Saturday, August 25, 2001

Keating disbarred in Ky.




By Terry Flynn
The Cincinnati Enquirer

        FRANKFORT — Charles H. Keating Jr., who pleaded guilty to wire and bankruptcy fraud in 1999, has been permanently disbarred from practicing law in Kentucky.

        In an order dated Thursday, the Kentucky Supreme Court accepted Mr. Keating's resignation from the Kentucky Bar.

        At the request of the Kentucky Bar Association, Mr. Keating resigned under a Supreme Court ruling that allows such a resignation when a member has engaged in unethical or unprofessional conduct. Mr. Keating stated, however, that he was innocent of all charges.

        Mr. Keating, 80, rose to national prominence in Phoenix but grew up in Cincinnati, where he practiced law with his brother, former congressman and Enquirer publisher William J. Keating, and got his start in business.

        Mr. Keating became a symbol of the savings and loan crisis of the 1980s. He was convicted in federal and state court on charges stemming from the $3.4 billion collapse of Irvine-based Lincoln Savings & Loan. The original federal convictions were overturned on grounds that jurors learned of Mr. Keating's state conviction and discussed it. The state conviction was thrown out after an appeals court determined jurors received improper instructions.

       



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