Farkas | Florida Home Refinancing

Tag Archives: Farkas

Feds: Proposed private bailout for failed Colonial Bank was part of a $1.9 billion fraud

June 17, 2010 – 10:01 am

Lee Farkas, the former chairman and majority owner of Ocala-based Taylor Bean, was indicted Tuesday in Alexandria,…Source: Everything Alabama

By Matthew | Posted in Mortgage Headlines | Also tagged Alexandria, Bailout, Bank 1, Colonial Bank, Feds, Fraud, Majority Owner, Private Bank, Taylor Bean | Comments Off

Former Mortgage Kingpin Facing Fraud Charges

June 16, 2010 – 9:01 pm

Florida mortgage executive Lee Farkas has been indicted on charges that he misappropriated more than $1 billion from Colonial BancGroup in a complicated scheme that began in 2002 to cover up losses at his Taylor…Source: Forbes

By Matthew | Posted in Mortgage Headlines | Also tagged 1 Billion, Colonial Bancgroup, Florida Mortgage, Forbes, Fraud Charges, Kingpin, Losses, Mortgage Executive, Mortgage Florida, Mortgage Fraud | Comments Off