Lee Farkas

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Key Lending Exec Guilty in $2.9B Fraud

Lee Farkas convicted of bilking Colonial Bank at height of crisis

(Newser) - Lee Farkas, the founder of what was once one of America’s largest mortgage lenders, has been convicted of fraud in a huge scheme to bilk investors with bogus mortgages. Prosecutors said Farkas had orchestrated a plot in which the firm he chaired, Taylor, Bean & Whitaker, secretly overdrew Colonial...

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