Keating Told to Pay Added $4.3 Billion : Courts: Lincoln S&L; head is denied a trial by federal judge, who enters summary judgment in case brought by the RTC.

Former Lincoln Savings & Loan Assn. boss Charles H. Keating Jr. has been ordered to pay an additional $4.3 billion by a judge who refused to hold what Keating says would have been his first full trial.

Keating, previously ordered to pay $2.5 billion in the collapse of Irvine-based Lincoln, disclosed last week’s judgment on Wednesday.

The latest judgment was entered against the 71-year-old, imprisoned Keating by Richard Bilby, a Tucson, Ariz.-based federal judge. The case was brought by the Resolution Trust Corp., the federal agency that disposes of the assets of failed S&Ls.;

Bilby granted the RTC’s request for a summary judgment against Keating. Keating had asked for a full trial, saying he wanted to call more than 300 witnesses to show that he had been made a scapegoat for the nation’s S&L; mess by the government.

In a statement issued through his lawyer, Keating attacked the “multiple, duplicative proceedings brought by numerous offices of the federal government.”

Keating contends that he is broke and has been denied a full forum by government pressure on potentially favorable witnesses.

“The government continues to spend vast amounts of taxpayer money to obtain uncollectible judgments against Mr. Keating in amounts far exceeding the fanciful amounts even the government contends were lost at Lincoln Savings,” said a statement issued by Keating’s lawyer, Stephen C. Neal.

Through a spokesperson, Keating said he will appeal Bilby’s ruling.

Keating is serving a 12 1/2-year prison sentence. He was convicted on California and federal charges of defrauding investors in his empire and looting Lincoln so that his family could live royally.

A lawsuit brought by investors had resulted in huge judgments against Keating and phalanxes of lawyers, accountants and other financial professionals who worked for him.

Keating had previously estimated the total judgments against him at $2.5 billion.

In the latest case, the RTC had accused Keating of converting Lincoln and its parent, Phoenix-based American Continental Corp., into a gigantic racketeering conspiracy.

Bilby had split off the RTC’s lawsuit from the one brought by the investors, which contained many of the same allegations.

Lincoln was seized by regulators in April, 1989. The government says the bailout cost taxpayers more than $3 billion, making the thrift’s collapse the nation’s costliest.

Keating maintains that those figures were overstated by bureaucrats he had angered and by the government’s mismanagement of his land, hotel and securities investments.

Formalizing a previously reported agreement, the Securities and Exchange Commission reported Tuesday that Keating has agreed to be banned from acting as an officer or director of any publicly held company.

Without admitting or denying liability, Keating settled the civil SEC charges accusing him of insider trading, filing false financial statements and issuing a false press release while chairman of American Continental.

The charges included an allegation that on seven occasions in 1986 and 1987, Keating sold American Continental stock after the company released inflated financial statements that presumably allowed him to get a better price for his shares. The sales totaled $7.5 million.