Law360, New York (June 16, 2010, 6:50 PM ET) -- The former chairman and majority owner of bankrupt mortgage lender Taylor Bean & Whitaker Mortgage Corp. has been indicted for his alleged role in a more than $1.9 billion fraud scheme that contributed to the downfall of the company.
Lee Bentley Farkas has been charged in the U.S. District Court for the Eastern District of Virginia with one count of conspiracy to commit bank, wire and securities fraud; six counts of bank fraud; six counts of wire fraud; and three counts of securities fraud, prosecutors said...
Ex-Taylor Bean Owner Charged With $1.9B Fraud
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