Charles Keating was an American businessman and lawyer, best known for his role in the savings and loan crisis of the 1980s. He founded the Lincoln Savings and Loan Association and became a prominent figure in the financial industry. However, his practices led to significant losses for investors and contributed to the collapse of numerous savings and loan institutions. In the early 1990s, Keating was implicated in a major scandal involving fraud and mismanagement. He faced legal challenges and was convicted of fraud, racketeering, and conspiracy. His case highlighted the need for regulatory reforms in the banking sector to prevent similar crises in the future.