BANKING & FINANCE - Aug. 7, 1991
From Times Staff and Wire Reports
Prospective Keating Jurors Screened: Charles H. Keating Jr. peered grimly across a Los Angeles courtroom at 98 prospective jurors in the first day of his securities fraud trial, the first prosecution stemming from the $2.6-billion collapse of Lincoln Savings. Keating, 67, is the former head of American Continental Corp., an Arizona development company that owned Irvine-based Lincoln. He is charged with 20 counts of selling unsecured, uninsured American Continental junk bonds to Lincoln investors by portraying them as safe when in fact they were extremely risky. Another 200 jury prospects are to be screened today and Thursday.
