Guilty Plea: An insurance agency owner pleaded...
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Guilty Plea: An insurance agency owner pleaded guilty Tuesday for his part in defrauding Far Western Bank, a now-defunct Tustin institution, of $10 million during the late 1980s.
Roger Steele, 63, president of Roger Steele Insurance in National City, pleaded guilty to one count of conspiracy to commit bank fraud and one count of filing a false corporate income tax return. He faces a maximum sentence of eight years in prison.
A federal grand jury on Friday charged Steele and three other San Diego County residents with using a risky automobile-financing scheme to defraud the bank, which failed in 1990.
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