Closing arguments continued Tuesday during the seventh week in the trial of four former Wilmington Trust executives accused of bank fraud.
Defense attorneys argued that financial documents and emails presented in the trial prove their clients were acting in “good faith” in how they handled overdue loans.
“It’s not a crime to be wrong. It’s not a crime to have bad business judgment. It’s not a crime to be understaffed. It’s not a crime to be behind in your paperwork,” said defense attorney Michael Kelly, who represents defendant Robert Harra. “You can make an honest mistake in good faith. That is not willful intent or knowing.”
Harra, David Gibson, William North, and Kevyn Rakowski are accused of hiding millions in bad loans on the bank’s books from the Federal Reserve, the Securities and Exchange Commission, and the public between October 2009 and November 2010.
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