The Federal court for the central district of california hands down United states v. Keating: judge Mariana R. Pfaelzer sentences former Chairman Charles Keating, of American Continental, to twelve and a half years in prison and payment of a fine of 122,000,000 “dollars” for defrauding investors. The loss to depositors is made up through Federal Deposit Insurance, and not paid out of restitution assessed against Keating.
[restored 3/12/2023]
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Charles Keating – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Charles_Keating
Keating Sentence: 12 ½ Years – The New York Times.
query.nytimes.com/gst/fullpage.html/?res=9F0CEEDD1E3DF93AA35754C0A96/595826/0.
Current U.s. National Debt:
