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Lee Farkas, former chairman Taylor, Bean & Whitaker Mortgage Corp.
Lee B. Farkas, former chief executive at the Taylor, Bean & Whitaker Mortgage Corp., received a 30-year prison sentence in late June 2011 for his role in a long-running mortgage fraud that federal prosecutors said caused about $2.9 billion in losses and in 2009 brought down Colonial Bank, which had $12 billion in assets in 2009. Prosecutors accused him of using $40 million in company money to finance a lavish lifestyle -- in addition to his generous salary and bonuses.
This June 2010 booking photo, from the Marion County Sheriffs Department , shows Lee Farkas at the time of his arrest.
July 1, 2011