Former TBW Financial Analyst Pleads Guilty in One and a Half Billion Dollar Fraud Scheme
April 5, 2011
Total Loss:
$1.5 Billion
Sean W. Ragland, a former senior financial analyst at Taylor, Bean & Whitaker (TBW), pleaded guilty today to conspiring to commit bank and wire fraud for his role in a scheme that defrauded approximately $1.5 billion from financial investors in TBW's mortgage lending facility, Ocala Funding.
Source:
FBI
Posted in:
Internal Fraud
ACH and Wire Fraud