Coruscation

After more than a day of deliberations, a federal jury in Virginia found Lee B. Farkas, the chairman of Taylor, Bean & Whitaker, guilty on 14 counts of securities, bank and wire fraud and conspiracy to commit fraud. Mr. Farkas faces decades in prison for his role in the $2.9 billion plot that, prosecutors say, was one of the largest and longest bank fraud schemes in American history and that led to the 2009 collapse of Colonial Bank.