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Taylor Bean Ex-Honcho Owes Insurer $1M, 4th Circ. Rules

By Matt Chiappardi ( April 12, 2013, 4:24 PM EDT) -- The Fourth Circuit on Thursday affirmed a lower court's decision that the convicted ex-chairman of bankrupt lender Taylor Bean & Whitaker Mortgage Corp. will have to give back the nearly $1 million his insurance company laid out for his criminal defense for securities fraud. . . .

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