Savings and loan figure Charles Keating dies at 90
POSTED: Thursday, April 3, 2014 - 6:00am
UPDATED: Thursday, April 3, 2014 - 6:14am
Keating's financial empire crumbled with state and federal convictions for defrauding investors
Phoenix, AZ — The Houston Chronicle is reporting: Charles H. Keating Jr., the notorious financier who served prison time and was disgraced for his role in the costliest savings and loan failure of the 1980s, has died. He was 90.
When Keating's Phoenix-based home construction company, American Continental Corp., bought Lincoln Savings & Loan in 1984, the multimillionaire elevated its worth from $1.1 billion to $5.5 billion in a four-year period.