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Ex-GC Says PwC's Audits Critical To $5B Taylor Bean Fraud

By Nathan Hale ( August 18, 2016, 10:23 PM EDT) -- Taylor Bean & Whitaker Mortgage Corp.'s business — and a massive fraud orchestrated by its executives — depended on PricewaterhouseCoopers' validation of Colonial Bank financial statements, the bankrupt mortgage lender's former general counsel testified Thursday in a case aiming to hold the auditor liable for $5.5 billion in damages....

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