Former Wilmington Trust Execs Found Guilty Of Fraud
Law360 (May 3, 2018, 2:31 PM EDT) -- A federal jury in Delaware on Thursday convicted four former Wilmington Trust Corp. executives on a string of criminal conspiracy, securities fraud and related charges for concealing hundreds of millions of dollars in bad commercial real estate loans in a series of disclosures and reports in 2009 and 2010.
The guilty verdicts were an unqualified victory for the Department of Justice, whose headquarters are shown above, which began probing Wilmington Trust's near collapse and sale in 2011. (AP) Found guilty in U.S. District Court were former bank President Robert V.A. Harra, former Chief Financial Officer David Gibson, former Chief Credit Officer William...
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