BUSINESS
September 20, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
Charles H. Keating Jr. placed a high priority on selling American Continental Corp. bonds and considered employees who sold them at the company's Lincoln Savings & Loan unit to be "heroes," a former thrift and company executive testified Thursday. Robin S. Symes, who was a Lincoln chairman and chief executive, also said that Keating and a trader at Dexel Burnham Lambert Inc.
BUSINESS
September 18, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
Through nine days of testimony, the defense attorney for former Lincoln Savings & Loan owner Charles H. Keating Jr. has been driving home a major point--none of the small investors who bought bonds at Keating's thrift can link him to any fraudulent sales techniques. But prosecutors in the 20-count criminal securities fraud trial of Keating said that they will bring to the stand today one of their two star witnesses--both former Lincoln executives--to provide that missing link. Robin S.
BUSINESS
October 6, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
With a firm voice, Charles H. Keating Jr. told a criminal court Friday that he is "absolutely not guilty" of 42 state securities fraud charges stemming from his company's bond sales at Lincoln Savings & Loan branches. Keating, former chairman of American Continental Corp., appeared relaxed and confident as he entered his not guilty plea in Los Angeles Superior Court. If convicted, the Phoenix businessman and three co-defendants could be sentenced to up to 10 years in prison.
BUSINESS
July 23, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
A former chairman of Lincoln Savings & Loan pleaded guilty Monday to securities fraud charges in both state and federal courts here. Robin S. Symes, 38, of Malvern, Ohio, is the fourth person in federal court and the second in state court to plead guilty to charges stemming from the nation's biggest thrift scandal. Like the others, Symes is expected to testify against his former boss, Charles H. Keating Jr.
BUSINESS
September 22, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
A Los Angeles judge Friday refused to reduce the $5-million bail for Charles H. Keating Jr., saying the Phoenix businessman is a flight risk after being indicted on 42 counts of state securities fraud and other violations. Superior Court Judge Gary Klausner said Keating--pursued by creditors, regulators and prosecutors for his role in the failure of Irvine-based Lincoln Savings & Loan--has "significant reasons not to stay around."
BUSINESS
September 20, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
Charles H. Keating Jr. placed a high priority on selling American Continental Corp. bonds and considered employees who sold them at the company's Lincoln Savings & Loan unit to be "heroes," a former associate testified Thursday. Robin S. Symes, who was a Lincoln chairman and chief executive, also said that Keating and a trader at Drexel Burnham Lambert Inc. concocted a plan to lie to large institutional investors who might call to ask if the company planned to repurchase their bonds.