Former Taylor Bean President Says Ex-Chairman Led ‘Dummy’ Loan Conspiracy

Former Taylor Bean President Says Ex-Chairman Led ‘Dummy’ Loan Conspiracy
The former president of Taylor, Bean & Whitaker Mortgage Corp., Raymond Bowman , said ex-Chairman Lee Farkas ordered data sent to Colonial Bank for nonexistent loans in an effort to cover up the company’s growing deficits.
Read more on Bloomberg

Former employees sue foreclosure attorney David Stern

Former employees sue foreclosure attorney David Stern
Former employees of the law firm of David J. Stern and a related company have filed a federal lawsuit asking for back wages and benefits because they claim that hundreds of employees were fired without 60 days’ advance notice, as required under federal law.
Read more on SouthFlorida.com

Former Mets Outfielder Dykstra’s Estate Sold At Bankruptcy Auction

Former Mets Outfielder Dykstra’s Estate Sold At Bankruptcy Auction
Former New York Mets outfielder Lenny Dykstra took out $18 million in loans three years ago to buy a California estate overlooking the Sherwood Country Club Golf Course.
Read more on CBS 2 Los Angeles

Former Las Vegas man pleads guilty to mortgage fraud

Former Las Vegas man pleads guilty to mortgage fraud
A former Las Vegas resident pleaded guilty Friday to conspiracy for his involvement in a Nevada mortgage fraud scheme involving straw buyers and falsified mortgage loan documents, Nevada’s U.S. Attorney Daniel Bogden said today.
Read more on Las Vegas Sun

Former AIG exec defends his actions

Former AIG exec defends his actions
Joseph Cassano tells a panel he could have saved taxpayer money had he remained. The former head of the division that brought down American International Group Inc. and triggered a huge government bailout broke a two-year public silence Wednesday, defending his actions at the insurance giant and saying he could [...]

Lawyers seeking jail term for former businessman

Lawyers seeking jail term for former businessman
A former St. John’s businessman — whose mortgage brokerage shuttered in 2004 in the wake of hundreds of thousands of dollars in civil judgments and two licence suspensions by provincial regulators — is facing a hefty jail term.
Read more on The Telegram