Former Wilmington Trust executive drafts settlement with SEC
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Former Wilmington Trust executive drafts settlement with SEC
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Former Wilmington Trust executive drafts settlement with SEC
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July 6 (Reuters) - The U.S. government on Tuesday ended its criminal case accusing four former Wilmington Trust Co executives of hiding troubled loans from regulators after the 2008 financial crisis, leading to the company s sale at a fire-sale price.
U.S. Attorney David Weiss in Delaware made the decision after a federal appeals court set aside the May 2018 jury convictions of Wilmington s former President Robert Harra, Chief Financial Officer David Gibson, Controller Kevyn Rakowski and Chief Credit Officer William North.