Keating Tries Again: Former thrift owner Charles...
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From Times Staff and Wire Reports
Keating Tries Again: Former thrift owner Charles H. Keating Jr., after exhausting appeals in the state courts, asked a federal court in Los Angeles to reduce or lift the $5-million bail that is keeping him in jail. Keating is accused of defrauding more than 17,000 people out of nearly $200 million through the sale of American Continental debt securities at Lincoln S&L;’s 29 Southern California branches during a two-year period ending in early 1989.
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