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Feds Drop Wilmington Fraud Case After 3rd Circ. Defeat
Law360 (July 6, 2021, 9:29 PM EDT) Delaware federal prosecutors said Tuesday they will not retry four former Wilmington Trust executives on fraud counts after the Third Circuit tossed all but two of the charges, ending a marquee criminal case stemming from the 2008 financial crisis.
Delaware U.S. Attorney David C. Weiss said in a statement that the extremely disappointing appellate ruling limited his office s options going forward. He also cited competing priorities, including unprecedented violent crime, rising opioid deaths and domestic terrorism.
The Third Circuit ruled in a bombshell opinion in January that the government hadn t proven former Wilmington executives Robert Harra, David Gibson, Kevyn Rakowski and.
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