An executive convicted of orchestrating a $3 billion fraud as chairman of one of America's largest private mortgage companies was sentenced Thursday to 30 years in prison. Federal prosecutors in northern Virginia had sought a life sentence for Lee Farkas, former chairman of Florida-based Taylor Bean & Whitaker.
They called the case against him one of the most significant arising from the nation's financial meltdown. A federal jury in Alexandria convicted Farkas in April of all 14 counts, including securities fraud and conspiracy.
Domestic Glance
Score another one for James Bopp, the veteran conservative lawyer who has helped kill off much of the country's campaign finance regulatory system. On Monday, the US Supreme Court struck down an innovative Arizona public financing law that would have provided extra public money to candidates who were being outspent by privately funded candidates and independent expenditure groups.
Citigroup released more details about the May attack that compromised some personal information of about 1 percent of its credit card customers.
FBI agents took box after box of address books, family calendars, artwork and personal letters in their 10-hour raid in September of the century-old house shared by Stephanie Weiner and her husband.





























