Charles H Jr Keating

Citing flawed jury instructions from Superior Court Judge Lance A. Ito, a federal judge in Los Angeles on Wednesday overturned the state securities fraud conviction of former Lincoln Savings & Loan operator Charles H. Keating Jr., handing state prosecutors a devastating defeat. U.S. District Judge John G. Davies ruled that Keating was denied his constitutional due process rights because his conviction was based on "nonexistent and erroneous legal theory" and "erroneous" jury instructions.

A lawyer for former Lincoln Savings & Loan operator Charles H. Keating Jr. asked a federal judge Monday to overturn his client's 17-count fraud conviction in state court. Stephen C. Neal argued that jury instructions improperly allowed for a conviction on grounds that Keating was a direct perpetrator in defrauding small investors, mainly elderly Southern Californians. Deputy State Atty. Gen. Sanjay T.

The U.S. Supreme Court refused Monday to hear an appeal of a $36.4-million judgment against convicted Lincoln Savings & Loan operator Charles H. Keating Jr., who says he is broke and cannot pay the judgment stemming from one of the nation's most expensive thrift failures. The high court, without comment, denied Keating's final appeal of a decision by the Office of Thrift Supervision that he repay amounts he gained in two illegal deals involving his now-defunct Irvine-based thrift.

The state Supreme Court, after opening the door slightly to the appeal of convicted thrift defrauder Charles H. Keating Jr., slammed it shut Thursday by reversing itself and saying that its previous decision to hear the appeal was "improvidently granted." The 5-2 vote dashed the short-lived hopes that the former Lincoln Savings & Loan operator held of winning a reversal of his 1991 state securities fraud conviction, for which he is serving a 10-year prison term.

A federal judge has ordered former Lincoln Savings & Loan operator Charles H. Keating Jr. to pay $36.3 million in restitution to the government for directing the now-defunct Irvine thrift to make illegal loans. Federal regulators said Friday, however, that they doubt they'll get much money from Keating, who maintains he is broke.

Financier Charles Keating's chances of overturning his California securities convictions appeared to improve Monday when the state Supreme Court ruled that prosecutors must prove a knowing falsehood in the sale of securities. The 6-1 ruling overturned the convictions and three-year prison sentence of John Martin Simon, a Southern California minister and securities promoter who had no connection to Keating but raised a similar legal issue in his appeal.