Ex-Taylor Bean Head Asks Justices To Hear $2.9B Fraud Rap

Law360, New York (August 7, 2015, 6:01 PM EDT) -- Former Taylor Bean & Whitaker Mortgage Corp. Chairman Lee Farkas has asked the U.S. Supreme Court to review his conviction and 30-year sentence over an alleged $2.9 billion fraud scheme, blaming his plight on error-prone trial and appeals court lawyers.

In a July 27 petition, Farkas’ new attorney at Fahringer & Dubno said the defendant had not received a fair shake due to a series of mistakes by previous counsel. Farkas is serving time in a North Carolina jail after being convicted of orchestrating a scheme to plunder TBW and Colonial Bank, both of which collapsed.

According to the petition, Farkas’...

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