DOJ Fights To Keep Anklet On Ex-Taylor Bean Chairman

Law360, New York (October 21, 2010, 2:03 PM EDT) -- The life sentence that would await former Taylor Bean & Whitaker Mortgage Corp. Chairman Lee Bentley Farkas if convicted in a nearly $2 billion fraud scheme is sufficient evidence that he’s a flight risk and should continue to be monitored by a GPS anklet, government prosecutors have said.

Farkas’ flight risk is heightened by the fact that he under-reported his wealth to pretrial service investigators to the tune of at least one house and 10 cars – a value that reaches into the millions and could...
To view the full article, register now.