BANKING & FINANCE - Jan. 23, 1992

Keating Sentencing Delayed: Los Angeles Superior Court Judge Lance A. Ito delayed sentencing of Charles H. Keating Jr. until April 10 to give the onetime owner of Lincoln Savings & Loan time to prepare a private probation report. Keating, convicted Dec. 4 of 17 charges of state securities fraud, was to have been sentenced Feb. 7. But federal indictments in Los Angeles and Phoenix and an effort by federal prosecutors to disqualify his lawyers gave him little time to prepare for his sentencing, Ito determined. The 68-year-old former Arizona developer, who had sought a delay until May 7, faces 10 years in prison and a $250,000 fine. He was found guilty of defrauding holders of bonds in the Irvine thrift’s parent, American Continental Corp. of Phoenix.