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ORANGE COUNTY

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From Times Staff and Wire Reports

Former Keating Aide Expected to Change Plea: Judy Wischer, who pleaded guilty to federal fraud and agreed to testify against former boss Charles Keating Jr., is expected to enter a similar plea bargain in state court, a prosecutor said Friday. Wischer is one of several Keating aides and relatives to acknowledge crimes connected with the collapse of Keating’s Lincoln Savings. She had been due in Los Angeles Superior Court Monday for trial-setting on state charges of duping small investors into buying risky bonds. Deputy Dist. Atty. Paul Turley, one of the prosecutors who convicted Keating in state court, said Wischer is due back before Superior Court Judge Lance A. Ito on Sept. 1 to change her innocent plea. She won’t be sentenced until after the federal case against Keating ends. Wischer, 43, of Paradise Valley, Ariz., pleaded guilty in May to two federal counts of bank fraud and one of securities fraud. The charges carry a maximum 15-year prison term. She was a director of Irvine-based Lincoln and president of its parent, Keating-owned American Continental Corp. of Phoenix.

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