A former Wilmington Trust Vice President, Joseph Terranova, has admitted to conspiring to defraud the bank and its shareholders.U.S Attorney Charlie Oberly says Terranova made bad loans to Wilmington Trust customers.
“Mr. Terranova and his co-conspirators demonstrated a disregard of the processes and procedures designed to protect the soundness of Wilmington Trust,” says Oberly.
Click on the story and audio from WDEL.
via WDEL 1150AM – VIDEO: Former Wilm. Trust executive pleads guilty to bank fraud charges.
