Ex-Taylor Bean Official to Enter Plea to Fraud Conspiracy
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A former Taylor, Bean & Whitaker Mortgage Corp. official reached a plea agreement on a conspiracy charge in what prosecutors said was a $1.9 billion fraud that targeted the U.S. bank-bailout program.
Sean Ragland, 37, is scheduled to appear tomorrow for a plea-agreement hearing in federal court in Alexandria, Virginia, according to the case docket. Ragland, identified in court records as having worked in Taylor Bean’s finance and accounting department, is accused of one count of conspiracy to commit bank and wire fraud.