OTHER NEWS - Jan. 24, 1995
Ruling May Provide Keating With Loophole: Financier Charles Keating’s chances of overturning his securities convictions appeared to improve when the California Supreme Court ruled that prosecutors must prove a known falsehood in the sale of securities. The 6-1 ruling overturned the convictions of John Martin Simon, a Southern California minister and securities promoter who had no connection to Keating but raised a similar legal issue in his appeal. Keating is serving a 10-year sentence for aiding in the sale of securities through false statements.
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