Keating ordered to pay $2.1 billion
Article Abstract:
Former American Continental chmn Charles H. Keating Jr was ordered by a federal jury to pay $2.1 billion of a total of $4.5 billion damages in a fraud cases. Keating was one of four co-defendants convicted of defrauding Lincoln Savings and Loan investors by selling them uninsured junk bonds.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1992
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Keating sentenced to 10 years in prison
Article Abstract:
Former Lincoln Savings and Loan Assn owner Charles H. Keating, Jr., was sentenced on Apr 10, 1992, to 10 years in prison for fraud. Accounting firm Ernst and Young and law firm Jones, Day, Reavis and Pogue agreed to pay damages.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1992
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Ernst & Young to pay $400 million
Article Abstract:
The accounting firm of Ernst and Young agreed on Nov 23, 1992, to pay a fine of $400 million to settle government claims involving the company's neglect of its duties while performing audits of insolvent savings and loans.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
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