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John H Jr Keating

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September 27, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Attorneys for Charles H. Keating Jr. Wednesday appealed to the state Supreme Court to lift or reduce the $5-million bail that is keeping the once-wealthy executive behind bars pending trial on 42 counts of securities fraud and other violations. Keating, former chairman of American Continental Corp., the former parent company of Lincoln Savings & Loan, argues that the bail is excessive and punitive. As such, it violates the state and federal constitutions by exacting cruel and unusual punishment.
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BUSINESS
September 27, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Attorneys for Charles H. Keating Jr. Wednesday appealed to the state Supreme Court to lift or reduce the $5-million bail that is keeping the once-wealthy executive behind bars pending trial on 42 counts of securities fraud and other violations. Keating, former chairman of American Continental Corp., the former parent company of Lincoln Savings & Loan, argues that the bail is excessive and punitive. As such, it violates the state and federal constitutions by exacting cruel and unusual punishment.
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