BANKING & FINANCE - Dec. 21, 1993
From Times Staff and Wire Reports
Three More Sentenced in Keating Case: Cohorts of Charles H. Keating Jr. were put on probation by federal judges who lauded them for admitting their guilt early and helping to convict the former operator of Lincoln Savings & Loan. Raymond C. Fidel, a former president of the Irvine thrift, and Ernest C. Garcia II, a Tucson developer and major borrower, were each put on three years probation for their roles in the nation’s costliest thrift failure. Mark S. Sauter, a former lawyer at Lincoln’s parent company, American Continental Corp. in Phoenix, was put on probation for four years and ordered to work 2,000 hours of community service.
