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Word: wolfswinkel (lookup in dictionary) (lookup stats)
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...awarded $3 billion in damages against Charles Keating Jr. and three co-defendants for swindling thousands of savings and loan investors. The huge award may end up being more a symbol of public anger about the S&L debacle than a collectible judgment. The jury found that developer Conley Wolfswinkel, the Saudi European Investment Corp. and Continental Southern conspired with Keating and officers in American Continental and its Lincoln Savings subsidiary to mislead government ( regulators. Keating, 68, is in prison in California on state criminal charges stemming from the same transactions...

Author: /time Magazine | Title: Fall of The Mighty | 7/20/1992 | See Source »

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