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NEWS
December 13, 1990 | Associated Press
The Senate Ethics Committee on Wednesday held a closed session to question James Grogan, an aide to Charles H. Keating Jr. with extensive knowledge of Keating's ties to five senators. Grogan was compelled to answer questions under a grant of limited immunity and was ordered to return today.
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CALIFORNIA | LOCAL
April 8, 1999 | JEFFREY GETTLEMAN, TIMES STAFF WRITER
She calls herself one of the "losers," one of the trusting, unsophisticated people who plowed their life savings into junk bonds sold at Charles H. Keating Jr.'s savings and loan. A widow with a ninth-grade education, who grew up poor in Arkansas and still sews her own clothes, Wanda Bean lost almost every nickel her husband left her to Keating's infamous junk bond deal. On Wednesday, a place deep inside her that hasn't hurt for a while began to sting again.
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NEWS
April 7, 1999 | E. SCOTT RECKARD and DAVID ROSENZWEIG, TIMES STAFF WRITERS
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.
BUSINESS
January 5, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Embattled Arizona developer Charles H. Keating Jr. defended his five-year operation of Lincoln Savings & Loan Thursday, testifying that his firm bought the Irvine thrift to take advantage of deregulation laws he saw as the "salvation of the industry." Appearing relaxed and confident, Keating told U.S. District Judge Stanley Sporkin that he assembled a top-notch legal and accounting team to run Lincoln and to make sure the Orange County institution complied with federal and state rules.
BUSINESS
August 7, 1991 | From Times Staff and Wire Reports
Prospective Keating Jurors Screened: Charles H. Keating Jr. peered grimly across a Los Angeles courtroom at 98 prospective jurors in the first day of his securities fraud trial, the first prosecution stemming from the $2.6-billion collapse of Lincoln Savings. Keating, 67, is the former head of American Continental Corp., an Arizona development company that owned Irvine-based Lincoln.
BUSINESS
June 8, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
A Superior Court judge Friday threw out 13 more criminal counts in a state securities fraud indictment against former thrift owner Charles H. Keating Jr. and three others and gave the defendants another chance to argue for the dismissal of the remaining 21 counts. Judge Lance A. Ito in Los Angeles also rejected the prosecution's theory of the case, which would have held Keating accountable criminally for the actions of employees without his knowledge.
BUSINESS
October 3, 1991 | From Times Staff and Wire Reports
'Keating Five' Senator to Testify: Sen. John S. McCain (R-Ariz.) will be allowed to testify at the securities fraud trial of Charles H. Keating Jr., the judge presiding over the criminal trial ruled. Los Angeles Superior Court Judge Lance A. Ito said McCain's testimony about a meeting he had with Keating in late March, 1987, was relevant to show an attempt, albeit unsuccessful, to manipulate regulators who were examining Keating's Lincoln S&L, based in Irvine. McCain is expected to testify Oct.
BUSINESS
September 11, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
Payments on American Continental Corp. bonds to small investors were "woefully inadequate" compared to what sophisticated investors received from the company's other bond issues, an expert witness testified Tuesday in the criminal fraud trial of Charles H. Keating Jr. The bonds sold through the company's Lincoln Savings & Loan branches were the lowest ranking of three bond issues, Alfred E. Hofflander, a professor at UCLA's Graduate School of Management, told a Los Angeles Superior Court jury.
BUSINESS
September 10, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
American Continental Corp. sold junk bonds through its Lincoln Savings & Loan branches without key safeguards that usually accompany securities sales, an expert witness testified Monday at the trial of Charles H. Keating Jr. in Los Angeles Superior Court. The company's bonds, which were sold from late 1986 to early 1989, were high-risk investments that were not suitable for the individual small investors targeted by the company, said Alfred E.
BUSINESS
July 24, 1998 | P.J. Huffstutter
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.
NEWS
July 3, 1993 | JAMES S. GRANELLI, TIMES STAFF WRITER
Federal prosecutors, accusing Charles H. Keating Jr. of lying repeatedly during his criminal trial, called Friday for a prison term of 25 to 30 years for the former Lincoln Savings & Loan operator. Keating, who came to personify greed and arrogance in the thrift industry, perjured himself so extensively that he deserves extra punishment for obstruction of justice, Assistant U.S. Atty. Alice C. Hill said in her 29-page sentencing memorandum filed in U.S. District Court in Los Angeles.
BUSINESS
January 9, 1993 | JAMES S. GRANELLI, TIMES STAFF WRITER
With Charles H. Keating Jr. convicted of racketeering, federal authorities will renew their effort to find some of the millions of dollars that he looted from Lincoln Savings & Loan. Federal prosecutors won't say if they already have found assets that Keating might have hid in the United States or overseas, but they say they can search more quickly, more thoroughly and more inexpensively than others could.
BUSINESS
September 23, 1992 | From Times Staff and Wire Reports
RTC Sues Developer in Lincoln Probe: The federal agency charged with cleaning up failed thrifts accused Emerald Homes of Texas and others of trying to hide more than $25 million worth of property from regulators in the federal lawsuit over the collapse of Lincoln S&L. The Resolution Trust Corp. filed a racketeering and fraud suit against Emerald, Verit Industries of Texas and three Verit executives, including Phillip J. Polich, who also was Emerald's managing partner.
BUSINESS
April 10, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
In the last 18 months, Los Angeles Superior Court Judge Lance A. Ito has kept a poker face. Moving with care and consideration, he has never given prosecutors or defense lawyers a clue about what he thinks of Charles H. Keating Jr. or his role in the collapse of Lincoln Savings & Loan and its parent company three years ago. Today, his sentencing of Keating on 17 counts of state securities fraud should speak for itself. Keating faces up to 10 years in state prison and a $250,000 fine.
BUSINESS
October 3, 1991 | From Times Staff and Wire Reports
'Keating Five' Senator to Testify: Sen. John S. McCain (R-Ariz.) will be allowed to testify at the securities fraud trial of Charles H. Keating Jr., the judge presiding over the criminal trial ruled. Los Angeles Superior Court Judge Lance A. Ito said McCain's testimony about a meeting he had with Keating in late March, 1987, was relevant to show an attempt, albeit unsuccessful, to manipulate regulators who were examining Keating's Lincoln S&L, based in Irvine. McCain is expected to testify Oct.
BUSINESS
July 29, 1989
Honig is urging us not to mix religion with science. He needs instead to urge educators not to mix evolution theory with science. True science deals with repeatable, observable, controlled experiments taking place in the present. Evolution is an unchanging belief system based on ever-changing "educated" (read: biased) guesses regarding our origins (which took place in the past before there were any human witnesses, scientific or otherwise.
BUSINESS
March 23, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
A former in-house attorney for Lincoln Savings & Loan and its parent firm was accused in a criminal filing Friday of conspiring to deceive thrift regulators into thinking that the Irvine thrift's lending activities complied with regulations. The U.S. attorney's office charged in an information filed in U.S. District Court in Los Angeles that Mark S.
BUSINESS
September 11, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
Payments on American Continental Corp. bonds to small investors were "woefully inadequate" compared to what sophisticated investors received from the company's other bond issues, an expert witness testified Tuesday in the criminal fraud trial of Charles H. Keating Jr. The bonds sold through the company's Lincoln Savings & Loan branches were the lowest ranking of three bond issues, Alfred E. Hofflander, a professor at UCLA's Graduate School of Management, told a Los Angeles Superior Court jury.
BUSINESS
September 10, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
American Continental Corp. sold junk bonds through its Lincoln Savings & Loan branches without key safeguards that usually accompany securities sales, an expert witness testified Monday at the trial of Charles H. Keating Jr. in Los Angeles Superior Court. The company's bonds, which were sold from late 1986 to early 1989, were high-risk investments that were not suitable for the individual small investors targeted by the company, said Alfred E.
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