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With the assistance of people like Speaker of the House Jim Wright and the Keating Five, he was able to convert Lincoln Savings and Loan Association into a Ponzi scheme, making millions for himself, while suppressing the investigative and regulatory functions of the FHLBB.
In 1990-91, he worked closely with Robert S. Bennett, then the Special Counsel for the Senate Ethics Committee in the investigation of the so-called “Keating Five.”