76
      Tuesday
      94 / 76
      Wednesday
      95 / 76
      Thursday
      97 / 77

      Mortgage lending company head indicted

      A federal grand jury has indicted the head of one of the larger privately held mortgage lending companies. The company once had an office in Florence.

      Lee Bentley Farkos of Taylor , Bean and Whitaker Corporation is charged as a co-conspirator in a scheme to steal more than a half billion dollars from the $700 billon financial bailout.

      He was arrested Tuesday night in Florida where his company was once based.

      Federal officials say a special inspector general for the bailout fund uncovered the alleged conspiracy.

      component-story-more_media_horiz-v1-01
      FOLLOW US ON TWITTER