Federal prosecutors say they will retry both Charles Keating and his son (Charles Keating, III) now that their convictions on federal fraud chages have been set aside by a federal judge. The elder Keating became a symbol of the Savings and Loan debacle after federal regulators seized Keating's Lincoln S&L, which cost taxpayers an estimated $2.6 billion. The convictions were overturned because members of the jury knew of and improperly discussed the elder Keating's earlier conviction on state fraud charges. That conviction has also been overturned.
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