And this is what the Democrats have wrought upon us all.
A federal grand jury has indicted the chief executive of one of the largest privately held mortgage lending companies in the country for allegedly engaging in a fraud scheme that misappropriated $1 billion from the government's Troubled Assets Relief Program and other targets.
The indictment in Virginia alleges that Lee Bentley Farkas and co-conspirators carried out the scheme at their company, Taylor, Bean & Whitaker Corp. of Ocala, Fla., where Farkas was chief executive.
Farkas is charged with conspiracy, bank fraud, wire fraud and securities fraud.
TBW began to experience cash flow problems in 2002 and in an effort to cover the shortfalls, the company devised a scheme to misappropriate funds from a bank and eventually did so as well from the U.S. government, according to the indictment.
Judas H Priest!
The Snooper Report.
Join us as we Take Our Country Back.
Sic vis pacem para bellum