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#Nebraska

5 entries tagged Nebraska.

People (4)

  • Gary Caradori Gary Caradori was a private investigator hired by the Nebraska Legislature's Franklin Committee in 1988-1989 to investigate abuse allegations connected to the Franklin Credit Union collapse. He died on July 11, 1990, when his aircraft suffered structural failure over Lee County, Illinois, shortly after he had collected what he described as significant new evidence. The NTSB determined structural failure as the probable cause; no evidence of sabotage was found.
  • John DeCamp John W. DeCamp (1941-2017) was a Nebraska state senator, Vietnam veteran, and attorney who published 'The Franklin Cover-Up' in 1992 arguing that the Franklin Credit Union abuse allegations were genuine and suppressed. He served as legal aide to CIA Director William Colby in Vietnam and maintained a close personal relationship with Colby until Colby's death in 1996.
  • Lawrence King Jr. Lawrence 'Larry' King Jr. was the operator of the Franklin Community Federal Credit Union in Omaha, Nebraska, whose collapse in November 1988 revealed $39.4 million in embezzlement. King had a prominent profile within the Nebraska Republican Party and Reagan administration circles. He pleaded guilty to fraud in February 1991 and served approximately ten years of a fifteen-year federal sentence.
  • Paul Bonacci Paul Bonacci was the principal claimant in the Franklin Credit Union abuse allegations, alleging that Lawrence King Jr. transported him to Washington D.C. for abuse at parties arranged by lobbyist Craig Spence beginning approximately 1981. He was convicted on separate child sexual assault charges. A 1999 federal civil default judgment awarded him $1 million against King, who declined to contest the suit.

Events (1)

  • Franklin Credit Union Scandal The Franklin Credit Union Scandal began with the November 1988 collapse of Lawrence King Jr.'s Omaha credit union with $39.4 million missing, accompanied by allegations of a child prostitution network with Washington D.C. connections; fraud charges resulted in conviction while abuse allegations were found unsubstantiated by two 1990 grand juries.