An ex-S&L; executive pleaded guilty in Maryland.
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Jeffrey A. Levitt, whose ouster last year as president of Old Court Savings & Loan sparked a run on Maryland’s privately insured savings and loans, entered the plea to charges of theft and misappropriation of nearly $15 million of depositors’ funds. Levitt also pledged to repay the money before he is sentenced in July. Prosecutors have requested a minimum 25-year jail term for the 44-year-old financier and lawyer.
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