2011's Most Shocking Business News

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Banker Convicted of Fraud!

The story: A federal jury found Lee Farkas--the former chairman of Taylor, Bean & Whitaker--guilty on 14 counts of securities, bank and wire fraud and conspiracy to commit fraud in a $2.9 billion plot led to the 2009 collapse of Colonial Bank.

Why it was shocking: What? A banker found guilty? That never happens!