Charles H. Keating Jr., the symbol of the savings and loan collapse of the 1980s, was jailed for allegedly applying for a passport to leave the country.
Keating was being held in a federal lockup in Phoenix without bail after surrendering to authorities Friday, said a spokesman for the U.S. attorney's office Saturday.
Keating's attorney Stephen Neal said Keating needed the passport because he was asked to be a consultant on a hotel project in Belize. He said papers would be filed with federal court Monday in an attempt to free his client.
The job offer was Keating's first since he was freed from federal prison in October 1996 after a federal judge threw out convictions for racketeering, conspiracy and fraud in connection with the failure of Irvine-based Lincoln Savings & Loan.