Four former Wilmington Trust Corporation executives knew they were misleading banking regulators and investors by concealing the truth about the bank’s imploding commercial real estate loan portfolio in the wake of the 2008 financial crisis, a prosecutor told jurors Monday in the defendants’ federal fraud and conspiracy trial.
Michael Kelly, an attorney representing Harra, told jurors that his client was “an honest man, a truthful man,” and that prosecutors have failed to prove otherwise.
“Where’s the evidence that this guy lied?” Kelly asked at the end of Monday’s proceedings. Kelly was to finish his closing statement Tuesday, followed by attorneys for the other defendants, before Andrews gives jurors final instructions and turns the case over to them for deliberations.