BANKING & FINANCE - June 25, 1993
From Times Staff and Wire Reports
Keating Seeks Delay: Former Lincoln Savings & Loan operator Charles H. Keating Jr. said he needs more time to respond to an “enormously flawed” pre-sentence report and asked a federal judge to delay his scheduled July 8 sentencing until after mid-August. Keating, convicted in January on 73 fraud, racketeering and conspiracy counts, said the U.S. probation office’s secret report is “extraordinarily broad” and contains “highly inaccurate and prejudicial conclusions” based on “complex, confusing and inaccurate” financial data. Federal prosecutors, however, object to any delay. U.S. District Judge Mariana R. Pfaelzer, who has postponed sentencing three times at the request of both sides, will hear arguments Monday.
