Tag: Lee Bentley Farkas

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…

Apr 20, 2011
KABOOM! KABOOM! KABOOM! KABOOM! KABOOM! 5 Separate Federal Probes Lead To Dozens Of Fraud Arrests In Multiple States; 1 Case Alleges Nearly $2 Billion Scheme

BULLETIN: The U.S. government has announced charges against at least 43 defendants in five separate financial-fraud schemes, the largest of which allegedly involved $1.9 billion and contributed to the collapse last year of a bank with 346 branches and a mortage-lending company in Florida. Smaller schemes in cases outlined by federal prosecutors today involved tens…

Jun 16, 2010

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