Lee Farkas, former chairman and CEO of Taylor, Bean & Whitaker, received a 30-year prison sentence for his role in the multibillion-dollar fraud scheme.

GSEs, Ginnie Overlooked 'Red Flags' in TBW Fraud Scheme: Watchdog

Fannie Mae, Freddie Mac and Ginnie Mae all overlooked warning signs about Taylor, Bean & Whitaker that make them partly to blame for the mortgage lender's multibillion fraud scheme, according to a government watchdog report.

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