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By Marcia Myers and Marcia Myers,Sun Staff Writer | June 22, 1994
Tom J. Billman, the Maryland savings and loan executive who eluded authorities for four years after stealing millions from depositors, was sentenced yesterday to 40 years in prison and ordered to pay $25 million in restitution -- one of the toughest federal sentences ever for a financial crime in the United States.U.S. District Judge J. Frederick Motz acknowledged that the punishment was severe but said Billman's actions justified it.He cited a string of events: $29.5 million taken from depositors of Bethesda-based Community Savings and Loan; $22 million secretly wired to Swiss bank accounts; Billman's flight from the country in 1988; and his recent efforts from a Baltimore jail cell to maneuver about $6 million still in Europe.
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NEWS
By From staff reports | April 11, 1998
Judge takes 10 years off Billman's sentenceA federal judge shaved 10 years yesterday off the sentence of Maryland savings-and-loan swindler Tom J. Billman, who had been sentenced in 1994 to 40 years for stealing $22 million.Despite the lowered sentence, Billman's parole eligibility date -- March 1, 2003 -- remains the same, according to prosecutors in U.S. District Court in Baltimore. Billman is the former chairman of Community Savings and Loan in Bethesda who absconded with the institution's funds and fled to South America and Europe.
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NEWS
By Marcia Myers and Marcia Myers,Sun Staff Writer | May 26, 1994
Even from his jail cell, convicted financier Tom J. Billman has continued to mastermind an elaborate scheme to conceal millions stolen from his defunct Bethesda-based savings and loan, federal prosecutors said yesterday.Although Billman's attorneys have portrayed him as "hopelessly insolvent," prosecutors offered startling new evidence that he directed the movement of money in Europe and the United States -- even as he was awaiting sentencing on his April fraud conviction.Some financial maneuvers apparently were crafted to influence his sentencing -- which could include millions in restitution.
SPORTS
By Christian Ewell and Christian Ewell,SUN STAFF | December 21, 1997
In a game where luck was not expected to be a factor, luck was what saved UMBC in its 83-79 victory over Western Maryland yesterday in Catonsville.A missed dunk, a stumble and a rush of adrenalin meant that UMBC (3-5) would be spared the indignity of losing to a Division III basketball team.It also denied Western Maryland the opportunity to win what will be its final game for a while against UMBC. Next year, the Retrievers move into the Northeast Conference, whose members can't play Division III teams.
NEWS
By Marcia Myers and Marcia Myers,Sun Staff Writer | June 10, 1994
Tom J. Billman, the convicted financier whose attempts to hide millions in Europe were exposed two weeks ago by federal prosecutors, is asking the U.S. government to help pay his legal fees.In court filings, the former chairman of Bethesda-based Community Savings and Loan says he has more than $6.5 million in cash, gems and other assets, much of it frozen by the Austrian government.But Billman, who is awaiting sentencing on a fraud conviction, claims that he is impoverished and asks for a court-appointed, government-paid lawyer.
NEWS
By Marcia Myers and Marcia Myers,Sun Staff Writer | June 18, 1994
Attorneys for financier Tom J. Billman denied yesterday that their client tried to conceal $6 million in assets after his April conviction for stealing millions from his defunct Bethesda savings and loan.The $6 million worth of cash and gems owned by Billman in England and Austria was disclosed last month by federal prosecutors after a courier working for Billman was arrested in Vienna trying to make a bank transaction.Billman's plans for the money included payments of nearly $4 million to the Internal Revenue Service for back taxes, the defense attorneys said.
NEWS
By Marcia Myers and Tanya Jones and Marcia Myers and Tanya Jones,Sun Staff Writers | October 28, 1994
Police in Austria say they have unearthed about $4 million more hidden by Maryland savings and loan swindler Tom J. Billman, who went to prison in June claiming to be broke and asking taxpayers to pay his legal fees.The multimillion-dollar hoard, dispersed among several bank accounts, came to light recently during an investigation by police in Vienna. Austrian police were drawn into the case last spring after a courier for Billman was arrested while attempting to make a $5 million transaction that the former executive had ordered from his jail cell.
NEWS
By Scott Higham and Scott Higham,Sun Staff Writer | May 27, 1994
Maryland's taxpayers are the big winners after the discovery of millions of dollars in secret overseas accounts controlled by convicted financier Tom J. Billman, state regulators said yesterday.Some depositors who lost money from his failed thrift, Community Savings and Loan, also received small payments from the state.Billman, awaiting sentencing for his role in Community's collapse, orchestrated a complicated scheme from his jail cell to conceal millions of dollars stolen from the Bethesda-based thrift, federal prosecutors say.But investigators discovered some of the money in Switzerland and negotiated a series of transfers to bring the money back to Maryland.
NEWS
By Marcia Myers and Marcia Myers,Staff Writer | February 15, 1994
Valentine's Day was cruel to Tom J. Billman.Sitting not five feet from him in U.S. District Court in Baltimore yesterday was the blond Danish woman who had been his companion in Europe for several months of 1989 -- a time when prosecutors say he lived lavishly as a fugitive in Spain on $22 million taken from his failed Bethesda savings and loan.Kaja Olsen's sketch of that precarious life opened the second week of Mr. Billman's trial on federal mail fraud and wire fraud charges.For more than 30 minutes, Ms. Olsen described their relationship and travels, which began in the summer of 1989.
NEWS
By Marcia Myers and Marcia Myers,Sun Staff Writer | April 2, 1994
Financier Tom J. Billman, who had led authorities on a four-year, international chase, was convicted yesterday of fraud for plundering more than $100 million from the now-defunct Community Savings and Loan in Bethesda.After a two-month trial and almost six hours of closing arguments, U.S. District Judge J. Frederick Motz said the evidence was conclusive that Billman had drained Community of millions of dollars to prop up his failing real estate companies and had pocketed substantial sums for himself.
NEWS
By Michael James and Michael James,SUN STAFF | September 6, 1997
Claiming to be a "changed man" and teaching courses in finance to his fellow inmates, Maryland savings and loan swindler Tom J. Billman asked a federal judge yesterday to release him from prison after serving only four years of his 40-year sentence for stealing $22 million.Chief U.S. District Judge J. Frederick Motz rejected the request for immediate release, but may shave several years off Billman's sentence in a hearing next month. Prosecutors didn't object to a modest reduction for Billman, 57, saying there is no need to keep him in prison "until he is a doddering old man."
NEWS
By Marcia Myers and Tanya Jones and Marcia Myers and Tanya Jones,Sun Staff Writers | October 28, 1994
Police in Austria say they have unearthed about $4 million more hidden by Maryland savings and loan swindler Tom J. Billman, who went to prison in June claiming to be broke and asking taxpayers to pay his legal fees.The multimillion-dollar hoard, dispersed among several bank accounts, came to light recently during an investigation by police in Vienna. Austrian police were drawn into the case last spring after a courier for Billman was arrested while attempting to make a $5 million transaction that the former executive had ordered from his jail cell.
NEWS
By Jay Apperson and Jay Apperson,Sun Staff Writer | June 23, 1994
Savings and loan swindler Tom J. Billman had been on the lam for nearly four years when the fax sent from Paris by FBI agents landed in Baltimore. Federal prosecutors Barbara S. Sale and Joyce McDonald took one look at the handwriting samples on the document and knew the chase would soon be over."
NEWS
By Marcia Myers and Marcia Myers,Sun Staff Writer | June 22, 1994
Tom J. Billman, the Maryland savings and loan executive who eluded authorities for four years after stealing millions from depositors, was sentenced yesterday to 40 years in prison and ordered to pay $25 million in restitution -- one of the toughest federal sentences ever for a financial crime in the United States.U.S. District Judge J. Frederick Motz acknowledged that the punishment was severe but said Billman's actions justified it.He cited a string of events: $29.5 million taken from depositors of Bethesda-based Community Savings and Loan; $22 million secretly wired to Swiss bank accounts; Billman's flight from the country in 1988; and his recent efforts from a Baltimore jail cell to maneuver about $6 million still in Europe.
NEWS
By Melody Simmons and Marcia Myers and Melody Simmons and Marcia Myers,Sun Staff Writers | June 21, 1994
Saying society is fed up with savings and loan directors who have stolen from their depositors, U.S. District Court Judge J. Frederick Motz sentenced convicted financier Tom J. Billman today to 40 years in prison and ordered him to pay $25 million restitution.Billman, who according to court documents was expecting a sentence of only two years for defrauding about 20,000 depositors of $28 million, sat with slumped shoulders as Judge Motz issued the sentence."I don't think you can be rehabilitated," Judge Motz told Billman, referring to recent revelations that the former chairman of Community Savings & Loan of Bethesda was manipulating millions of dollars from his cell in the City Jail.
NEWS
By Marcia Myers and Marcia Myers,Sun Staff Writer | June 18, 1994
Attorneys for financier Tom J. Billman denied yesterday that their client tried to conceal $6 million in assets after his April conviction for stealing millions from his defunct Bethesda savings and loan.The $6 million worth of cash and gems owned by Billman in England and Austria was disclosed last month by federal prosecutors after a courier working for Billman was arrested in Vienna trying to make a bank transaction.Billman's plans for the money included payments of nearly $4 million to the Internal Revenue Service for back taxes, the defense attorneys said.
NEWS
By Melody Simmons and Marcia Myers and Melody Simmons and Marcia Myers,Sun Staff Writers | June 21, 1994
Saying society is fed up with savings and loan directors who have stolen from their depositors, U.S. District Court Judge J. Frederick Motz sentenced convicted financier Tom J. Billman today to 40 years in prison and ordered him to pay $25 million restitution.Billman, who according to court documents was expecting a sentence of only two years for defrauding about 20,000 depositors of $28 million, sat with slumped shoulders as Judge Motz issued the sentence."I don't think you can be rehabilitated," Judge Motz told Billman, referring to recent revelations that the former chairman of Community Savings & Loan of Bethesda was manipulating millions of dollars from his cell in the City Jail.
NEWS
By Marcia Myers and Marcia Myers,Sun Staff Writer | February 8, 1994
Lawyers for Tom J. Billman yesterday characterized him as a skilled executive who bought a sickly Maryland savings and loan in 1982 and steered it toward financial recovery -- only to be thwarted by the panic of the 1980s S&L scandals.That defense was outlined as Mr. Billman's trial on federal fraud charges opened in Baltimore. The trial -- which is going forward more than four years after Mr. Billman was indicted -- had to wait for the defendant, who was extradited from France in December after several years as a fugitive.
NEWS
By Marcia Myers and Marcia Myers,Sun Staff Writer | June 10, 1994
Tom J. Billman, the convicted financier whose attempts to hide millions in Europe were exposed two weeks ago by federal prosecutors, is asking the U.S. government to help pay his legal fees.In court filings, the former chairman of Bethesda-based Community Savings and Loan says he has more than $6.5 million in cash, gems and other assets, much of it frozen by the Austrian government.But Billman, who is awaiting sentencing on a fraud conviction, claims that he is impoverished and asks for a court-appointed, government-paid lawyer.
NEWS
By Scott Higham and Scott Higham,Sun Staff Writer | May 27, 1994
Maryland's taxpayers are the big winners after the discovery of millions of dollars in secret overseas accounts controlled by convicted financier Tom J. Billman, state regulators said yesterday.Some depositors who lost money from his failed thrift, Community Savings and Loan, also received small payments from the state.Billman, awaiting sentencing for his role in Community's collapse, orchestrated a complicated scheme from his jail cell to conceal millions of dollars stolen from the Bethesda-based thrift, federal prosecutors say.But investigators discovered some of the money in Switzerland and negotiated a series of transfers to bring the money back to Maryland.
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