U.S. Prosecutors Seek Life Sentence for Former Taylor Bean Chairman Farkas

``Farkas fueled his lifestyle of ostentatious wealth by ripping off banks and attempting to steal from the government, all with little to no regard for the consequences to TBW's or Colonial Bank's employees, thousands of whom lost their jobs when TBW and Colonial Bank closed, or to the shareholders of Colonial BancGroup," prosecutors said in the filing.''