Charles Humphrey Keating Jr. Net Worth is $13 Million
Charles Humphrey Keating Jr. Bio/Wiki, Net Worth, Married 2018
Charles Humphrey Keating, Jr. (December 4, 1923 – March 31, 2014) was an American athlete, lawyer, real estate developer, banker, financier, and activist best known for his role in the savings and loan scandal of the late 1980s.Keating was a champion swimmer for the University of Cincinnati in the 1940s. From the late 1950s through the 1970s, he was a noted anti-pornography activist, founding the organization Citizens for Decent Literature and serving as a member on the 1969 President's Commission on Obscenity and Pornography. In the 1980s, he ran American Continental Corporation and the Lincoln Savings and Loan Association, and took advantage of loosened restrictions on banking investments. His enterprises began to suffer financial problems and were investigated by federal regulators. His financial contributions to, and requests for regulatory intervention from five sitting U.S. senators led to those legislators being dubbed "the Keating Five".When Lincoln failed in 1989, it cost the federal government over $3 billion and about 23,000 customers were left with worthless bonds. In the early 1990s, Keating was convicted in both federal and state courts of many counts of fraud, racketeering and conspiracy. He served four and a half years in prison before those convictions were overturned in 1996. In 1999, he pleaded guilty to a more limited set of wire fraud and bankruptcy fraud counts, and was sentenced to the time he had already served.
Founder of an "anti-pornography" organization called Citizens for Decent Literature in Cincinnati, Ohio. He was on President Richard Nixon's Presidential Commission on Obscenity and Pornography in 1969. He was also, as president of Lincoln Savings & Loan in the late 1980s, convicted of multiple counts of wire fraud, racketeering and conspiracy due to his involvement in financial irregularities and criminal activities which led to the collapse of Lincoln Savings, which ultimately cost the US government over $3 billion and which resulted in more than 23,000 depositors losing most or all of the money they had deposited in Lincoln Savings. He served 4-1/2 years in prison before being released in 1996.
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Former lawyer, politician and morality campaigner.
$13 Million
