Collapse
Their empire took big hits in the early 1990s when their banks faltered in the Savings and loan crisis. They were charged with bid rigging for leasing its office space. Morgan died in 1993 proclaiming his innocence. The FDIC prohibited Dreiseszun from being involved with the banks.
In 1996 he pled guilty to misdemeanor charges and paid a $375,000 fine and would regain control of many of his banks via the Valley View Financial Group.
He was resident for life at Kehilath Israel Synagogue in Overland Park and was active with Jewish philanthropies.
Read more about this topic: Sherman Dreiseszun
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