Charles Keating

Charles Keating

Charles Humphrey Keating, Jr. (born December 4, 1923) is an American athlete, lawyer, real estate developer, banker, and financier, most known for his role in the savings and loan scandal of the late 1980s.

Keating was a champion swimmer for the University of Cincinnati in the 1940s. From the late 1950s through the 1970s, he was a noted anti-pornography crusader, founding decency organizations and serving as a dissenting member on the President's Commission on Obscenity and Pornography.

In the 1980s, Keating ran American Continental Corporation and the Lincoln Savings and Loan Association, and took advantage of loosened restrictions on banking investments. His enterprises began to suffer financial problems and were investigated by federal regulators. His association with, and financial contributions to, five U.S. senators to argue for preferential treatment from the regulators led to them being dubbed the Keating Five. When Lincoln failed in 1989, it cost the federal government over $3 billion and about 23,000 customers were left with worthless bonds. In the early 1990s, Keating was convicted in both federal and state courts of many counts of fraud, racketeering, and conspiracy. He served four and a half years in prison before those convictions were overturned in 1996. In 1999, he pleaded guilty to a more limited set of wire fraud and bankruptcy fraud counts, and was sentenced to the time he had already served.

Read more about Charles KeatingEarly Life and Military Service, Education and Swimming, Marriage and Family, Early Legal and Business Career, Anti-pornography Crusading, American Financial Corporation, American Continental Corporation, Lincoln Savings and The Keating Five, Failure of Lincoln and American Continental, Legal Consequences, Legacy

Other articles related to "charles keating, keating, charles":

The Missionary Position - Summary - Associates - Charles Keating
... written by Mother Teresa on behalf of Charles Keating to Judge Lance Ito who was presiding over Keating's trial for defrauding his investors of billions of dollars ... The letter urged the judge to consider the fact that Keating had donated generously ($1.25 million) to the Missionaries of Charity and suggested that Judge Ito "look into ... Turley pointed out to Mother Teresa that Keating was on trial for stealing more than $250 million from over 17,000 investors in his business ...
Charles Keating (disambiguation)
... Charles Keating (born 1923) is an American lawyer and banker, known for his involvement in the savings and loan scandal of the late 1980s ... Charles Keating may also refer to Charles Keating III, American Olympic swimmer Charles Keating (actor) (born 1941), British actor Charles Keating (businessman) (1933–2005), Canadian ...
Charles Keating - Legacy
... The Chicago Tribune's lengthy profile of Keating in 1990 said in summary To say that Charles Keating is a complex man seems a gross understatement ... Michael Binstein and Charles Bowden's 1993 book, Trust Me Charles Keating and the Missing Billions, also presents Keating as a complex individual with contradictory tendencies, and concludes Charlie Keating ... when he knew his empire was in serious jeopardy? Keating steadfastly maintains that it was not his mistakes or criminal deeds but regulators' actions that were responsible for the major losses ...
Keating Muething & Klekamp - History
... The firm was founded as Keating, Muething Keating in 1954 by brothers Charles Keating, Jr ... Keating and John L ... Muething, a friend of Charles Keating's from the University of Cincinnati College of Law ...

Famous quotes containing the word charles:

    Mead had studied for the ministry, but had lost his faith and took great delight in blasphemy. Capt. Charles H. Frady, pioneer missionary, held a meeting here and brought Mead back into the fold. He then became so devout that, one Sunday, when he happened upon a swimming party, he shot at the people in the river, and threatened to kill anyone he again caught desecrating the Sabbath.
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