks from two investment banks where he worked as cashier and deposited $430,000 in New York thrifts. Arrested while applying for a job at Shearson Lehman, he's in jail awaiting sentence.

Cel Celaj 27, altered a certified check for $230 to read $230,000 and used it as a down payment on his $810,000 home. A loan officer at Dime Savings gave Celaj a mortgage for the balance. Sentence: two years.

Carl Cardascia Ronald Martorelli Michael Rapp Cardascia, president of Flushing Federal in New York, and Martorelli, an assistant vice president, loaned $5 million to World Wide Ventures, a holding company, in exchange for some of its stock. World Wide said it planned to develop land in the Pocono Mountains into Jilly's Resorts, named for Frank Sinatra crony Jilly Rizzo (bottom), a major World Wide shareholder. In exchange for the loan, World Wide gave 100,000 shares to Cardascia's wife. Rapp, meanwhile, funneled millions in brokered deposits to Flushing Federal in violation of Federal Home Loan Bank Board restrictions. Cardascia, two years; Rapp, two to five. Others convicted include Lorenzo Formato (top, right), president of World Wide, five years; Anthony Delvecchio, Gabriel Peluso, and Rizzo, all World Wide shareholders, who await sentencing; chairman George Livieratos (top, left), probation; treasurer Donald Sheppard and director Mark Bateman await sentencing; nominee borrowers Anthony Maggaro, one year, Frank Nigrelli, probation, William Smith, probation, Lionel Reifler, awaits sentencing.

David A. Friedmann 45, owner and CEO of Savings One in Gahanna, Ohio, pushed through a $1 million loan to a shady Miami Beach developer. Five days later, $145,000 of the loan found its way back to Friedmann. Yet to be sentenced.

Charles J. Bazarian Jr. 54, chairman of CB Financial Corp. in Oklahoma City, borrowed $6 million from Consolidated Savings Bank of Irvine, California, and pledged as collateral $11 million in investor notes he knew were bad. His schemes also involved Wilshire Investment, which offered real estate tax shelters, and American Diversified Savings Bank of Costa Mesa, California. Consolidated lost at least $9.5 million. Sentenced to four years in prison.

Rebecca L. Luker 50, a real estate agent, falsified collateral to borrow $10,000 from New Mexico Federal in Santa Fe. Says U.S. attorney William Lutz: ''She spent the money, and there is little to show for it.'' Four years probation.

Frances K. Crooks 40, sales officer at Buckeye Federal S&L in Columbus, Ohio, siphoned away some $103,000 of the thrift's funds. Defense lawyers claimed that she was suffering ''excessive stress.'' Six months.

Elizabeth James Helen Radovic Bulgarian immigrants Radovic, 66, and daughter Elizabeth, 38, used rubber checks written on various thrifts to buy luxury goods such as fur coats and jewelry. These were delivered by mail to their apartment in New York City. James was arrested while out window-shopping on Fifth Avenue. Each got two years in prison. In the future, they can apply for credit only with the permission of their probation officer.

Jacqueline Harris Gary H. Lewis Harris, 25, vault attendant at Central Federal in New York, and Lewis, 25, were caught in New Jersey with the contents of a safe deposit box. Eighteen months for her; 366 days for him.

Carol Lee Grimm purchasing agent for Perpetual Federal in Washington, D.C., bought $60,000 worth of office supplies from a New York vendor for $250,000 and got $15,000 in kickbacks. She also got two years probation.

John Czas 42, manager of a New York City branch of First Federal of Rochester, stole $307,172 from long-term CDs, shifting money in and out of accounts to avoid suspicion. He was sentenced to two years in jail.

Frederick L. Johnson impersonated his boss and cashed his $104,000 certificate of deposit at Bowery Savings Bank in New York City. Johnson was sentenced to six months in prison, followed by six months at a halfway house.

Carlos R. Rivera 52, befriended a rich old man with an account at First Nationwide in New York City. Rivera began doing the man's banking for him, and when he passed on, Rivera continued to avail himself of the deceased's account. There was a significant amount left for him -- $300,000 -- since the man had not executed a will. Rivera came into the bank once or twice a week for 18 months before bank officials got suspicious. Arrested while on his way to Honolulu. Sentence: one year in jail.

James Carr Carmen Clair Carr and his girlfriend Clair stole $128,798 in checks from the mail and paid holders of accounts at Dayton thrifts and banks to cash them. They are now awaiting their sentences.

Ronald Koos Thomas Nevis Brian Olsvick State Federal in Corvallis, Oregon, wanted to sell an abandoned Air Force base it owned in New Mexico. Olsvick, a State Federal loan officer, lent California real estate man Nevis $12 million to buy the base -- plus $16 million for other purposes. Nominee borrowers were employed to disguise the fact that State Federal was exceeding loan limits to a single individual. With Nevis nearly broke, State Federal lent him even more in an effort to keep him from defaulting. Ultimately, the thrift collapsed. Olsvick got a year; Nevis, two; Koos, the thrift's attorney, was sentenced to 1 1/2 years. Nominee borrower Ronald Campbell got two years. Six months each for fellow nominees Jack Franks, Mitchell Brown, and Albert Yarbrow.

Kenneth Derryberry 38, former vice president at Leader Federal Bank for Savings in Memphis, forged $201,931 in checks and deposited them in phony accounts. Internal security caught him. Slated to be sentenced on November 2.

Richard L. McCall 51, president of a chocolate company, borrowed $1 million from thrifts and banks by overstating net worth. Willamette S&L of Portland, Oregon, lost $195,000. McCall's just deserts: six months.

Laura Stawinski 32, former accounting supervisor with Spring Hill Savings & Loan in Pittsburgh, took $91,471.57 from customer accounts. She returned the dough before her indictment. Three years probation.

Charles B. Madding 32, VP and branch manager of Fidelity Federal Savings of Claremore, Oklahoma, embezzled from the thrift by creating $100,000 in fictitious loans. Five years probation and restitution of $75,000.

Earl E. Meyer 46, president and director of Investors Federal of El Reno, Oklahoma, obtained money through nominee loans. He was sentenced to 1 1/2 years in prison and five years probation. Restitution, $644,000.

Robert McMillan 47, branch manager at First Federal S&L of Pittsburgh, created a $46,000 phony account. Got 30 days at Goodwill community treatment center and home detention. The feds are appealing for more.

Fred Comunale 42, is the former president of Ellwood Federal Savings & Loan, which is in Ellwood City, Pennsylvania. He rubber-stamped $40,000 in loans to himself for which he did not qualify. Yet to be sentenced.

Edward Jolly Jr. assistant regional vice president and consumer loan manager at First Federal S&L in Spartanburg, South Carolina, purloined some $4.5 million of the thrift's funds by filing fictitious loan applications. Ironically called ''Rock'' (''If you looked up Caspar Milquetoast in the dictionary you'd see Jolly's picture there,'' says the prosecuting attorney), Jolly tested his nerves by playing the futures market with the stolen money. He lost everything. Two years and nine months.

Anthony DiGeronimo, George Shipman, William Walsh III Shipman, 49, a 25% stockholder in Victor Federal of Muskogee, Oklahoma, dodged limits on loans to major stockholders by giving friends money to buy much of his stake. One pal, DiGeronimo, 50, further defrauded Victor by exaggerating the price he was paying for a Holiday Inn and pocketing the extra loan proceeds. DiGeronimo got 1 1/2 years, as did Walsh, 38, who pulled a similar scam. Shipman got nine.

Janet Lawler 47, branch manager of Far West Federal in Portland, Oregon, borrowed money in the names of Far West customers, paying each loan off with another. She amassed $510,000. Awaits sentence.

James Irvine IV 31, assistant manager, Commonwealth Federal in North Wales, Pennsylvania, stole $200,000 by ordering cash for the bank vault, recording lower amounts, and pocketing the difference. Eighteen months.

Robert S. Candee 38, entrepreneur, wrote himself $470,000 in checks drawn on accounts that he and his wife had already closed. Two Rhode Island financial institutions lost $72,000 in the scam. Sentence: one year in jail.

Darlene Peters 51, vice president at the Britton branch of First Federal Savings of Watertown, South Dakota, created a fictitious loan to the county treasurer's office and spent the money herself. One year.

John R. Gaustad 36, head of Midland Mortgage Co. in Bismarck, North Dakota, financed fictitious mortgages through First Federal of Huron, South Dakota. The money went to shore up Midland. Sentence: 37 months.

Jerry A. Laughlin Robert G. May Laughlin, senior vice president, and May, vice president, of Home Federal in Albany, Oregon, falsified loan sales records to embezzle commissions. Five years probation for each.

James Piersoll III 26, a borrower at Peoples Savings Bank in Martin's Ferry, Ohio, falsified loan applications that totaled $142,059. Sentence: three years and one month in jail, three years probation, and full restitution of funds.

Martin Vickers 43, former vice president of Gill Savings in San Antonio, used bogus borrowers to raise some fast cash to play the stock market with his friend John Magan, 56. Vickers set up five straw-man loans at the thrift totaling $270,000. The two were exposed when the market washed them out. Vickers was convicted of making false entries and fraudulent loans, and sentenced to five years in prison. He was also ordered to make full restitution. Magan has been indicted and awaits trial.

James P. McClain 44, was president of First American Capital, a real estate subsidiary of San Angelo Savings & Loan of San Angelo, Texas. He and an associate split the proceeds from falsely inflated loans that were built up through a series of land flips. McClain filed for bankruptcy when he couldn't repay loans worth some $138 million. He was convicted of conspiracy to commit tax fraud and failure to report $2.3 million in income on the land flips. He is awaiting sentence.

THE VERNON SIX It takes a special effort for one group of felons to stand out in a crowded field. But these guys had the wrong stuff -- in spades.

Woody F. Lemons (right), 44, chairman of now-legendary Vernon Savings & Loan Association of Dallas, earned the spotlight the hard way: He stole it. Lemons led his band of thieves on a merry chase that few will ever match for sheer cupidity, not to mention stupidity. When Vernon finally failed in March 1987, it held a portfolio of loans that were 96% delinquent. Lemons was nailed for arranging an inflated loan to buy and develop property in Arlington, Texas. Half the $3.5 million loan was slated to make its way back to his pockets, prosecutors charged, though ultimately only $200,000 did. Lemons then tried to hide the money from bank examiners by disguising it as ''consulting'' fees. His sentence: 30 years.

Patrick G. King, 50 (left), Vernon's president, conspired with Pat Malone, 47 (bottom), president of Vernon's Dallas division, to reimburse his officers for $55,000 in political campaign contributions made with Vernon funds. Before ! he joined Vernon in 1983, King had been director of regulatory supervision for Texas S&Ls. Malone got three years probation and was ordered to repay the $55,000. King got five years and must pay $65,000 in restitution.

Then there are Vernon's slippery customers. Jack D. Atkinson, 54, a Dallas real estate developer, failed to mention when he applied for a loan that part of the money would go to pay rent on a beach house in Solana Beach, California, which was frequented by a senior Vernon official. Over three years Atkinson paid rent of some $600,000. James R. Veteto, 53, president of a Vernon subsidiary, was also privy to the scheme. Each man got a year.

Laurence B. Vineyard Jr., 41, a local businessman, had been paying other debts and expenses with a $12.7 million loan from Vernon since 1984. In June 1986 he used $2.6 million to pay $1.4 million in cash for a house in Dallas, to set up a trust for his kids, and for other personal expenses. Vineyard, who claimed the loan was for a stock purchase, was convicted of misusing the $2.6 million, ordered to pay it back, and sentenced to five years in prison. He is also serving a consecutive five-year sentence for a 1987 fraud conviction involving Key Savings & Loan of Englewood, Colorado.

Jerry Powell chairman and part owner of Sentry Savings of Lubbock, Texas, falsified documents in borrowing $2.7 million. Powell kept $100,000 and used the rest for interest on a real estate loan. Awaits sentence.

Robert E. Savage 40, chief financial officer of Caprock S&L of Lubbock, and others laundered $1.5 million to help mask the thrift's capital inadequacies. He was sentenced to five years probation and $70,000 in restitution.

Paul Sau-Ki Cheng and Simon E. Heath Cheng and Heath, both 36, were co-chairmen of Dallas's Guaranty Federal S&L. They used a false letter of appraisal in borrowing $10 million from the thrift on property in Jacksonville, Florida, allegedly worth $11 million. Cheng was convicted on ten counts including conspiracy, misapplication of funds, bank fraud, and wire fraud. Heath was convicted on 11 counts. Not yet sentenced, they face maximum penalties of 70 and 80 years, respectively.

Jimmy R. Hoffman 46, was a CPA and senior partner at Hoffman Raisch Fine & Co., a New York accounting firm. In 1986, Hoffman entered into a partnership agreement with executives at a real estate subsidiary of Independent American Savings of % Dallas. The group conspired to backdate documents to create $1.6 million in phony losses. Hoffman was convicted of creating a fictitious tax return. He awaits sentencing, which is being transferred from a Texas court to New York.

John H. Roberts Jr. 44, chairman of Summit Savings Association in Dallas, bought himself an airplane by means of a nominee loan. The judge deemed the action decidedly unbankerly and flew Roberts off to jail for five years.

Gregory C. Daley 39, was president of Richardson Energy, a subsidiary of Richardson Savings & Loan of Richardson, Texas, but apparently he didn't have enough to do. He ran a personal wildcatting business out of the company's office. Daley used a line of credit at the energy company to finance his operations and charged expenses to the S&L. Though the statute of limitations had run out on most of his financial finagling, he was still sentenced to two years and fined $5,000.

Allen W. Salah 29, was involved in a complex kiting scheme between Texas thrifts. His financial irregularities were uncovered only because the FBI was investigating Salah's automobile export practices. Thirty months.

Gordon G. Melcher 62, a director and loan committee member at Irving Savings Association in Irving, Texas, pleaded guilty to wire fraud and to causing false statements to appear in Irving's records. He got a six-month sentence.

Davey J. Hilling an engineer and contractor from the Pacific Northwest, bought control of Irving Savings Association in Irving, Texas, in 1983 and promptly ran it into the ground. He was convicted, however, of lending $2.7 million to a friend to convert an Idaho potato warehouse to grain storage. The friend paid off a $1 million mortgage on the spud sheds and passed $1.4 million back to Hilling, who used some of it to liquidate his own debts. He is appealing his five-year sentence. His pal got off.

Donald Robinson 27, a borrower at Sunbelt Savings of Burkburnett, Texas, forged checks. He got away with two for under $10,000 and one for $49,000. But he was nabbed when he went for $522,000. Fifteen months and a $3,000 fine.

David R. David 36, a lawyer, was part of a group that borrowed $16 million from Western Savings of Hurst, Texas, supposedly to develop land. Instead, they paid off $64 million in delinquent loans. Not yet sentenced.

Gary Lee Fradd Wade Patrick Hogan Hogan and Fradd, both 39, sold mobile homes in the west Texas oil patch. Andrews Savings & Loan near Midland financed their inventory of 31 homes. But the thrift didn't demand their certificates of title as collateral. So as the two merrily sold their inventory, they neglected to pay Andrews back. After missing several interest payments, they admitted that their financial statements were a mirage. By then, Andrews was out $572,562.68. Three years each.

James M. Holbrook a director of Summit Savings of Dallas, took $37,400 out of a customer's account in 1984 to make a payment on a Lear jet that had been leased by Summit's owner. He is awaiting sentence.

Pamila Genene Davis 30, an account manager at a subsidiary of Bank Plus Savings of San Antonio, embezzled from escrow accounts. That theft triggered losses estimated at $102,000. Two-and-a-half years and $98,000 in restitution.

Bennett L. Rosenthal Ralph E. Strader Mary Jane Wilson Strader, 51, and Rosenthal, 33, real estate developers in Houston, and Wilson, 58, their office manager, got a $17 million development loan from a local subsidiary of Sunbelt Savings. To get their hands on the money, the trio submitted invoices for architectural work from fictitious companies they set up, complete with mailing addresses and letterheads. Ten years for the two men; five years probation for Wilson.

Kenneth C. Hood 45, vice president of Western Savings Association of Dallas, made a false statement in connection with an $11 million loan he took out from -- you guessed it -- Sunbelt Savings. Five years probation.

Robert Bourgeois and Richard Crowe Crowe, 47, chairman of a real-estate-related subsidiary of Independent American Savings in Grand Prairie, Texas, and Bourgeois, 37, the subsidiary's vice president, backdated a limited partnership agreement. They also filed tax returns that included this false information. The backdating was part of a complex real estate scam that netted Independent American some $8 million in profit. The two conspirators are awaiting sentence.

Andrew J. Archuleta 44, owner with L. Scott Moore (right) of a Dallas construction firm, falsified invoices to mask the costs of a home he built for Joseph Smith, a loan officer at Sunbelt Savings. Three years probation.

Neil Digiammatteo operating partner for Lafayette Square, a troubled Texas-size shopping mall, % made false statements while trying to refinance a $4.3 million loan from Commodore Savings of Dallas. Six months.

Carl Gerjes 48, president of Delta Savings of Alvin, Texas, skimmed roughly $90,000 from commitment fees on $225 million in loans and used the money to pay bonuses to himself and a select circle of officers. Outside auditors had discovered this fraud. But Gerjes, according to the prosecuting attorney, had fended off the thrift's regular auditors when they raised questions about the bonus account. Five years probation and $68,800 in restitution.

L. Scott Moore 45, Archuleta's sidekick, was also entangled with Sunbelt's Joseph Smith (right). He agreed to accept a secret transfer of $125,000 to help Smith hide his income from the IRS. He is awaiting sentencing.

Richard Brevik 47, assistant VP with Alamo Savings of San Antonio, took a $65,000 bribe in connection with a $1.2 million loan to developer Ray McMinn (see next page). Four years and $463,000 in restitution.

Susan Petr Hulon a Texas real estate company owner, was nailed for significantly undervaluing her possessions when she filed for bankruptcy. San Angelo Savings was one of her bilked creditors. Four years.

Joseph R. Smith 35, Sunbelt Savings' ubiquitous loan officer, altered bank documents to hide his thrift's sorry state from regulators. The IRS also nailed him for not reporting the income Scott Moore tried to help him hide. Ninety days.

John Endicott 46, owner of a Houston truck repair business, used phony invoices to get loans, which served as collateral for more loans. The total: $2 million. Worst hit was Houston's Home Savings. Five years and a $40,000 fine.

Louis Rochester stockholder and board member of Odessa Savings of Odessa, Texas (flanked at left by his lawyer and his wife, Lois), pushed a $7.2 million real estate loan through his bank for a business partner, who was never charged. Soon after the loan was approved, the two men signed an agreement to buy the property together. Rochester was convicted of providing false entries and misapplying bank funds. Five years probation, a $10,000 fine, and $7.2 million in restitution.

Leo J. Niekerk 43, a developer, received a $3 million commission for selling some land financed by Sunbelt Savings. To shake off the IRS, he altered documents to make that fee appear to be a loan. Five years.

James Eakins David Gonzalez Leo A. Ladouceur Eakins, 45, a vice president at Surburban Savings in San Antonio, and stockholders Ladouceur, 37 (right), and Gonzalez, 34, borrowed $3.4 million from the thrift -- $1.2 million more than they needed for their stated purpose of buying real estate. The trio also orchestrated land flips that cost Surburban Savings more than $1 million. Ladouceur got 40 months; Eakins, 33 months. Gonzalez is awaiting sentence.

Mildred Mallet 50, vice president at First Savings of Orange, Texas, embezzled about $600,000. Appearing in court in a wheelchair, she was whisked off to serve six months in jail. Mallet also received up to five years probation.

Ned L. Ayers Donald Baucum Raymond McMinn Patrick Rosenauer Ayers, 53, VP of Alamo Savings of San Antonio, and attorney Baucum, 44, conspired with Rosenauer, 42, a VP at another bank, and McMinn, 38, a local real estate developer, in a land flip scam. The loans generated were used to cover other business and personal expenses -- and to pay kickbacks, such as $100,000 that McMinn gave Ayers. They each got ten years; Rosenauer, four years; Baucum, five years probation.

Bert Barton and Wallace Drayton These two cost Washington Federal of Seattle over $500,000. Drayton, 47, was a VP and loan officer at the thrift, one of the strongest in the state. His friend Barton, 43, owned Metroplex Fund Ltd., a loan broker. To grease the way for dubious borrowers to get $600,000 in loans, Barton gave Drayton a 10% kickback. The checks were made out to Billy Rose, an alias Drayton fashioned after his wife's maiden name, Billie Rose. Each was sentenced to a year and a day.

Merrick Leler and Vijay Parekh Leler, 38, senior vice president of Lamar Savings of Austin, Texas, conspired to make false entries in the thrift's records. To boost their thrifts' net worth, they warehoused assets with big borrowers until a legitimate buyer came along. Result: a loss of more than $11 million. Parekh, 59, Lamar Savings' vice chairman, was involved in a scheme to misuse nearly $16 million of the thrift's funds. He got five years probation and a $100,000 fine. Leler is awaiting sentencing.

Jeffrey L. Perdue 43, vice president of U.S. Credit Corp. of Virginia Beach, a home equity loan broker. To keep local thrifts as eager customers for his packages of loans, Perdue covered up defaults. The S&Ls lost $2 million. Two years.

Melvin G. Heide 61, a Seattle real estate developer, got overextended in the early 1980s. He made fraudulent statements to Shoreline Savings to get loans. The thrift's eventual loss: nearly $800,000. Three years.

John Harrell E. Morten Hopkins Robert Hopkins Jr. Robert Hopkins, 59, chairman of Commodore Savings in Dallas (top), brother Morten, 50, vice chairman, and CEO John Harrell, 56, (bottom) used bank funds to make illegal political donations to federal, state, and local candidates. They made false entries in Commodore's books to deceive examiners and used as conduits two other financial institutions the brothers controlled. Fifteen years for big brother Hopkins; five for the other two.

Robert Crump, Richard Randall, Jack Roberts Crump, 46, and Randall paid Savings of Texas vice president Roberts $100,000 to get a $3.5 million loan. The defendants claimed they lent Roberts the money to set up a golf club repair shop. As far as the jury was concerned, that landed them short of the green. Crump got five years and $1.5 million in restitution; Roberts, three years and $1 million. Both are appealing. Randall pleaded and got six months.

Roy C. Marshall 50, president of Lee Savings in Austin, believed in fast service. On the day his bank approved $365,000 in loans to two borrowers he received kickbacks from same. Three years and $500,000 in restitution.

Charles W. Kriegel 50, a director of Austin's Lee Savings, took a $100,000 kickback for helping a close business associate get a $2.4 million loan. The sentence he received: three years and a fine of $250,000.

Habib G. Hakim a Virginia condo developer, told buyers he put their down payments in escrow. But when his costs overran, he spent the money. Three years probation along with restitution of $417,938.50 to the condo buyers.

Joseph Casperone Francis Clark Clark bought 202 acres near Fort Worth for about $8 million. He and Casperone sold the land to limited partners who filed fraudulent loan applications to Investex Savings of Tyler, Texas. An appraiser in cahoots with the pair valued the plots at more than $42 million. Investex Savings lent over $33 million and went broke when the partnerships defaulted. Clark got eight years and agreed to repay $11 million; Casperone, six years and $3.5 million in restitution.

Sharon Baskerville 35, was a branch manager at First Colonial Savings in Dinwiddie, Virginia. From 1984 until she was caught in January 1990, she diverted $4 million from 106 customer accounts, principally cash that they paid for CDs. Roger Frydrychowski, the U.S. district attorney who handled her case, says that she splurged on, among other things, more than 100 Hummel figurines and clothes she stored in her attic with the tags still on them. Her fraud severely damaged the S&L. Her sentence: nine years, nine months.

Angelo J. Celesia Jr. Gilbert E. Holt Jr. Real estate developers Holt, 38, and Celesia, 42, raised money by kiting checks among several Virginia thrifts. In a single day in 1989 they deposited six checks for $410,000 at three Norfolk-area branches of Investors Savings. As established customers, they got immediate credit. But when the thrift noticed they were withdrawing $250,000 the next day, alarms bells went off. Virginia's Trustbank Savings lost $610,000. Not yet sentenced.

Aaron Angle David Hess Angle, 28, a loan officer at Guaranty Federal in Dallas, filed false documents in support of a home loan application from attorney Hess, 41 (right). They submitted a photo of a two-story Austin house along with an inflated appraisal; the property Hess actually owned was an empty lot down the street from the house in the picture. Hess ended up pocketing $138,000 in surplus loan proceeds, minus a $15,000 commission for Angle. Hess was sentenced to one year, Angle to 1 1/2.

James E. Angel 54, owner of Angel Manufacturing of Fort Worth, submitted over $1 million in phony invoices to Texas American Bank/West Side. The thrift lost $500,000. Sentence: five years and full restitution.

Barry S. Gillingwater 47, a major Austin real estate developer, participated in a $9 million kickback scheme in order to finagle loans from Sentry Savings of Lubbock, Texas. Gillingwater will be spending three years in prison.

Donald Lasater 39, double-pledged his imported cookie business as collateral for loans. When he went bust, American S&L of Salt Lake City ate $273,000; another Utah thrift swallowed $65,000. Awaits sentencing.

Eve Freedlander 63, was senior executive vice president of Freedlander Inc. (''The Mortgage People''), which made and serviced home equity loans. At its peak in 1986, Freedlander was the fourth largest such firm in the U.S., operating in 33 states. After making loans, Freedlander sold them to other investors, hiding the fact that as many as 25% were delinquent. Fannie Mae, for one, bought some $215 million of loans and has filed a $20 million civil suit against the bankrupt outfit; the case is pending. Says Stanley Joynes, lawyer for about a dozen aggrieved investors: ''The feeling has been all along that the company was a house of cards that collapsed.'' Freedlander, who filed for bankruptcy in 1988, is awaiting sentence. She could receive up to 15 years in prison and $750,000 in fines.

Frank Butler III and Owen Thornton Butler, 54, attorney for Landbank Equity in Virginia Beach, and accountant Thornton, 36, concealed delinquencies and inflated property values when they sold home equity loans to thrifts. Thirty-seven S&Ls lost some $45 million. Butler has begun serving an eight-year sentence; Thornton, six years. Landbank CEO William Runnells and wife Marika are on trial. They fled after they were indicted, but Runnells was found in Texas -- working as a hypnotist.

Mary Lynne Smith 42, head of a title company, provided false policies for real estate backing $3.7 million in loans from a Houston S&L. Her partner killed himself in jail before he could be tried. Five years and a $10,000 fine.

James Meriwether Richard Semrad Semrad, 42, a broker who led seminars on how to buy real estate with no money down, duped Republic Savings & Loan of Milwaukee with colleague Meriwether, 43. How? Simple. They said Meriwether had made a down payment when he actually had not. When he couldn't make the payments on the loan, the scheme was exposed. The estimated loss to Republic was $25,000. Semrad has been sentenced to six months in jail; Meriwether got six months on probation.

Charles A. Topalian 37, branch manager at Great American Savings in Bellevue, Washington, liked to play the commodities market. Awakened last March by a margin call, he cashed checks at his branch on some of his accounts at other banks and used the money to cover his shortfall. He then withheld the checks from the interbank deposit so that they did not clear. By the end of the month he was wiped out in the commodities market and found out at the job. His employer lost about $300,000. Fifteen months.

B. Paul Romero % 45, vice president of a subsidiary of Guaranty Federal in Dallas, persuaded his parent company to grant a $10 million loan on property that prosecutors said was ''grossly overvalued.'' Three years.

Jean Marie St. Gelais 55, a Canadian, set up seven oil and gas limited partnerships in Houston. He borrowed $15 million from Anchor Savings & Loan in Kansas City and Crossland Savings in New York, purportedly for drilling and exploration, and got backing for the loans from insurance companies. He used some of the money to buy a penthouse in Houston and to pay off old debts. St. Gelais was sentenced to 24 years in prison, fined $1 million, and ordered to pay more than $13 million in restitution. His son, Denis, is still a fugitive.

James Scarborough 49, a developer, bribed retailers to sign fake lease commitments. He then used these to get a $3 million loan to build a shopping mall. Milwaukee's First Federal Savings lost $1 million. Three years.