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تيو Charles Humphrey Keating and attorneys

Charles humphrey Keating and attorneys

Charles humphrey Keating, Jr. (December 4, 1923 – March 31, 2014) was an American athlete, lawyer, real estate developer, banker, financier, and activist best known for his role in the savings and loan scandal of the late 1980s.

Keating was a champion swimmer for the University of Cincinnati in the 1940s. From the late 1950s through the 1970s, he was a noted anti-pornography activist, founding the organization Citizens for Decent Literature and serving as a member on the 1969 President's Commission on Obscenity and Pornography. In the 1980s, he ran American Continental Corporation and the Lincoln Savings and Loan Association, and took advantage of loosened restrictions on banking investments. His enterprises began to suffer financial problems and were investigated by federal regulators. His financial contributions to, and requests for regulatory intervention from five sitting U.S. senators led to those legislators being dubbed "the Keating Five".

When Lincoln failed in 1989, it cost the federal government over $3 billion and about 23,000 customers were left with worthless bonds. In the early 1990s, Keating was convicted in both federal and state courts of many counts of fraud, racketeering and conspiracy. He served four and a half years in prison before those convictions were overturned in 1996. In 1999, he pleaded guilty to a more limited set of wire fraud and bankruptcy fraud counts, and was sentenced to the time he had already served.

Early life and military service
Keating was born on December 4, 1923, in Cincinnati, Ohio to a devout Roman Catholic family. He grew up in the Avondale and Clifton neighborhoods of that city. His younger brother William was born in 1927. Their father, charles humphrey Keating, came from Kentucky and managed a dairy. charles Keating, Sr. lost a leg in a hunting accident, and then fell into a long decline from Parkinson's disease around 1931, and was nursed by his wife, Adelle, until his death in 1964.

Keating began swimming at a Catholic summer camp and became passionately involved in the sport. He attended St. Xavier High School, where he was a good student, was on the swim team all four years, and also ran track and played football. In swimming he led the team to three Greater Catholic League championships, set several school records, was named all-state, and was captain of the team in his senior year. Keating graduated from St. Xavier in 1941.

After one semester at the University of Cincinnati in fall 1941, Keating left because of poor grades,[2][4] although he advanced to the NCAA Men's Swimming and Diving Championships in 1942, finishing sixth in the 200 yard breaststroke. He enlisted in the United States Navy, where he would spend four years. He trained in the Naval Air Corps to become a carrier-based night fighter pilot flying F6F Hellcats.

During World War II he was stationed in the U.S., sometimes at Banana Creek in Florida, and flew Hellcats to armed services swimming meets. He narrowly escaped serious injury one night at Naval Air Station Vero Beach when he neglected to lower the landing gear on his Hellcat and wrecked the plane in an unexpected belly landing. Due to additional training on new intercept methods and the vagaries of squadron transfers, the war ended before he could be deployed to any combat theater.

Education and swimming
Keating was ready to return to college after finishing his Navy service in 1945. His abilities as a swimmer made him an attractive recruit, despite his having dropped out earlier. He cut a deal with University of Cincinnati wherein they would accept for academic credit much of his Navy service, then he would take six months of liberal arts courses before entering their law school.

In 1945, Keating won the 200 yard breaststroke at the Ohio Intercollegiate Conference championship. On March 30, 1946, Keating competed in the 200 yard breaststroke at the NCAA Men's Swimming and Diving Championships, before a packed house of 2,500 spectators at Yale University's Payne Whitney Gymnasium. In an exciting, back-and-forth contest with Paul Murray of Cornell University and future coaching legend James Counsilman of Ohio State University, he prevailed by a foot to win the championship with a time of 2:26.2. (The event was later reclassified as the butterfly in NCAA records due to a definitional evolution involving the two strokes.)

This was the first ever national championship in any sport for the University of Cincinnati. He and teammate Roy Lagaly become the first-ever Bearcats to be named All-Americans. Keating was an imposing 6 foot 5 inches, a natural leader and co-captain of the team with Lagaly. Of Keating, Lagaly said, "You could tell even then he was going to be very successful. He was very ambitious. Whatever he did, he did all the way." Keating followed this by, swimming for Cincinnati Gym, finishing second to future Olympic gold medalist Joseph Verdeur in the 220 yard breaststroke at the April 1946 national AAU championships.

In 1948, Keating received his law degree from the University of Cincinnati College of Law and would later be named a member of the university's Athletic Hall of Fame. His son, charles Keating III, swam in the 1976 Olympics, finishing fifth in the 200 meter breaststroke. His grandson Gary Hall Jr. competed in three Olympics as a swimmer and won 10 medals.

Charles Keating was a long-time supporter of U.S. swimming and beginning in 1969 he and his brother William donated $600,000 to St. Xavier High School in Cincinnati to build a state-of-the-art competition pool. The school's swim team went on to win many state titles. St. Xavier named the Keating Natatorium after the brothers' father, and inducted charles Keating into its initial Athletic Hall of Fame class in 1985. The University of Cincinnati's 2006 athletic building is named the Keating Aquatic Center, in honor of William Keating, and donations from the Keating family used to construct it. He funded Cincinnati's Marlins swim club; six swimmers on the 1980 Olympic squad were from its roster, including future Olympic champion Mary T. Meagher. When he later moved to Phoenix, he built the Phoenix Swim Club, where Hall Jr. trained.

Marriage and family

In 1949, Keating married Mary Elaine Fette, who was an athletically-minded Catholic from an established Cincinnati family. They had six children, five daughters (Kathleen, Mary, Maureen, Elaine and Elizabeth), and a son, charles Keating III.
Early legal and business career

After law school graduation, Keating did spot legal work for the FBI, then joined a law firm doing corporate law. On the side, he entered the business world where his ventures involved selling life insurance, running a fruit stand, and working for Roto-Rooter.[21]

In 1952, along with his brother, William, and a mutual friend from law school, he became a founding partner of the Cincinnati law firm Keating, Muething & Keating.[22] Beginning in the late 1950s they took on Carl Lindner, Jr. as a client. Lindner was rapidly accumulating ice cream stores, supermarkets, real estate, and savings and loans, and soon essentially became Keating's sole client. In 1956, he filed requests for Q clearances on behalf of a small company of former Los Alamos Scientific Laboratory scientists with an office in Newtown, Ohio; unknown to Keating, the FBI suspected the application was fraudulent and launched an investigation of him, but no charges were made. Keating was admitted to the U.S. Bar Association in 1958.

In 1960, Lindner and Keating created American Financial Corporation, a holding company of Lindner's disparate businesses that created further subsidiaries and financial instruments, all doing business with each other. Keating was named to the board of directors of the company in 1963.

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قديم 09-26-2014, 06:28 AM   #2
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