Wilmington Trust headquarters in Delaware. Photo: RevelationDirect via Wikimedia Commons
A Delaware federal judge has refused to roll back a jury verdict finding four former Wilmington Trust executives guilty of orchestrating a scheme to hide hundreds of millions of dollars in bad loans from regulators and investors.
U.S. District Judge Richard G. Andrews of the District of Delaware on Thursday denied post-trial motions for acquittal and a new trial for David R. Gibson, Robert V.A. Harra, William B. North and Kevyn N. Rakowski, who were convicted in May on 15 counts of fraud and conspiracy.
