Keating Is Sentenced for Securities Fraud
At a glance:
- Series: Great Events: 1900-2001
- Categories: Economics, Crime, Law, Legal History, Courts
- Subcategories: Business, Scandals, Corruption, Fraud, Banks, Banking, Finance
- Curriculum: American History 1951-present
- Geographical Location: Los Angeles
- Date: April 10, 1992
Article abstract: Charles H. Keating, Jr., received state and federal prison sentences for securities fraud and racketeering connected with the failure of Lincoln Savings and Loan Association.
The Sentencing
On April 10, 1992, Charles H. Keating, Jr., was sentenced to ten years in the California state penitentiary. He had been convicted on seventeen counts of securities fraud. On July 8, 1993, he was sentenced in federal court to twelve years and seven months for his conviction on seventy-three counts of fraud and racketeering. The federal and state...
[The entire page is 1033 words long]
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