July 20, 1992 (, Ren Shen on June 21), more than 900 people in the United States convicted of alleged financial scandals.


U.S. Department of Justice announced on July 20, 1992, had the United States a total of 905 people on suspicion of savings and loan fraud recently convicted. According to the U.S. Department of Justice statistics,
has handled 750 cases, the sentenced must repay the amount of $ 439 million, the alleged parties in these cases the amount of fines for a total of $ 12,000,000.
these four years ago for the first time made public scandal, once triggered a crisis in the U.S. financial sector. According to statistics, the savings and loan fraud waste of U.S. taxpayers over the next 40 years will be approximately $ 500 billion.
U.S. Department of Justice from October 1, 1988 to 30 June 1992, the prosecution of these cases related to the 1188 total, including 137 managers, chairman of the board, as well as savings and loan institutions responsible person and so on. Currently, there are nearly a hundred manager or president convicted. Among all of the above was found guilty, there will be 582 people in jail.