Judge Orders Split of Keating Assets
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LOS ANGELES — A federal judge on Monday told lawyers for the government and for those involved in civil lawsuits against Charles H. Keating Jr. to work out a plan for splitting his assets and to return to court Feb. 28 for her approval.
U.S. District Judge Mariana R. Pfaelzer in Los Angeles delayed until then a ruling on forfeiting the assets of the one-time operator of Lincoln Savings & Loan, which became the nation’s costliest thrift failure.
Keating stands to lose six lots in Canada, two cars, numerous bank and securities accounts, furniture and other personal property as a result of his year-old conviction for racketeering, fraud and conspiracy stemming from the 1989 collapse of the Irvine thrift.
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