San Diego

Philip Keith, the former investment broker for the UC San Diego Foundation, was placed on five years’ probation for his April 4 grand theft conviction involving the disappearance of more than $100,000 from the foundation.

Keith was sentenced by San Diego Superior Court Judge Daniel Kremer, who noted that Keith has already paid $113,000 in restitution and interest.

Kremer ordered Keith to repay his former employer, La Jolla Securities, $9,307.53, involving a loss from the same securities fraud. He also ordered him to perform 250 hours of community service work by July 1, 1986.

In addition, the judge ordered Keith to participate for 120 days in a work-furlough program in which he will check into jail at night and leave each day for work. Under the conditions of his probation, Keith was barred from selling securities for five years and ordered to pay a $200 fine.

Jack Phillips, Keith’s attorney, told Kremer the losses stem from pressures Keith had from his ex-wife and the ex-husband of his new wife. Kremer responded that others have domestic problems and that that is “not an excuse for criminal behavior.”

Phillips said Keith recently lost his expensive Coronado home and now works for the Information Network Co. Phillips urged a sentence of 90 days of work-furlough.

Deputy Dist. Atty. Bob Sullivan said he went along with the proposed sentence because Keith has paid the UCSD Foundation back. If he had not, Sullivan said, he would have asked that Keith serve a state prison term.