No. 78-1278.

587 F.2d 924 (1978)

UNITED STATES of America, Appellee, v. Maurice B. FRANK, etc., Appellant.

United States Court of Appeals, Eighth Circuit.

Decided December 4, 1978.

Rehearing Denied December 26, 1978.

Attorney(s) appearing for the Case

J. Christopher Kohn, Atty., Commercial Litigation Section, Civ. Div., Dept. of Justice, Washington, D. C., for appellee; Leonard Schaitman, Atty., Dept. of Justice, Barbara Allen Babcock, Asst. Atty. Gen., Washington, D. C., and Robert D. Kingsland, U. S. Atty., St. Louis, Mo., on the brief.

Before GIBSON, Chief Judge, and ROSS and HENLEY, Circuit Judges.

GIBSON, Chief Judge.

The United States, on behalf of the United States Department of Housing and Urban Development (hereinafter referred to as HUD) brought suit in the United States District Court for the Eastern District of Missouri as mortgagee of the Mansion House Center project, an apartment and motor hotel complex on the St. Louis, Missouri, riverfront, to ask for appointment of a receiver and to recover for improper diversion of funds derived from the operation...

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