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Banking

February 11, 1995| Times Staff and Wire Reports

Keating Ordered to Pay Restitution: A federal judge ordered former Lincoln Savings & Loan operator Charles H. Keating Jr. to pay the government $36.3 million in restitution for directing the now-defunct Irvine thrift to make illegal loans. Federal regulators, however, doubt they can get much money because Keating maintains he is broke. Previous civil judgments against him total more than $1 billion, and any proceeds found will go to the same government agencies and investors who lost more than $285 million in the 1989 collapse of Lincoln and its parent company.

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