Charles H. Keating Jr. was indicted on 42 counts of fraud and racketeering related to the Lincoln Savings and Loan collapse. The indictment exposed massive financial fraud involving risky junk bond investments that led to billions in losses for investors and taxpayers.
Charles H. Keating Jr.Charles Keating IIIfinancial-fraudsavings-and-loan-crisiscorporate-crimeracketeeringwhite-collar-crime
Charles H. Keating Jr.’s Lincoln Savings and Loan Association in Irvine, California, was discovered to have $135 million in unreported losses and substantially exceeded risky investment limits. The bank was selling high-risk, uninsured junk bonds to 22,000 unsuspecting investors, many of whom …
Charles H. Keating Jr.Lincoln Savings and Loan Associationfinancial-fraudsavings-and-loan-crisiscorporate-crimeinvestment-fraudwhite-collar-crime