In 1974 A federal grand jury indicted Winters, for, among other things, of using his position to extort campaign money from banks. Winters was acquitted of four counts during a well publicized trial, and other counts later were dropped. A few weeks after that, he was re-elected.
Winters served five terms and was trying for a sixth when his 1986 campaign was doomed by allegations that a Tulsa bank may have written off millions in loans to him.
In 1986, many Oklahoma banks were on the brink of default from a crash in the oil markets, worldwide. Yet State Treasure Winters, decided to deposit a massive amount of state funds into a non-interest bearing account in Liberty Bank (now known as Banc One).
The Oklahoman reported:Read more, here..
Former Rep. Joe Manning of Cushing led the three-man field in the Republican primary and Rep. Bob Brown of Claremore finished second.
Manning, 39, was a member of the House of Representatives from 1974 to 1982 and now is business manager of the Masonic Charity Foundation of Oklahoma. In that job, Manning says, he invests and manages the foundation's assets.
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