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U.S. Seeks 385 Years in Prison
for Ex-Taylor Bean Chairman
Wall Street Journal, by Jackueline Palank
Original Article
online.wsj.com/article/SB10001424052702304569504576405640816261656.html?mod=WSJ_hp_LEFTWhatsNewsCollection
Posted By:tisHimself, 6/24/2011 2:26:59 PM
Federal prosecutors said the former chairman of mortgage lender Taylor, Bean & Whitaker Mortgage Corp., Lee Farkas, should spend the rest of his life behind bars because he continues to deny responsibility for the devastation he wrought as the mastermind of a multibillion-dollar “fraud of staggering proportions.” Prosecutors on Thursday filed court papers urging U.S. District Judge Leonie M. Brinkema to impose the statutory maximum prison sentence of 385 years on Mr. Farkas, whom a jury in April found guilty of 14 counts of conspiracy and bank, wire and securities fraud.
U.S. Seeks 385 Years in Prison
for Ex-Taylor Bean Chairman
Wall Street Journal, by Jackueline Palank
Original Article
online.wsj.com/article/SB10001424052702304569504576405640816261656.html?mod=WSJ_hp_LEFTWhatsNewsCollection
Posted By:tisHimself, 6/24/2011 2:26:59 PM
Federal prosecutors said the former chairman of mortgage lender Taylor, Bean & Whitaker Mortgage Corp., Lee Farkas, should spend the rest of his life behind bars because he continues to deny responsibility for the devastation he wrought as the mastermind of a multibillion-dollar “fraud of staggering proportions.” Prosecutors on Thursday filed court papers urging U.S. District Judge Leonie M. Brinkema to impose the statutory maximum prison sentence of 385 years on Mr. Farkas, whom a jury in April found guilty of 14 counts of conspiracy and bank, wire and securities fraud.
