July 25, 1995 in Nation/World

2 Keating Executives Commit Suicide

Compiled From Wire Services
 
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Two former executives of Charles Keating Jr.’s failed financial empire, which came to symbolize the savings and loan debacle, committed suicide last month.

Former vice president Sheldon Weiner, 41, shot himself in the parking lot of toy store June 16. George “Chip” Wischer, 46, another ex-vice president shot himself at home two days later.

Both men had fallen on hard times after the 1989 downfall of Keating’s Lincoln Savings & Loan, the most expensive thrift failure in U.S. history, costing taxpayers $2.6 billion. Keating was later convicted on charges of looting Lincoln and swindling investors.


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