Former Treasurer Pleads Guilty in Scheme that Contributed to the Failure of Colonial Bank
March 1, 2011
Total Loss:
$1.9 billion
Desiree Brown, the former treasurer of a private mortgage lending company, Taylor, Bean & Whitaker (TBW), pleaded guilty today to conspiring to commit bank, wire, and securities fraud for her role in a more than $1.9 billion fraud scheme that contributed to the failures of Colonial Bank and TBW.
Source:
FBI
Posted in:
Account Takeover Identity Theft