BANKING & FINANCE - Sept. 2, 1994

More Charges Filed Against Lefkowitz: A federal grand jury in Minneapolis has brought two new criminal charges against Gary Lefkowitz, former president of Citi Equity Corp. of Culver City. Lefkowitz was charged in May with 45 counts of fraud, embezzlement, tax evasion and obstruction of justice. The indictment alleged that he engaged in a scheme to bilk developers, investors and the federal government out of as much as $50 million that was to be used to build low-income housing. The new charges allege Lefkowitz engaged in bankruptcy fraud and orchestration of a continuing financial crimes enterprise in which he illegally obtained $5 million. Lefkowitz, 41, of Beverly Hills, has pleaded innocent and is expected to stand trial early next year.