Former S&L owner waiting for bail shares prison fare

September 21, 1990|By Orange County Register

LOS ANGELES -- Ex-Lincoln Savings and Loan owner Charles H. Keating Jr. sat in his one-man cell and ate lunch with a plastic spoon off a paper plate: a chili and macaroni casserole, a slice of American cheese, coleslaw, bread, ice cream and a choice of Kool-Aid or milk.

For dinner, there was chicken patty with gravy, buttered rice, tossed green salad, bread and an apple for dessert. And a choice of tea or milk.

Mr. Keating can expect at least another day of this jail-house menu while his lawyers try to get him released. His bail was set at $5 million.

In the meantime, he can exercise by riding a stationary bike or walking the floor outside his 6-foot-by-8-foot cell in a high-security section of the hospital wing at the Los Angeles County Central Jail. The only furnishings in his cell are a bunk, sink and toilet.

He can watch television only at specified times. He is not allowed contact with any of the jail's 7,000 prisoners. He must be escorted by a deputy sheriff whenever he leaves the cell.

Such will be the days and nights of Charles Keating, the 66-year-old Arizona millionaire who says he's broke while he waits to learn of his bail.

A 42-count indictment unsealed Tuesday charges that he lied to California bank regulators and duped Lincoln customers into buying millions of dollars worth of uninsured junk bonds.

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