Plea Hearing for Mortgage Fraud Scheme
A plea hearing is scheduled today at federal court in Alexandria, Virginia for Delton DeArmas, who was a top executive at Ocala-based Taylor Bean and Whitaker.
The former chief financial officer at the now bankrupt mortgage company is expected to plead guilty to federal charges as part of a $3 billion fraud scheme.
Seven executives at Taylor Bean and Alabama based Colonial Bank, including Taylor Bean's owner Lee Farkas, have already been convicted in a massive mortgage fraud scheme that led to the collapse of both Taylor Bean and Colonial, which had been one of the 25 largest banks in the U.S.
2,000 workers lost their jobs when the company went under.
- MC Mortgage Fraud Part 2
- MARION COUNTY MORTGAGE FRAUD
- Check Fraud Scheme Broken Up in Putnam County
- Woman Arrested in Walmart Fraud Scheme
- Woman Accepts Plea Deal For Dog Attack
- Bus Brawl Hearing
- Burger King Fraud
- Mobile Purchase Fraud on the rise
- Columbia County man suspected of fraud
- Multiple arrests made in Mortgage Fraud Case