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Banking

March 24, 1995| Times Staff and Wire Reports

Court Rejects Keating's Appeal: The California Supreme Court's abrupt action came in the 71-year-old financier's appeal of his convictions and 10-year sentence for fraud in the collapse of Irvine-based Lincoln Savings & Loan. The court had agreed to review Charles H. Keating Jr.'s appeal in September, 1993. But without explanation, the justices reversed that order and voted 5 to 2 to drop the case, letting stand a lower-court ruling upholding Keating's convictions. Investors lost more than $285 million when Lincoln and its parent company collapsed in 1989.

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