Billion dollar loan mortgage fraud.

[The Operative]

A longer article with more details about what happened at Taylor, Bean & Whitaker can be found at http://www.ocala.com/article/20100616/A ... ?p=1&tc=pg

A separate civil complaint filed by the U.S. Securities and Exchange Commission in U.S. District Court in Virginia details those activities even further, stating that Taylor Bean's troubles began in first quarter 2002, when its cash flow was “insufficient to cover its growing business.”

It began overdrawing its limited warehouse line of credit with Colonial by about $15 million each day and Farkas allegedly “pressured an officer of Colonial Bank to assist in concealing TBW's overdraws,” states the complaint.

By December 2003, Taylor Bean was withdrawing its accounts with Colonial “by approximately $150 million on a nearly daily basis,” according to the complaint.

[Uk_property]

So bad to find out that all that amount of money lost by fraud mortgage.

But can this money come back to its owner by tracking it.

[Judge Roy Bean]

TB&W was just another enabler who enriched themselves as long as they could while the casino was still open.

I think we really need to wonder why Farkas is being singled out.