Charles Keating

Charles Keating was an American businessman known for leading Lincoln Savings and Loan Association in the 1980s. He became infamous after the savings and loan crisis when his bank, fueled by risky investments, failed in 1989. The collapse led to a major financial scandal, with Keating accused of fraud and misconduct. His case brought attention to improper banking practices and regulatory oversight, ultimately resulting in criminal charges. Keating's actions and the scandal highlighted the risks of deregulation and had lasting impacts on financial industry regulations.