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BUSINESS
September 25, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
A federal thrift agency has filed a civil racketeering lawsuit against Saudi European Bank, its owner and operators, alleging that they schemed to defraud Lincoln Savings & Loan out of $18 million six years ago. The lawsuit filed by the Resolution Trust Corp. on behalf of the failed Irvine-based thrift also asserts that Charles H. Keating Jr.
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BUSINESS
June 7, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
A federal appeals court in New York, in a case involving failed Lincoln Savings & Loan, ruled that a group of Saudi Arabian investors can press a racketeering and securities fraud case in this country against foreign banks and U.S. citizens. An attorney for the investors said the ruling, issued late Wednesday, could broaden the application of U.S. racketeering and securities laws to international schemes against foreign victims.
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BUSINESS
June 7, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
A federal appeals court in New York, in a case involving failed Lincoln Savings & Loan, ruled that a group of Saudi Arabian investors can press a racketeering and securities fraud case in this country against foreign banks and U.S. citizens. An attorney for the investors said the ruling, issued late Wednesday, could broaden the application of U.S. racketeering and securities laws to international schemes against foreign victims.
BUSINESS
September 25, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
A federal thrift agency has filed a civil racketeering lawsuit against Saudi European Bank and its owner and operators, alleging that they schemed to defraud the failed Lincoln Savings & Loan out of $18 million six years ago. The lawsuit, filed by the Resolution Trust Corp. on behalf of Irvine-based Lincoln, also asserts that Charles H. Keating Jr.
BUSINESS
September 25, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
A federal thrift agency has filed a civil racketeering lawsuit against Saudi European Bank and its owner and operators, alleging that they schemed to defraud the failed Lincoln Savings & Loan out of $18 million six years ago. The lawsuit, filed by the Resolution Trust Corp. on behalf of Irvine-based Lincoln, also asserts that Charles H. Keating Jr.
BUSINESS
June 25, 1992 | From Times Staff and Wire Reports
Former Banker Settles in Keating Lawsuit: Richard A. Fenn of New York, a former vice chairman of Saudi European Investment Corp. and senior executive at Saudi European Bank, agreed to pay an undisclosed sum to settle accusations against him in the $1.2-billion civil trial against former Lincoln Savings & Loan chief Charles H. Keating Jr. and his associates and professional advisers.
BUSINESS
June 17, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
A federal judge on Tuesday dismissed a French bank from the $1.2-billion civil fraud and racketeering suit against former Lincoln Savings & Loan owner Charles H. Keating Jr. and those who helped him allegedly bilk investors. U.S. District Judge Richard M. Bilby in Tucson determined that lawyers for investors in Keating's American Continental Corp. had not proved that Societe d'Analyses et d'Etudes Bretenneau shared any blame in the nation's worst S&L failure.
BUSINESS
February 5, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
More than a dozen defendants once involved with former Lincoln Savings & Loan owner Charles H. Keating Jr. began making their final pleas Tuesday to be released from a series of complex civil lawsuits brought on by the collapse of the Irvine thrift three years ago. U.S. District Judge Richard M. Bilby said he expects to rule by week's end on more than three dozen motions to throw out all or parts of the conspiracy, fraud and racketeering allegations against the defendants.
BUSINESS
March 18, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
The accounting firm of Touche, Ross & Co. never joined Charles H. Keating Jr. and "his merry band of thieves" in conspiring to loot Lincoln Savings & Loan, a lawyer for the accounting firm told a federal court jury Tuesday. Touche, now called Deloitte & Touche, is a "scapegoat, someone to blame," for the 1989 collapse of the Irvine thrift and its parent company, American Continental Corp., John T.
NEWS
November 1, 1989 | WILLIAM J. EATON, TIMES STAFF WRITER
Charles Keating Jr. and members of his family received $34 million in salaries, bonuses and payments for their stock from American Continental Corp. in the three years before it went bankrupt and its major subsidiary, Lincoln Savings & Loan Assn., was taken over by the federal government, federal regulators disclosed Tuesday. Lincoln's collapse is expected to cost taxpayers up to $2 billion, and has raised questions about the involvement of legislators, including Sen. Alan Cranston (D-Calif.
BUSINESS
September 25, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
A federal thrift agency has filed a civil racketeering lawsuit against Saudi European Bank, its owner and operators, alleging that they schemed to defraud Lincoln Savings & Loan out of $18 million six years ago. The lawsuit filed by the Resolution Trust Corp. on behalf of the failed Irvine-based thrift also asserts that Charles H. Keating Jr.
NEWS
December 13, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
Charles H. Keating Jr. and four associates were indicted Thursday on 77 counts of racketeering, bank fraud and other charges, marking the culmination of an intense, 2 1/2-year federal investigation into the failure of Lincoln Savings & Loan. U.S. Magistrate Rupert J. Groh Jr. set Keating's bail at $2 million, saying he represented a "serious risk of flight."
NEWS
June 23, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
The last major defendant in the $1.2-billion securities fraud case brought by small investors in Charles H. Keating Jr.'s financial empire settled Monday for $8.5 million in cash and services, providing hope that investors can begin to get refunds by late this summer. The accounting firm of Touche, Ross & Co., now known as Deloitte & Touche, has agreed to pay $7.5 million in cash and provide $1 million worth of services to the investors. A small economic consulting firm, Lexecon Inc.
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