Friday, May 04, 2018
Four former Wilmington Trust executives guilty of fraud
A 12-member federal jury Thursday found four former Wilmington Trust executives guilty of fraud and conspiracy charges.
Robert Harra, David Gibson, William North and Kevyn Rakowski were accused of hiding millions of dollars in bad loans on the bank’s books from the Federal Reserve, the Securities and Exchange Commission and the public between October 2009 and November 2010.
After six days of deliberations, jurors delivered guilty verdicts for all four defendants on all charges. A sentencing date hasn’t been set, but it will likely be in about four months.
at 5/04/2018 10:30:00 AM