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  • ANOTHER McNALL ASSOCIATE COPS A PLEA

         Robert Houston, a former accountant for L.A. Kings President
    Bruce McNall, has agreed to plead guilty to three criminal counts
    for his role preparing false tax returns and financial statements
    so that McNall could get more than $150M in loans to "shore up
    his deteriorating business and financial situation."  The plea is
    expected to be entered within two weeks.  Houston was accused in
    court papers of being part of a group of McNall officials "who
    for the last eight years fraudulently obtained loans by inflating
    McNall's income, overstating his assets and understating or
    omitting previous loans."  Houston is the second McNall executive
    to agree to plead guilty within the last month and about a dozen
    former McNall associates are known to be negotiating pleas (Bates
    & Dillman, L.A. TIMES, 9/21).
    

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