DOJ Claims 'Lies' In Ex-Wilmington Trust Execs' Fraud Trial

Law360, Wilmington (March 12, 2018, 10:03 PM EDT) -- Four former Wilmington Trust Corp. executives "lied repeatedly" about the bank's commercial loan portfolio to regulators, investors and the public in 2009 and 2010, a federal prosecutor said Monday at the opening of the officials' fraud and securities trial in Delaware.

In an opening statement before a 17-member jury panel and U.S. District Judge Richard G. Andrews, Assistant U.S. Attorney Lesley F. Wolf said the four created "a scheme to hide hundreds of millions in loans that were at least three months behind" before the company's...
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