Former Taylor Bean & Whitaker Mortgage Corp. Chairman Lee Farkas allegedly siphoned more than $50m from the Florida mortgage lender for his own “personal financial gain,” according to a bankruptcy court filing. Taylor Bean said Farkas, the Florida businessman who built Taylor Bean from a small mortgage company into the nation’s largest mortgage lender not owned by a bank, “withdrew substantial sums of money from TBW for his own personal benefit or for the benefit of business ventures that he owns or controls.”