AS USUAL, WHITE-COLLAR CRIME IS GIVEN A SLAP ON THE WRIST

I'm glad to see that some of the junior-level MOTUs are getting some jail time but these sentences are far too lenient to make a real  change in the Bankster Culture.

UPDATE 1-Former TBW execs get prison time for roles in fraud
Fri Jun 10, 2011 2:01pm EDT

* Executives pleaded guilty, testified against chairman


* TBW collapsed in 2009, taking down major bank with it (Adds lawyers' comments, details of fraud)

By Jeremy Pelofsky

Alexandria, Va., June 10 (Reuters) - Two former senior Taylor, Bean & Whitaker Mortgage Corp executives were sentenced on Friday to several years in prison for their roles in a nearly $3 billion fraud that took down the big lender and a major bank.

Company and bank officials were accused of trying to cover up enormous losses by moving money between accounts at Colonial Bank and selling mortgage loans that did not exist, were worthless or already had been sold.

Desiree Brown, TBW's former treasurer, was sentenced by District Judge Leonie Brinkema to six years in prison after she tearfully acknowledged her wrongdoing.

Brinkema also sentenced TBW's former president, Raymond Bowman, to 30 months in prison. He had pleaded guilty to a conspiracy fraud charge as well as for lying to investigators when they raided the mortgage firm two years ago.