Posts Tagged ‘wilmington trust’
Third Circuit Court of Appeals Reverses Convictions of 4 Wilmington Trust Officers
The Third Circuit Court of Appeals has reversed the convictions of four Wilmington Trust officers who were convicted in 2018 for lying to the Federal Reserve, the SEC and the public regarding millions in past-due loans. Former Bank President Robert Harra and former CFO David Gibson were each sentenced to 6 years in prison and…
Read MoreTwo Wilmington Trust Officers Sentenced Today
Two of the four men found guilty in the Wilmington Trust downfall were sentenced today in US District Court in Wilmington. Former Bank President and COO, Robert Harra and Chief Financial Officer, David Gibson, have each been sentenced to 6 years in prison, three years’ supervised release, and a $300k fine. In addition, Harra must…
Read MoreFormer Wilmington Trust Execs Found Guilty on All Charges
Four former executives of Wilmington Trust have been found guilty on all charges for their roles in concealing the total quantity of past due loans on the bank’s books from October 2009 to November 2010 from the Federal Reserve, the Securities and Exchange Commission (SEC) and the investing public. 66 year old Robert Harra, 58…
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