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July 12, 1990 | GREG BRAXTON, Arts and entertainment reports from The Times, national and international news services and the nation's press
An Egyptian Record: A small 3,500-year-old pottery hippopotamus has sold for $955,600, a record auction price for an Egyptian antiquity. London dealer Robin Symes bought the artifact on Tuesday at Sotheby's of London. The 4.25-inch-long hippo is glazed in turquoise and has lotus blossoms and a grasshopper painted on its back. The previous top price for an Egyptian antiquity was $742,500 for a granite figure of the goddess Sekhmet auctioned in 1986.
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NEWS
January 13, 1991 | From Reuters
A Los Angeles judge dismissed 12 charges of an amended 46-count fraud indictment Friday against Charles H. Keating Jr., former chairman of Lincoln Savings & Loan's parent company, and three associates. Superior Court Judge Lance Ito threw out the charges at the request of the defense on the grounds that they were improperly filed. The four defendants are accused of defrauding 23,000 investors, most of them elderly, out of $250 million in the sale of worthless junk bonds.
NEWS
September 20, 1990 | From Times Staff and Wire Service Reports
Lawyers asked a judge today to reduce the $5-million bail for Charles H. Keating Jr., a central figure in the nation's saving and loan scandal, characterizing him as a pauper who won't flee. The former American Continental Corp. chairman sat in Superior Court with three co-defendants as attorneys argued that he would have trouble financing his defense against numerous cases stemming from the $2-billion collapse of Irvine, Calif.-based Lincoln Savings.
BUSINESS
January 11, 1994 | From Times Staff and Wire Reports
Another Aide Gets Probation in Lincoln S&L Collapse: A bookish computer expert swept up in Charles Keating Jr.'s empire was rewarded with probation for helping convict Keating of looting Lincoln Savings and swindling investors in Lincoln's parent American Continental Corp. Robin Scott Symes, the latest in a series of plea-bargainers to get probation, once held the title of Lincoln chief executive.
BUSINESS
July 24, 1987
Lincoln Savings & Loan Assn. in Irvine has changed its top management in a small reshuffling that will give the local operators more control of the institution, which is owned by American Continental Corp. of Phoenix. Robin S. Symes is the new chairman and chief executive officer, replacing Andre A. Niebling of Phoenix, who resigned to pursue other business interests.
CALIFORNIA | LOCAL
May 4, 2006 | From Staff and Wire Reports
The director of the J. Paul Getty Museum will meet with Greek culture officials in Athens May 16 to discuss demands that the Getty return four allegedly looted antiquities. The visit by museum Director Michael Brand, announced Wednesday by the J. Paul Getty Trust, comes as Greek authorities step up a criminal investigation aimed at securing the return of four Getty objects, including a 2,500-year-old solid gold funerary crown considered to be one of the museum's antiquities masterpieces.
BUSINESS
September 18, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
A state grand jury investigating the failed Lincoln Savings & Loan has issued sealed indictments of Phoenix developer Charles H. Keating Jr. and three others, and the charges are expected to be made public today, sources said Monday. The indictments will be the first criminal charges brought relating to Irvine-based Lincoln, which collapsed 17 months ago. The failure is expected to cost taxpayers more than $2 billion, making it one of the costliest ever.
BUSINESS
March 13, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
A former Lincoln Savings & Loan president pleaded guilty Tuesday to six counts of state securities fraud and agreed to cooperate with officials prosecuting Charles H. Keating Jr., the thrift's former owner. Ray C. Fidel, president of Irvine-based Lincoln when it failed in 1989, changed his pleas from innocent to guilty on allegations that he helped mislead investors who bought risky junk bonds at the thrift's branches.
NEWS
September 18, 1990 | From Associated Press
Charles H. Keating, who headed the company blamed by the government for the nation's biggest savings and loan collapse, was indicted on criminal fraud charges today and held on $5-million bail. The 42-count state indictment charges Keating and three others with selling securities by false statements or omissions, selling securities without qualifications and lying to the state Department of Corporations.
BUSINESS
October 18, 1985
Strong results from loans, investments and real estate operations propelled Lincoln Savings & Loan Assn. to record third-quarter profits of $34.5 million, up from $1.5 million a year ago, and a nine-month profit of $66.5 million, up from $5.6 million. The Irvine-based S&L said assets as of Sept. 30 were $2.7 billion, up from $1.7 billion a year ago. Lincoln's net worth at the end of the third quarter was 7%, well above the 3% minimum that federal regulators require, said Robin S.
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