"In 1999, on the eve of the retrial of the federal case, Keating entered a plea agreement: he admitted to having committed bankruptcy fraud by extracting $1 million from American Financial Corp. while already anticipating the collapse that happened weeks later; in return, the federal prosecutors dropped all other charges against him and his son. He was sentenced to the four years he had already served.
"Add the civil suits and judgements against him.
"Keating remains unrepentant, maintaining that not his mistakes but regulator's actions were ultimately responsible for the losses."
http://www.campusprogram.com/reference/en/wikipedia/c/ch/charles_keating.html
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