Archive for April 20th, 2011

The Coloradoan: Man, 72, Accused Of Ripping Off Fellow Seniors In Ponzi Scheme — Including 100-Year-Old Man

The Coloradoan: Man, 72, Accused Of Ripping Off Fellow Seniors In Ponzi Scheme -- Including 100-Year-Old Man

The Coloradoan, citing an arrest affidavit, is reporting that Richard Horace Mayfield, 72, has been charged with ripping off 22 people in a Ponzi scheme.  One of the alleged victims is a 100-year-old man. “Most” of the victims were senior citizens, the newspaper reported. Website visitors were told that “Jesus” was the answer to overcoming […]

BULLETIN: Judge Orders Lee Bentley Farkas Detained After Conviction In $2.9 Billion Fraud Caper That Rocked Banking System; Former Taylor, Bean & Whitaker Chairman Once Bragged He Could Could ‘Rob A Bank With A Pencil,’ Prosecutors Say

BULLETIN: Judge Orders Lee Bentley Farkas Detained After Conviction In $2.9 Billion Fraud Caper That Rocked Banking System; Former Taylor, Bean & Whitaker Chairman Once Bragged He Could Could 'Rob A Bank With A Pencil,' Prosecutors Say

BULLETIN: A federal jury in Virginia has returned guilty verdicts on more than a dozen counts filed against Lee Bentley Farkas, the former chairman of Taylor, Bean & Whitaker (TBW). A federal judge ordered Farkas, 58, taken into custody immediately. Farkas, accused of contributing to the U.S. mortgage meltdown and the failures of both TBW […]