June 22, 1996 |
Citing possible jury misconduct, a federal appeals court in Los Angeles on Friday ordered a hearing into whether a new fraud and racketeering trial should be held for convicted financier Charles H. Keating Jr. The ruling by the U.S. 9th Circuit Court of Appeals comes just two months after Keating's 1991 state securities fraud conviction was thrown out because it was based on "nonexistent and erroneous legal theory" and "erroneous" jury instructions.
June 13, 1995 |
The star prosecution witness in the federal fraud trial of former Lincoln Savings & Loan operator Charles H. Keating Jr. won a court order Monday that frees her from repaying the government $3.5 million. Judith J. Wischer, an accountant who became president of the Irvine thrift's parent company, American Continental Corp. in Phoenix, had been ordered to pay the restitution as part of her sentence after pleading guilty to bank and securities fraud in a plea bargain.
February 11, 1995 |
Keating Ordered to Pay Restitution: A federal judge ordered former Lincoln Savings & Loan operator Charles H. Keating Jr. to pay the government $36.3 million in restitution for directing the now-defunct Irvine thrift to make illegal loans. Federal regulators, however, doubt they can get much money because Keating maintains he is broke.
October 25, 1994 |
Judy J. Wischer, once the top aide to former Lincoln Savings & Loan operator Charles H. Keating Jr., was put on probation Monday for three years and ordered to pay $3.5 million in restitution for her role in the 1989 collapse of the Irvine thrift. Wischer's sentencing--lenient because of her cooperation with authorities--ends the long investigation and the trial court proceedings against those responsible for the thrift industry's most notorious failure.
October 25, 1994 |
Federal judge in Los Angeles Monday sentenced Judy J. Wischer, once the top aide to former Lincoln Savings & Loan operator Charles H. Keating Jr.,--to three years of probation and ordered her to pay $3.5 million in restitution for her role in Lincoln's collapse. Wischer's sentencing ends the long investigation and court proceedings against those responsible for the thrift industry's most notorious failure during the go-go 1980s. Lincoln's failure in 1989 is expected to cost taxpayers $3.
December 21, 1993 |
Three cohorts of Charles H. Keating Jr. were put on probation Monday by federal judges who lauded them for admitting their guilt early and for helping to convict the former operator of Lincoln Savings & Loan. Raymond C. Fidel, a former president of the Irvine thrift, and Ernest C. Garcia II, an Arizona developer and major borrower, were each put on three years' probation for their roles in the nation's costliest thrift failure. Mark S.