Charles Antonucci Sr., former CEO of the former Park Avenue Bank, charged with 10 counts of fraud, bribery and other crimes related to his management of the bank. He was charged with attempting to defraud TARP of roughly $11 million. Since March 1, Operation Stolen Dreams has arrested 485 people for their involvement in mortgage fraud losses exceeding $2.3 billion. The public is going to want to know exactly how Lee Farkas went from being chairman of one of the nation’s top private mortgage home lenders, to wearing an orange-striped jumpsuit in U.S. District Court.”]
Source: https://www.cuinfosecurity.com/blogs/mortgage-fraud-farkas-wasnt-first-p-589