Bean & Whitaker Mortgage Corp.
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.
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.
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.