by Jack Greiner, Esquire
Hat tip: Sunshine Week
As a young lawyer, I worked for a little while on some of the litigation that grew out of the collapse of Home State Savings Bank (and much of the rest of Ohio’s saving and loan industry) in the mid-1980s. That’s not much of a surprise, since virtually every firm in town was involved in one way or the other. But it was an exciting case to be part of. I remember learning so much from some of the best lawyers in town. And I still recall Marvin Warner’s criminal sentencing.
Warner had been the head of Home State, and by the time the dust settled, he was about as popular as Old Man Potter from “It’s a Wonderful Life.”
Warner was convicted on a number of charges related to the debacle. When he came before Judge Robert Ruehlman for the announcement of his sentence, he got a taste of what the local folks thought of him. Among other pronouncements, Judge Ruehlman told Warner, who had owned a substantial horse farm, that “[w]hen I get through with you, the only horse you will be riding is one of those horses in front of the K-mart on the little merry-go-round.”