Recent Posts

This Is One Market Crisis Investigation with Positive Results
Posted on 4 Apr 2011 by Thomas O. Gorman

The Taylor, Bean & Whitaker investigation spawned guilty plea number five on Friday. Paul Allen, the former CEO of the collapsed firm, pleaded guilty to conspiracy to commit bank and wire fraud and making false statements. U.S. v. Allen (E.D. Va... Read More

Former Taylor Bean Chairman Found Guilty
Posted on 21 Apr 2011 by Thomas O. Gorman

The collapse of Taylor, Bean & Whitaker, which tumbled Colonial Bank into liquidation, is one of the few market crisis investigations to yield multiple criminal indictments and SEC enforcement actions. Taylor Bean was one of the largest privately... Read More

First Major Criminal Conviction Related to the Mortgage Meltdown
Posted on 25 Apr 2011 by Mark Zimbelman

The Justice Department is celebrating this week after finally landing a major criminal conviction in the aftermath of the mortgage meltdown. The Justice Department was able to stick 14 counts of fraud and conspiracy on Lee Farkas in what is reported... Read More