Former Wilmington Trust Execs Found Guilty

Court officials say four former Wilmington Trust executives were found guilty Thursday of fraud and conspiracy.  A jury determined former President Robert Harra, former Chief Financial Officer William North, and former Controller Kevyn Rakowski lied to federal regulators and hid millions of dollars worth of so-called toxic commercial real estate loans.  The charges carry a max of up to 30 years in prison.  Sentencing is expected within the next four months. 

Source: 24/7 News


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