Charles Keating , the Phoenix businessman and savings and loan owner , may have finally come to a realization of reality . His legal battles against banks , regulators and courts looked like a lost cause . For this reason , he may have considered that flight was the only means of escape . Perhaps the presiding judge at Keating 's hearing also came to this realization when he refused to reduce a five million dollar bail for Keating . "We think (the decision) is unsupportable on the evidence that was introduced this week," Neal said. The latter was indicted on 42 counts of state securities fraud . The judge , in making his ruling , said that Keating , " has significant reasons not to stay around . "
Charles Keating , the Phoenix businessman and savings and loan owner , may have finally come to a realization of reality . His legal battles against banks , regulators and courts looked like a lost cause . For this reason , he may have considered that flight was the only means of escape . Perhaps the presiding judge at Keating 's hearing also came to this realization when he refused to reduce a five million dollar bail for Keating . The latter was indicted on 42 counts of state securities fraud . The judge , in making his ruling , said that Keating , " has significant reasons not to stay around . "