Not guilty plea from ex-chief of mort­gage lender in bailout case

Austin American-Statesman - - BUSINESS -

The for­mer head of a mort­gage lend­ing com­pany ac­cused of schem­ing to steal more than $500 mil­lion from the govern­ment’s fi­nan­cial bailout fund has pleaded not guilty in the case. Lee Bent­ley Farkas en­tered the plea in Alexan­dria, Va., to charges in­clud­ing con­spir­acy, bank fraud and wire fraud in con­nec­tion with the al­leged plot at Tay­lor, Bean & Whi­taker Corp.

U.S. District Judge Leonie Brinkema set a Nov. 1 trial date de­spite protests from Farkas’ lawyer that it will be im­pos­si­ble for the de­fense to go through the mil­lions of pages of doc­u­ments in the case by that time.

Lee Bent­ley Farkas

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.