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Publication: European Stars and Stripes Saturday, December 14, 1991

You are currently viewing page 7 of: European Stars and Stripes Saturday, December 14, 1991

     European Stars and Stripes (Newspaper) - December 14, 1991, Darmstadt, Hesse                                Saturday december 14, 1991 the stars and stripes a Page 7 Keating others charged with racketeering by . Los Angeles apr former Lincoln savings owner Charles Keatingjr. Was led away in chains thursday to Federal prison after he was charged with racketeering. On his Way out he complained he was being made a Scapegoat for the National savings and loan debacle. Keating who left court shackled to his son and co defendant Charles Keating Iii has frequently said authorities were singling him out for prosecution. The elder Keating was attacked on two fronts thursday a criminal Case charging him with racketeering and a civil lawsuit accusing him of fraud. Keating and four co defendants surrendered to Federal Law officers to face the criminal charges a sweeping prosecution that far exceeds the scope of a state Case in which Keating was convicted last week. The Federal charges carry a potential prison sentence of up to 510 years. The 77-count indictment accuses Keating and four others of racketeering to obtain Money through Lincoln to support themselves. They Are charged with Bank and securities fraud conspiracy misapplication of funds and transporting stolen property. The indictment also seeks recovery of at least $265 million in assets allegedly siphoned out of Irvine Calif. Based Lincoln. The defendants said they Are broke. . Attorney Lourdes Baird said Keating and the others victimized not just 23,000 investors who lost $250 million on Bonds sold by Lincoln a Phoenix based Parent american Continental corp., but also . Taxpayers who must foot the bailout Bill of More than $2.5 billion. . Magistrate Rupert j. Groh or. Set bail for Keating at $2 million. Keatings son in Law Bradley Boland said Keating would be unable to raise $2 million. However Groh said prosecutors convinced him Keating was a flight risk and might have stashed Large sums of Cash. In the same courthouse thursday the securities and Exchange commission which polices the Stock and Bond markets filed a civil lawsuit alleging a vast securities fraud scheme and insider trading. The Sec said the scheme by Keating and eight others a systematically and deliberately defrauded thousands of  along with Keating the defendants include Judy j. Wischer 43, former president of acc Keating s son Charles Keating Iii 36, a former officer and director of a acc and Many subsidiaries Keating s son in Law Robert Wurzelbacher 37, a senior acc vice president who headed real estate operations and Andrew f. Ligget 34, acc a chief financial  birth rate jumps study says Washington a the birth rate among teen agers is rising at a rate that recalls the sexual revolution of the l%0s. Counselor say it is because Many teens today think it makes no difference what they do. The National in enter for health statistics which conducted a study said thursday that the birth Rale for women age 15-17 shot up 19 percent in two years altogether. 36 of every 1.000 women Between those Ages had a baby. The study found the birth rate for Black teenagers a so per 1,000 a was nearly three limes that for White teens a 28 per 1,000. Birth rates for other age groups also Rose although not As sharply As among teens. The last time teen age Hirth rates Rose sharply was in the l%0s, when changing morality Cut through old prohibitions on Youthful sex said Stephanie Ventura the demographer who wrote the Agency a report. The report said teen age birth rates peaked in 1972, at 39 out of 1,000 women. They fell steadily through 1986, when fewer than 31 out of ugh teens gave birth. The next year teen births began to Rise again. William Roper director of the Federal centers for disease control was disturbed by the development. He said nearly half the teen agers who had a baby in 1989 failed to get Early prenatal  Man killed in showdown with police Calhoun by. Apr state troopers shot and killed a mentally ill Man who ignored warnings to drop his gun and instead lifted it in their direction investigators said. The dead Man was identified As Edna Lee a a eds Evans 63. Evans suffered from paranoia and schizophrenia had reported hearing voices regularly menaced his neighbors and was once imprisoned for murder officials and court records said. A after it was All Over iwas just shaking like a Leaf Quot said Wales Hunter a 23-year-old photojournalist for the weekly Mclean county news who photographed the confrontation. The incident began when Evans fired at a Mclean county Deputy sheriff tuesday morning state police investigators said. Evans retreated inside when troopers arrived at his House four Miles West of Calhoun in Western Kentucky in response to the Deputy Scall. Evans emerged a Short time later trailing his Roommate Ora Faye Craig 63, with his gun in his left hand. Evans ignored warnings from five armed troopers to drop his weapon and was shot after he lifted it investigators said. No one else was Hurt. Records filed in the Mclean county courthouse said Evans had displayed explosive behaviour suffered from schizophrenia and was mildly retarded. In 1968, he was convicted of first degree murder in Poplar Bluff mo., and sentenced to life in prison. Five years trooper Chuck Payne trains a Shotgun on Edna Lee a a eds Evans As ire from other officers strikes the Kentucky gunman. Later he was transferred to Kentucky where he was paroled in 1980. In 1983, Evans became enraged when a Beech Grove ky., woman kicked him out of the Mobile Home they had shared prompting him to pour gasoline inside the dwelling and Light it. He was found guilty of arson but mentally ill. He received to two years in prison. Hunter said he sat Cross legged in the Middle of a Road and focused his cameras 500mm Lens on Kentucky state police trooper Chuck Payne just before tuesday s confrontation began. As Evans raised the Shotgun Hunter engaged his camera s motor drive which fired two to 2vi frames per second until after Evans collapsed.181 properties offered for Sale at Odic auction Dallas apr More than 2,000 investors bid for 181 properties in 22 states thursday in the governments largest Ever auction of real estate. The Sale by the Federal Deposit insurance corp. Represented about 30 percent of the major commercial assets the Odic has acquired from failed Banks and thrifts. By the end of the Day the auction had taken in at least $180 million exceeding the previous record of. $106 million for a . Real estate Sale. The previous record was set two weeks ago in a Sale by the Resolution Trust corp. A final sales figure for thursday s auction was t expected before monday. The properties were valued at More than $500 million. Hal Ellis chief executive of Grubb amp Ellis the san Francisco real estate service giant coordinating the Sale for the Odic said he expected to sell 80 percent of the properties. Properties ranged from a warehouse in Charlestown mass., that fetched $350,000 to a 159-unit Elpaso Texas apartment Complex that went for $2.1 million. An auctioneer moved the Sale at a dizzying Pace watching four Large screen televisions and getting signals from operators moving around the auction floor. The auction was beamed by satellite to four other bidding centers in Boston Orlando Fla. Denver and los Angeles. Large screens at each site showed bidders who they were up against in the other cities. The final Dollar total May exceed records set by the nation s leading auction houses. Soothe by a and Christie a in new York made about $269 million in separate sales of impressionist paintings in May 1991. In addition to registered bidders at the hotel Ball room in Dallas the Hub of the Sale several Hundred brokers and observers wandered around the Back of the ballroom to watch and record sates. A some of the prices Are absolutely amazing a said Andrew Byrd of general capital corp., a Nashville tenn., real estate investment firm. A it is a buyers  the participants said the auction was the Best Way for the Odic to get rid of the properties and get out of the real estate business. A you get it into the hands of Independent owners they Arentt just going to sit with it a said Donald c Arier a Dallas investor and owner of the Dallas Mavericks a National basketball association team. Quot the faster we get the government out of this mess the cheaper it is for the country a said Mike Yardeni a principal in the Santa i a venture group from 1 1 paso  
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