Lee Farkas

Lee Farkas News

FDIC Asks Judge to Toss BofA Suit Over Taylor Bean Fraud

Bank of America Corp. can’t sue to recover $1.75 billion in investor losses stemming from a mortgage-fraud scheme at failed lender Taylor, Bean & Whitaker Mortgage Corp., the Federal Deposit Insurance Corp. told a judge.
Ex-Taylor Bean Chairman Lee Farkas Testifies He Didn’t Commit Crimes

Lee Farkas , the former chairman of Taylor, Bean & Whitaker Mortgage Corp. on trial for allegedly masterminding a $1.9 billion fraud scheme, testified that he didn’t commit any crimes.
Ex-Taylor Bean Chairman Farkas Found Guilty on All 14 Counts in Fraud Case

Lee Farkas , the ex-chairman of Taylor, Bean & Whitaker Mortgage Corp., was found guilty of 14 counts of conspiracy and bank, wire and securities fraud in what prosecutors said was a $3 billion scheme involving fake mortgage assets.
Fannie Mae Silence on Taylor Bean Led to $3 Billion Fraud

The first sign of what would ultimately become a $3 billion fraud surfaced Jan. 11, 2000, when Fannie Mae executive Samuel Smith discovered Taylor, Bean & Whitaker Mortgage Corp. sold him a loan owned by someone else.
Taylor Bean Jury Set to Start Deliberations in Ex-Chair Farkas Fraud Case

The case against Lee Farkas , the ex-chairman of Taylor, Bean & Whitaker Mortgage Corp. and accused mastermind in a “stunning” mortgage fraud, ended with prosecutors saying he stole millions of dollars out of greed and his lawyer saying Farkas is innocent while others made mistakes.
Ex-Taylor Bean CEO Says Chairman Farkas Diverted Funds to Mask Shortfall

Taylor, Bean & Whitaker Mortgage Corp.’s former chief executive officer, Paul Allen , said the company’s chairman, Lee Farkas , drained funds from a unit in a bid to hide shortfalls at the mortgage lender.
Gibson Dunn, Drinker Biddle, Venable: Business of Law

Gibson, Dunn & Crutcher LLP appointed corporate partner Beau Stark as the partner in charge of the firm’s Denver office. He replaces Richard Russo, who retired from the firm.
Ex-Taylor Bean Chairman Farkas Gets 30 Years for $3 Billion Mortgage Fraud

Lee Farkas, the ex-chairman of Taylor, Bean & Whitaker Mortgage Corp., was sentenced to 30 years in prison for leading a $3 billion fraud involving fake mortgage assets.
Ex-Taylor Bean’s Farkas Sues Insurer Over Legal Expenses for Fraud Trial

Lee Farkas , the ex-chairman of Taylor, Bean & Whitaker Mortgage Corp. who was found guilty in April of what prosecutors said was a $3 billion fraud scheme, sued a unit of American International Group Inc. over $2 million in legal bills.
U.S. Completes Fraud Case Against Taylor Bean Chairman Farkas

U.S. prosecutors finished their case against Lee Farkas , the former chairman of Taylor, Bean & Whitaker Mortgage Corp. accused of masterminding a $1.9 billion fraud scheme that targeted the federal bank bailout program.