Two of Wilmington Trust’s former top executives were each sentenced to six years in prison Monday for their roles in a massive reporting scandal that hid hundreds of millions of dollars in bad loans from regulators and investors, leading to the bank’s collapse.

Robert V.A. Harra, Wilmington Trust’s former president, and David Gibson, who served as the bank’s chief financial officer, were the first of four defendants to be sentenced this week by U.S. District Judge Richard G. Andrews, after a federal jury convicted them of multiple crimes stemming from the bank’s downfall in 2011.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]