Editing Dan Walker (section)

== Criminal conviction ==
In 1987, Walker was charged with Federal bank fraud based on two loans. A private contractor borrowed $279,000 from First American to build schools. Walker later personally borrowed $45,000 from that individual on a "handshake" basis. Those two loans ("borrowing from a borrower" while serving as a director) constituted bank fraud. Walker agreed to a plea bargain with Federal prosecutors; he pleaded guilty to bank fraud in the loan, perjury (based on dealings by the Association with his son), and filing false financial statements. He was sentenced to four years imprisonment for bank fraud, three years for perjury, and probation for false financial statements. News media reported Walker received over a million dollars in fraudulent loans for his business and repairs on his yacht ''Governor's Lady''. As part of a plea agreement no charges were laid against Walker for any other loans, and no other loans by First American were described as fraudulent. Walker served a year and a half in prison before being released on compassionate leave, and was placed on probation until he could pay off the two fraudulent loans. He did, and was released from probation. Walker died of heart failure in California in 2015, aged 92.