Charles-Keating

Lincoln Savings Seized: $2.3 Billion Loss Exposes Keating Fraud Network

1989-04-14 00:00:00 +0000 UTC | Importance: 9/10

Federal regulators seize Lincoln Savings and Loan, ending Charles Keating’s systematic fraud scheme that ultimately costs taxpayers $2.3 billion—one of the costliest S&L failures in American history. The seizure comes after years of regulatory delays caused by political interference from …

Charles Keating Federal Home Loan Bank Board Resolution Trust Corporation Lincoln Savings and Loan Keating Five Senators charles-keating lincoln-savings s&l-crisis fraud seizure +1 more

Charles Keating Purchases Lincoln S&L: Systematic Fraud Network

1984-02-01 00:00:00 +0000 UTC | Importance: 8/10

Charles Keating, through American Continental Corporation, purchases Lincoln Savings and Loan for $51 million. Exploiting the deregulated environment created by Garn-St Germain, Keating rapidly expands Lincoln’s assets from $1.1 billion to $5.5 billion over four years through high-risk real …

Charles Keating American Continental Corporation Lincoln Savings and Loan Keating Five Senators Federal Home Loan Bank Board charles-keating lincoln-savings fraud keating-five regulatory-capture +1 more