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