Taylor Bean’s Farkas Loses Bid to Overturn Convictions
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Taylor Bean & Whitaker Mortgage Corp.’s ex-Chairman Lee Farkas lost a bid to overturn his convictions for orchestrating a $3 billion scheme prosecutors said was among the biggest bank frauds recorded in the U.S.
The U.S. Court of Appeals in Richmond, Virginia, today found nothing in Farkas’s trial that would warrant reversing any of his 14 convictions, rejecting arguments he was deprived of a fair trial.