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Robert J Jr Hubbard

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August 26, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
Two of Charles H. Keating Jr.'s sons-in-law and two other associates in Lincoln Savings & Loan have agreed to pay a record restitution of $75 million to settle civil charges relating to the thrift's failure, regulators said Tuesday. The money may never be collected, however, because the four say they're broke. Any funds collected will go to the Resolution Trust Corp., the government's S&L cleanup agency, to partially compensate taxpayers for their losses in bailing out Lincoln.
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BUSINESS
August 26, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
Two of Charles H. Keating Jr.'s sons-in-law and two other associates in Lincoln Savings & Loan have agreed to pay a record restitution of $75 million to settle civil charges relating to the thrift's failure, regulators said Tuesday. The money may never be collected, however, because the four say they're broke. Any funds collected will go to the Resolution Trust Corp., the government's S&L cleanup agency, to partially compensate taxpayers for their losses in bailing out Lincoln.
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