december march american athlete lawyer real estate developer banker activist best known role savings loan scandal late 1980s champion swimmer 1940s late 1950s 1970s noted anti pornography activist founding organization serving member president commission pornography 1980s ran took advantage restrictions banking investments enterprises began suffer financial problems investigated federal financial contributions requests regulatory intervention sitting senators led legislators dubbed lincoln failed cost federal government billion customers left worthless bonds early 1990s convicted federal state courts counts fraud conspiracy served half years prison convictions overturned pleaded guilty limited set wire fraud bankruptcy fraud counts sentenced time served spent final years low profile real estate activities death early life military service born december cincinnati ohio devout roman catholic family son grew neighborhoods city younger brother william born father came kentucky managed dairy lost leg hunting accident fell long decline disease wife death began swimming catholic summer camp involved sport attended good student swim team years ran track played football swimming led team championships set school records named state captain team senior year graduated semester fall left poor grades advanced finishing sixth yard enlisted united_states_navy spend years trained carrier based night fighter pilot flying world war stationed florida flew armed services swimming meets narrowly escaped injury night naval air station beach neglected lower landing gear wrecked plane unexpected belly landing additional training new intercept methods squadron transfers war ended deployed combat theater education swimming ready return college finishing navy service abilities swimmer attractive recruit despite having dropped earlier cut deal accept academic credit navy service months liberal arts courses entering law school won yard championship march competed yard packed house spectators yale_university whitney gymnasium exciting forth contest future coaching legend prevailed foot win championship time event later reclassified butterfly ncaa records evolution involving strokes national championship sport teammate roy named americans imposing feet inches natural leader captain team said tell going successful ambitious way followed swimming finishing second future olympic gold medalist yard april national championships received law degree later named member university long time supporter swimming beginning brother william donated cincinnati build state art competition pool school swimming team went win state titles named brothers father inducted initial class athletic building named honor donations family construct funded cincinnati swim club swimmers summer olympics squad roster including future olympic champion later moved phoenix built trained marriage family married minded catholic established cincinnati family children daughters mary elizabeth son daughter mary married swim summer olympics winning medal swam summer olympics finishing fifth meter grandson competed summer olympics swimmer won medals overall grandson petty officer 1st class navy seal killed age combat isis iraq early legal business career law school graduation spot legal work fbi joined law firm corporate law entered business world ventures involved selling life insurance running fruit stand working brother william mutual friend law school founding partner cincinnati law firm beginning late 1950s took client rapidly accumulating ice cream stores real estate savings loans soon essentially sole client filed requests behalf small company scientists office ohio unknown fbi suspected application fraudulent launched investigation charges admitted bar created holding company disparate businesses created financial instruments business named board directors company anti pornography activism joined priest leading group concerned catholics cincinnati concerned dangers pornography began giving talks subject parents groups testified mail order pornography saying capable poisoning mind age entire younger generation closely tied juvenile quoting report communist conspiracy print materials mentioned links pornography communism times distanced anti communist groups early 1960s stated percent materials produced profit ideological reasons told congress better blaming america communists founded later renamed number times best known law advocated reading classics grow chapters members nationwide largest anti pornography organization nation absorbed groups structure initially grew frustrated local chapters taking aggressive actions approve gave controlled focus national magazine film production greater role legal actions decades million letters behalf position filed series gained nickname clean produced film featuring announcer survey available materials asserted pornography led moral decay lesser known films produced distributed screened frequently country remained print long time national reputation issue led president nixon appoint pornography begun nixon predecessor majority commission issued report concluded pornography morals adults cause crime recommended federal state local laws preventing adults obtaining pornographic materials repealed nixon person commission leading commission report september granted temporary order delay publication report stating needed access report backing materials time write dissent days later given desired materials weeks write report committee filed dissent saying time spread pornography reached epidemic proportions country moral fiber nation rapidly desperate need enlightenment intelligent control threaten declaration moral bankruptcy inherent repeal laws defense decent people profit wrote consult experts chooses write reports studies etc fact lies common sense reason logic man nixon administration supported legal efforts president assigned white_house help draft report commission majority report denounced congressional leaders parties administration commission involvement earned national attention push stringent behavior cincinnati obtained injunction preventing showing cincinnati master film claiming film seized police day opened showing film successfully stopped parts ohio spent defense legal actions said undermine morals nation responded glad case appealed supreme_court ohio upheld prohibition tried block closed circuit showing musical calcutta cincinnati saying appeals interest sex legal action kept sex film theater shut public tried prevent near office selling playboy magazines denounced chain offering adult programming cable television guests local actions involving shutting stores removing books public libraries attributed civil liberties advocates oppressive trend set organization effectiveness handed miller california decision establishing definitions based local community standards adult movie house cincinnati closed hours warned homosexuality example saw behavior film profit included claim slogan saying today conquest tomorrow competition speech miami repeated phrase concluding homosexuality represented endless innocent magazine gave spot enemies pornography list prosecutor ohio trial engaging form organized crime local public opinion ran convicted counts received maximum sentence years prison conviction later overturned appeal verdict established cincinnati community standards regard left arizona influence remained cincinnati center anti pornography biopic people reportedly exaggerated role prosecution trial portrayed actor attempts cincinnati continue late 1990s illegal officially outside lawyer functioned public face close associates business legal matters refer founder company easy access credit lines allowed continually grow web transactions involving company large complex stock analyst stated come company strange paper books left law practice formally joined billion enterprise executive vice president person charge firing employees newly acquired companies business circles gained reputation arrogance took operational involvement town morning newspaper interfered editorial decisions adding coverage high school sports sons involved paper sold group including brother william republican congressman ohio 1st congressional district early 1970s involved sale decision year enter investment banking field lawsuits filed fire aspects involving loans stock sale launched major investigation company charged having investors filing false sec reports particular issue million loan sec said terms resigned august conflicting stories remained close fallen moved phoenix arizona run real estate firm struggling millions losing spin given departure package completed family followed sec case settled signing consent agreement admitted denied guilt agreed violate federal fraud statutes practice blamed irregular financial practices gone reputation significantly damaged benefits arizona wide open territory physical business sense allowed fresh start turned renamed adding operations divisions structure somewhat reminiscent chairman controlling relied heavily family members employing son sons law prominent positions fast career rise company served head fundraising southwest campaign republican_party presidential nomination favorite business community campaign difficulty fundraising successes popular support early december named campaign manager existing manager demoted campaign action immediately fired workers campaign virginia headquarters campaign continued struggle late february manager taking role campaign ended weeks later famously known having spent million gaining delegate having won election president reagan contacted ambassador bahamas spent considerable time run sec resurfaced press reports dropped consideration dismayed subsequently said people like positions like yellow journalism don know good early 1980s profits millions biggest single family home builder phoenix denver peak billion assets large number employees headquarters complex phoenix road corporate jets helicopter hard worker strong presence employees later said magnetic moves things happen office come alive walked inspired loyalty demanded long hours rewarded employees gifts outside company found arrogant difficult deal congressman liked said brother charlie aggressive clearly defined goals don think worries popularity positions fortune profile reported impossible find actually likes story later thousand large yellow like buttons handed employees visitors said lot people nasty things sure ain true liked devout catholic heavy donor charity moved phoenix million million mother operations including lending helicopter arizona visit remote indian reservations state father said makes believe providence companies legal unusually large campaign donations races responsible approving building projects including water usage residential developments built artificial ponds scale donations represented change past practice local phoenix politics council figures opposed trend readily asked funds bought million early 1980s lincoln run enterprise half assets home loans quarter assets considered risk slow growth best shown loss years profit million dollars took fired existing management savings loan associations early 1980s allowing high risk investments money change savings loan operators took advantage later asked got savings loans said know business inside felt relax rules biggest world years lincoln assets increased billion billion lincoln particular investments took form buying land taking equity positions real estate development projects buying high yield bonds sales document period urges staff remember weak ignorant good targets beginning feared savings industry risky investment practices exposing government insurance funds huge losses instituted rule savings associations hold percent assets direct investments prohibited taking ownership positions certain financial entities instruments lincoln bad debt resulting past early investment practices investigated san_francisco office particular violated direct investment rules lincoln directed accounts commercial real estate ventures end office found lincoln million losses surpassed regulated direct investments limit million believed opposed rules told staff san_francisco likely strong moral views took measures oppose including recruiting study private economist saying direct investments harmful trying hire members wives getting president ronald_reagan appointment ally real estate developer march ally resigned news having large loans lincoln appeared government seize lincoln starting january looked help known senators john_mccain soon legal political contributions million senators called help resist personal friend following initial contacts close social personal ties family trips expense aboard jet bahamas retreat cat asked lincoln given judgment limit high risk investments relatively safe home mortgage business allowing business survive letter firm bolstered case government investigation taking long time initially refused meet matter called heated contentious meeting said spent years north vietnamese prisoner war camps courage integrity questioned friendship ended speak april group senators met twice members investigating lincoln attempt end investigation filed lawsuit saying leaked confidential information lincoln outgoing head washington deferred judgment new head sympathetic agreed unprecedented memorandum understanding giving lincoln clean slate forgiveness violations point senators degrees receiving verdict later testified civil lawsuit brought lincoln refused testify failure lincoln lincoln stayed business april assets grew billion billion following past practices amassed large collection connected real estate banking insurance businesses numbered overseas ones aware triumphant having defeated despised useless relics financial past defended high salary business practices spent radio advertisements phoenix area improve public image commercials stressed real estate projects family oriented values los_angeles_times profile assessed businessman apparent peer arizona terms color taken law generally emphasized anti pornography work moved arizona rated movies playboy magazine banned hotels october opened extravagant real estate project acres km2 room resort base construction cost million included imported features saw number instances wife making wholesale late design changes great expense grand project acres km2 mixed use development outside phoenix arizona direction incorporating homes offices industrial buildings schools shopping resort hospital intended eventually house people model 21st century city wrote rules saying intentionally human pregnancy possess adult material removed informed unconstitutional late 1980s real estate market jeopardy building asked interview worried going broke responded time day come office hollow feeling stomach lots time trapped responsibilities carry risky dangerous possibility failure day night way challenge isn point player money disgrace sure big problem hand sure wouldn lincoln grew money lincoln parent variety schemes spent speculative investments personal expenses new regulatory investigation began july indicated doubts accounting practices fired september switched desperate cash losses real estate purchases projects lincoln branch managers convinced customers replace federally certificates deposit higher yielding bond certificates customers later said properly informed bonds risky given state finances bonds backing chair later write lincoln push switch cruel modern memory late began desperate attempts sell lincoln rejected million potential sale buyers meeting federal requirements december found lincoln violation regulations danger default following month ordered stop transferring cash lincoln survival strategy caused stock price tried arrange bond deals place global currency markets generate cash moves failed lost million month got senators pressure let sale time ignored went bankrupt april lincoln seized customers left worthless bonds investors ones living california retirement communities lost life savings later claimed suffered emotional trauma having financial devastation total loss came million million federal government eventually liable billion cover lincoln losses seized institution talking reporters april maintained victim federal government spent years trying destroy said question raised recent weeks financial support way influenced political figures cause want forceful way certainly hope september hit billion fraud action filed proclaimed lost thing wife devastating november testify refused answer questions right self fifth amendment november seized fbi operation known club fed later sold group vastly ambitious project remain deserted sold investment group november estimated cost overall savings loan crisis reached billion media coverage highlighted role feeding convenient symbols arguments gone wrong america financial system society 1980s greed general featured popular culture references deck playing cards marketed called savings loan scandal featured face holding hand images senators portrayed fingers legal consequences blamed government failure sued control bank suit dismissed august judge calling seizure fully justified legal fees running million month september associates indicted counts related having lincoln customers buying worthless bonds went jail post million bond convicted december counts fraud conspiracy asked court recognition considerable sums donated charitable operations april judge gave maximum year prison sentence quoting wit people suffered point fountain pen gun sent medium security serve time son law senior vice president chief executive investment firm owned implicated pleaded guilty federal fraud counts connection collapse agreed testify december sentenced month prison term january federal conviction followed counts fraud conspiracy july given year sentence judge ordered pay million government said million debt assets sell case filed settled said bankrupt agreed repay millions hidden assets discovered case filed resulted summary judgment billion wife largest judgment private person judgment overturned appeal grounds held personally liable government specific criminal conviction decision trial maintained innocence saying political prisoner government largest banking scandal nation history april 9th san_francisco ruled state trial judge given jury faulty instructions law fraud conviction overturned december ruled federal case influenced knowledge discussion results state case threw federal conviction freed years prison later said staying tough thing said gotten prisoners served best man weddings met april eve federal case entered plea agreement admitted having committed counts wire bankruptcy fraud nearly million anticipating collapse happened weeks later federal prosecutors dropped charges son sentenced time served october refused hear government appeal state conviction left convictions plea bargain state prosecutors declined saying bring month jail sentence witnesses died interim bad health replied government left investors rich final years death following release prison separated wife mary moved daughter mary son law neighborhood phoenix 2000s worked business consultant involved successful real estate developments phoenix market kept low profile business operations declined comment john_mccain presidential campaign scandal brought press final years maintained good physical shape swimming walking able public recognized died phoenix hospital march age undisclosed illness weeks legacy chicago_tribune lengthy profile said summary complex man gross aggressive man got desperate real estate market crossed line business usual fraud con artist finally got caught masked greed book trust presents complex individual contradictory tendencies concludes built things level looks records thought schemes work simply rob bank broke bank dreams simply thief money deals projects instead pocket businessman simply trying profit create jobs need jets fancy meals big family devout faith hundreds millions dollars worth bonds old people knew empire jeopardy maintained mistakes criminal deeds actions responsible major losses study claim actions responsible lincoln failure presents actions favorable light institute founded bond king convicted charges violating laws 1980s judgment developer later successful hotel luxury segment project achieved vision acquired
Charles Keating