Mortgage Company CFO Sentenced to 60 Months in Prison

Delton de Armas, a former chief financial officer (CFO) of Taylor, Bean & Whitaker Mortgage Corp. (TBW), was sentenced today to 60 months in prison for his role in a more than $2.9 billion fraud scheme that contributed to the failure of TBW. De Armas was sentenced June 15, 2012 by U.S. District Judge Leonie … Read more

Mortgage Banker Faces Jail Time While Others Already Sentenced for TBW and Colonial Bank Fraud

Delton de Armas, a former chief financial officer (CFO) of Taylor, Bean & Whitaker Mortgage Corp. (TBW), pleaded guilty today to making false statements and conspiring to commit bank and wire fraud for his role in a more than $2.9 billion fraud scheme that contributed to the failures of TBW and Colonial Bank. The guilty … Read more