April
2017

Lee Farkas Lee Farkas is a Greedy Bastard Off With Lee Farkas's Head

Lee Farkas, the former chairman of failed Florida mortgage lender Taylor, Bean & Whitaker Mortgage Corp., was indicted on June 16, 2010, on charges that he engineered a multibillion-dollar fraud.
Lee Farkas
Police Mugshot

Farkas’s former company, Taylor, Bean & Whitaker Mortgage Corp., which once was one of the nation’s largest home lenders, allegedly lied about the health of loans it was servicing for the Federal Housing Administration, according to prosecutors. He managed to cheat the Federal Housing Authority out of a whopping $3 billion.

Farkas also is alleged to have wrongly attempted to obtain more than $550 million from the government’s bank-bailout fund, which makes this the largest TARP fraud case to date. (Source: Nathan Koppel, The Wall Street Journal Law Blog, June 17, 2010.)

"In 2009, TBW was one of the largest privately held mortgage lending companies in the United States. According to the indictment, the fraud began as early as 2002 in an effort to conceal significant TBW operating losses. It then evolved over the course of seven years as Mr. Farkas and his co-conspirators sought to misappropriate hundreds of millions of dollars from Colonial Bank and Ocala Funding, a mortgage lending facility that was controlled by TBW and financed by large banks", said DoJ's Assistant Attorney General Lanny Breuer.

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Vile Quotes

"America does not have an aristocracy or a plutocracy."
Art Pope

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Vile Comments

I seriously doubt that if Michaele was indeed a socialite she’d be employed as a
receptionist, department store clerk or makeup artist… Paris Hilton she is not….
These two are posers who don’t pay their bills and are taking this reality/celebrity train
for all its worth…They are both idiots.

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