Taylor Bean

  • Deloitte settles Taylor Bean auditing lawsuits

    At the heart of the first suit were allegations that Deloitte conducted audits of Taylor Bean in a sloppy fashion, missing mistakes that eventually caused the bank to go under.

  • BofA’s suit against FDIC thrown out

    The Federal Deposit Insurance Corp. (FDIC) can breathe a sigh of relief. On Monday, a judge tossed the suit Bank of America (BofA) filed against the FDIC over $1.7 billion in investor losses.

  • Taylor Bean CFO admits to fraud

    The failed mortgage company’s chief financial officer admitted to participating in the nearly $3 billion scheme that landed its CEO Lee Farkas in prison for 30 years and led to the collapse of the company.

  • Deloitte's key auditor defense strategy might crumble

    On Monday, news broke that accounting and consulting firm Deloitte was named in two lawsuits alleging it failed to detect fraud during a nine-year span of audits of the now-collapsed Florida mortgage company Taylor Bean & Whitaker.

  • Deloitte sued for $7.6 billion

    If the bean counters can’t count, or choose not to report what they see, who can you trust? Accounting firm Deloitte Touche Tohmatsu Ltd. is now the defendant in a pair of lawsuits alleging it failed to detect (or report) massive fraud spanning nearly a decade at a now-defunct Florida...

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