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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.



Anonymous said...

Holy bank heist, Batman!

Anonymous said...

Has Hebron ever been audited for their shenanigans?

Anonymous said...

Sound like the perfect type of people for a job at the Clinton Foundation.

Anonymous said...

Hebron is a town.
This article is about bank fraud.

Anonymous said...

Banks and insurance companies are all ripoffs.

Anonymous said...

Hebron is also a bank, genius.