Politicians, community leaders vouch for convicted bank exec
DOVER, Del. — Former governors, lawmakers, business and community leaders, and a former Philadelphia Phillies owner are among scores of Delawareans vouching for a disgraced bank president facing years in prison for fraud.
Former Wilmington Trust president Robert Harra Jr. and three other bank officials face sentencing this month after being convicted of misleading regulators and investors about the bank's troubled condition before it was hastily sold in 2011. The century-old bank imploded despite receiving $330 million from the federal Troubled Asset Relief Program.
Attorneys for all four defendants filed lengthy sentencing memoranda this week seeking leniency for their clients.
A court filing Friday shows that those vouching for Harra include former Democratic Gov. Jack Markell, former Republican governor and congressman Mike Castle, and former Phillies owner Ruly Carpenter III.
Read more: http://www.startribune.com/politicians-community-leaders-vouch-for-convicted-bank-exec/502214941/