Ex-Taylor Bean Chair's 30-Year Fraud Sentence Upheld

Law360, Los Angeles (July 21, 2014, 5:31 PM EDT) -- Former Taylor Bean & Whitaker Mortgage Corp. Chairman Lee Bentley Farkas on Monday lost his bid to vacate his criminal conviction and 30-year sentence for his role in a $2.9 billion fraud, with a Virginia federal judge ruling that Farkas failed to show that his trial and appellate lawyers were ineffective.

U.S. District Judge Leonie M. Brinkema shot down Farkas' various contentions that his trial and appellate counsel provided ineffective assistance and that the government violated his due process rights by suppressing evidence favorable to him....
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