Skip to content
Author
PUBLISHED: | UPDATED:
Getting your Trinity Audio player ready...

Charles Keating, the former savings and loan executive who swindled investors out of millions of dollars, was ordered to pay $36.3 million in restitution for directing Lincoln Savings & Loan to make illegal loans, a government lawyer said. U.S. District Court Judge Mariana Pfaelzer in Los Angeles ordered Keating to pay the restitution, said Bruce Rinaldi, a lawyer with the federal government’s Office of Thrift Supervision, which oversees S&Ls.