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Episode 65: Financial Home Invasion

Case File

Financial Home Invasion

  • In this episode of American Greed … Lee Farkas was a fast talker and a master manipulator. The high-flying mortgage mogul was once the owner of Taylor, Bean & Whitaker, at the time one of the largest privately held mortgage-lending companies in the U.S. But Farkas was a con man. For more than a decade he peddled fake loans and looted his company leaving thousands of innocent homeowners to live mortgage nightmares. His lies led to one of the largest bank failures in U.S. history.
  • American Greed reveals the inner workings of a $3.5 billion mortgage scam!

Web Extras

  • Farkas Indictment Wednesday, 15 Aug 2012 | 5:24 PM ET

    Prosecutors leveled sixteen counts of mortgage, banking and securities fraud against Lee Farkas.

  • Farkas Letter to Employees Wednesday, 15 Aug 2012 | 5:29 PM ET

    Read the letter sent to Taylor Bean & Whitaker employees informing them of their last day of employment.

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