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Lee Farkas Convicted In $3 Billion Mortgage Fraud Case

ALEXANDRIA, Va. — A jury has convicted the majority owner of what had been one of the nation’s largest mortgage companies on all 14 counts in a $3 billion fraud trial that officials have said is one of the most significant prosecutions to a…

ALEXANDRIA, Va. — A jury has convicted the majority owner of what had been one of the nation’s largest mortgage companies on all 14 counts in a $3 billion fraud trial that officials have said is one of the most significant prosecutions to arise from the nation’s financial crisis.

The jury returned its verdict late Tuesday after more than a full day of deliberations.

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