Opinion by Judge REINHARDT; Partial Concurrence and Partial Dissent by Judge RYMER.
REINHARDT, Circuit Judge:
Most readers of this opinion will be well acquainted with the activities of Charles Keating, whose corporations, American Continental Corporation and Lincoln Savings & Loan, bilked elderly individuals out of millions of dollars of savings by selling them worthless savings bonds. Keating was prosecuted in both federal and state court, and sentenced...
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