OTHER NEWS - Dec. 19, 1991
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From Times Staff and Wire Reports
Mazur Bail Set: Bail was set at $400,000 for jailed real estate investor Sherman Mazur, who was indicted Tuesday on 45 counts of bankruptcy fraud. The amount was set after a long hearing before a U.S. magistrate in downtown Los Angeles. Mazur, 42, was accused of fraud in connection with the way he managed more than 200 real estate partnerships nationwide. Mazur was not expected to be able to raise the bail right away. He has estimated his net worth at over $15 million, but his attorneys said that most of his assets are encumbered by liens.
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