Prosecutors say Farkas began his scheme when his own firm started to founder in 2002.
Farkas requested a tour of the facility shortly before his trial began this month.
FORBES: Lee Farkas (Taylor Bean & Whitaker) Finds Closure After Guilty Verdict
"We honestly and truly believe that this was a setup, " said defense attorney George Farkas after sentencing.
His lawyers have asked for a hearing next week to allow Farkas to be out until his sentencing.
FORBES: Lee Farkas (Taylor Bean & Whitaker) Finds Closure After Guilty Verdict
Farkas faces 16 counts of bank, securities and wire fraud after being indicted by a Virginia grand jury.
In an unusual move by a defense team in a white-collar crime, they allowed Farkas to take the stand.
FORBES: Lee Farkas (Taylor Bean & Whitaker) Finds Closure After Guilty Verdict
Farkas, the attorney, said he would speak to authorities about that alleged remark.
"We're passionate about developing innovative solutions for people's frenetic lifestyles, " said Joey Energy Co-founder and Outdoor Industry Veteran, George Farkas.
ENGADGET: Timbuk2 Power Commute carries your gadgets, keeps 'em charged for $199 (hands-on)
Farkas tried to get TARP funds in an effort the government said was fraudulent, but no TARP funds were disbursed.
As if he were seeing ghosts, Farkas provided colorful commentary about the building and the history as he helped write it.
FORBES: Lee Farkas (Taylor Bean & Whitaker) Finds Closure After Guilty Verdict
Well the jury helped Farkas understand that what he did was wrong and found him guilty on all charges presented by the prosecution.
FORBES: Lee Farkas (Taylor Bean & Whitaker) Finds Closure After Guilty Verdict
Lee Farkas built TBW from a small mortgage brokerage firm in 1991 into one of the biggest players in mortgages in the country.
FORBES: Lee Farkas (Taylor Bean & Whitaker) Finds Closure After Guilty Verdict
Farkas misrepresented the nature of the loans to Colonial, the case says, and because of that Colonial recorded them on its books as high-quality.
The scheme eventually mushroomed out of control, so Farkas allegedly started selling fake loans to Colonial to get funding to cover up the deficit.
Farkas is looking at spending the remainder of his life in prison for selling the same mortgages his firm originated to different financial institutions.
FORBES: Florida's Real Estate Pain Continues -- Fraud And The Unintended Consequences
When sentenced on July 1st, Farkas (58), who was taken into custody after the verdict, could be in prison for the remainder of his life.
FORBES: Lee Farkas (Taylor Bean & Whitaker) Finds Closure After Guilty Verdict
Castro's lawyer Michael Farkas said he expects the state charges against his client to be dismissed as long as he keeps cooperating with federal officials.
Alex Farkas of the online UGallery has clients in 30 countries, but half his customers are in New York, so the fair is a no-brainer.
Responding to prosecutors' claims that Mr. Weberman wasn't remorseful, defense attorney George Farkas told the judge his client won't show "mercy" because he is innocent.
Farkas says CarCharging has more than 40 strategic partnerships across multiple business sectors, including multi-family residential and commercial properties, parking garages, shopping malls, retail and municipal parking locations.
The firm was advised on both the purchase and sale of the building by Andrew L. Farkas, chief executive of Island Capital Group, which had an equity stake in the buidling.
In an interesting piece by Suevon Lee of Ocala.com, the tour was led by local Ocala Realtor Bartow McDonald that chaperoned Farkas and his legal team around the dormant TBW headquarters.
FORBES: Lee Farkas (Taylor Bean & Whitaker) Finds Closure After Guilty Verdict
"I am very proud of my accomplishments and the many benefits that I have secured on behalf of my district over the last four years, " Mr. Castro said in a statement released by his attorney, Michael Farkas.
应用推荐