Patrick Stokes

Enron’s Skilling in Talks With U.S. on Possible New Term

Jeffrey Skilling, the former Enron Corp. chief executive officer, is in talks with the U.S. Justice Department to possibly reduce his 24-year sentence for helping mastermind the fraud that brought down the world’s biggest energy-trading company.

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 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.

Taylor Bean Ties to Freddie Mac Loom in $1.9 Billion Mortgage-Fraud Trial

Lee Farkas , the former chairman of Taylor, Bean & Whitaker Mortgage Corp., went on trial today as the accused mastermind of a $1.9 billion fraud conspiracy. Looming in the background was the company’s relationship with the bailed-out federal mortgage financier, Freddie Mac.

Ex-KBR CEO Stanley Gets 2 1/2 Years in Prison for Foreign Bribes

Albert “Jack” Stanley, the former KBR Inc. chief executive officer, was sentenced to 2 1/2 years in prison for bribing Nigerian officials to win $6 billion in natural gas contracts for the company and its partners.

IBM’s Moffat, Galleon, BP, MTV, Lehman in Court News

Robert Moffat, an ex-International Business Machines Corp. senior vice president ordered to spend six months in prison for his role in an insider-trading scheme, will start serving his sentence early to get it out of the way.

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.

U.S. Drops Charges Against Former Merrill Banker Brown in Enron Barge Case

Merrill Lynch & Co. former banker James A. Brown won’t be retried on fraud charges related to his alleged role in an Enron Corp. scheme involving the sham sale of Nigerian electricity-generating barges.

Taylor Bean Ex-President Bowman Gets 30-Month Fraud Sentence

Raymond Bowman , former president of Taylor, Bean & Whitaker Mortgage Corp., was sentenced to 2 1/2 years in prison for his part in a $3 billion mortgage fraud.

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.

"He killed a bank, Colonial Bank."

- Patrick Stokes on Jun 30, 2011

Justice Department

Taylor Bean

Virginia

Apple’s Ive Seen Risking iOS 7 Delay on Software Overhaul

J.C. Penney Apologizes in Ad Developed Under Former CEO

U.S. Stocks Fall on Economic Data as Fed Maintains Plan

S&P 500 Drops From Record; Oil Slides, Treasuries Rally

Fed Maintains QE Pace, Prepared to Alter as Economy Evolves