It took just two hours for jurors in the federal criminal fraud case against former Hamilton Bank Chairman Eduardo A. Masferrer to find him guilty Wednesday on all 16 counts of conspiring to defraud investors and depositors by cooking the bank’s books.
Masferrer’s wife, four children and a handful of friends sobbed as the former banker was taken into custody to be transported to the Federal Detention Center in Miami. Masferrer’s lawyers indicated that they will appeal.
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