April 7, 1999 |
Former Lincoln Savings & Loan boss Charles H. Keating Jr. pleaded guilty to bankruptcy fraud charges Tuesday, ending a 10-year battle with federal authorities over the most notorious thrift failure in the 1980s. In a plea bargain, prosecutors dropped charges that Keating bilked thousands of elderly investors out of their life savings. He also will be spared from serving further prison time, and the judge imposed no fines or restitution payments because Keating swore he is broke.
January 12, 1999 |
Former Lincoln Savings & Loan chief Charles H. Keating Jr. will be tried again on charges that he defrauded customers by selling them millions of dollars in worthless bonds, a federal prosecutor said Monday. The case of Keating and his son, Charles Keating III, was returned to U.S. District Court in Los Angeles after an appellate court threw out their federal convictions and said they deserved a new trial. During a brief hearing, Assistant U.S. Atty.
July 24, 1998 |
Federal prosecutors on Thursday asked a federal appeals court to overturn last month's decision to grant a new trial to Charles H. Keating Jr., the former head of Lincoln Savings who was convicted on charges of looting the Irvine-based thrift and swindling investors. "We think the decision is not only at odds with Supreme Court rulings and rulings in other circuits, but creates an unworkable rule of law," said Miriam A. Krinsky, chief of criminal appeals at the U.S.
June 10, 1998 |
In yet another victory for Charles H. Keating Jr., appeals judges agreed Tuesday that the former Lincoln Savings boss and his son are entitled to a new federal trial on charges of looting the thrift and swindling investors. In a 3-0 vote upholding the trial judge, the 9th U.S. Circuit Court of Appeals said federal jurors improperly learned of and discussed Keating's earlier state court conviction on similar charges. U.S.
April 2, 1998 |
A federal judge freed Charles H. Keating Jr. from jail Wednesday after a five-day incarceration during which his lawyer said the former Lincoln Savings & Loan operator had his stomach pumped and was placed on suicide watch after drinking shampoo. Jailed for violating the terms of his 1996 release from prison by applying for a passport, Keating inadvertently took a swig of shampoo that had been placed in a cup on his food tray several hours after his arrest last Friday, his attorney, Stephen C.
March 31, 1998 |
In another turn of events for Charles H. Keating Jr., the former Lincoln Savings & Loan operator is fighting to get out of prison again, this time after he allegedly violated bail conditions by seeking a passport. The former Arizona developer, whose Irvine thrift crashed nine years ago in a heap of bad loans, speculative deals and what authorities charge was outright fraud, asked Monday that his $300,000 bond--and his freedom--be reinstated. U.S. District Judge Mariana R.
March 28, 1998 |
Former savings and loan figure Charles H. Keating Jr. was back in jail Friday after a U.S. district judge in Los Angeles ordered his arrest for allegedly violating his bail by applying for a passport to leave the country. The former operator of Irvine-based Lincoln Savings & Loan was being held without bail in a federal jail in Phoenix, where he lives, after surrendering Friday afternoon, a U.S. attorney's office spokesman said.
February 6, 1998 |
For the second time, a federal judge threw out Charles H. Keating Jr.'s state securities fraud conviction, ruling Thursday that the trial of the former Lincoln Savings & Loan operator was constitutionally flawed. The ruling means Keating is once again clear of all convictions, pending an expected appeal. U.S. District Judge John G. Davies in Los Angeles granted a new petition by the onetime Arizona developer to dismiss the 17-count state verdict.
January 16, 1998 |
A federal appeals court on Thursday reinstated the state's securities fraud conviction against Charles H. Keating Jr., and prosecutors vowed to put the former Irvine-based Lincoln Savings & Loan operator back in prison. Keating, who became a symbol of the 1980s savings and loan scandal, was released from prison in October 1996 with about five months left on his 10-year state prison term. Thursday's ruling by a three-judge panel of the U.S.