Keating Ruling Stands.Former Lincoln Savings & Loan boss Charles H. Keating Jr. won a final victory before the U.S. Supreme Court, defeating attempts to reinstate his 1991 state court conviction on charges of swindling elderly investors. Without comment, the high court refused to reopen the case, leaving intact lower-court rulings that Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Superior Court Judge Lance Ito Lance Allan Ito (born August 2, 1950 in Los Angeles, California) is a Japanese-American Los Angeles County Superior Court judge, best known for his role in the O. J. Simpson murder trial. He currently hears felony criminal cases at the Clara Shortridge Foltz Criminal Justice Center. had allowed a flawed prosecution. The Supreme Court order left Keating, 76, without any convictions on charges of duping Duping refers to the practice of exploiting a bug in a video game to illegitimately create duplicates of unique items or currency in a persistent online game, such as an MMOG. customers of the Irvine S&L into trading insured deposits for junk bonds issued by Lincoln's parent company, American Continental Corp. in Phoenix. The securities became worthless when Keating's empire toppled into bankruptcy in 1989. More than 21,000 mostly elderly Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, investors lost about $285 million, and taxpayers had to cover nearly $3 billion in Lincoln's losses, making it the nation's second-most-costly thrift failure. |
|
||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion