Keating Lincoln Savings Civil RICO Fraud Indictment

| Importance: 9/10

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.

Key Actors

Charles H. Keating Jr. Charles Keating III

Tags

financial-fraud savings-and-loan-crisis corporate-crime racketeering white-collar-crime

Sources (3)

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