Missing links, unsupported charges and reasonable doubt riddle the criminal fraud and conspiracy case federal prosecutors laid out against four Wilmington Trust Corp. executives accused of hiding hundreds of millions of dollars in past due loans, defense attorneys argued near the end of a trial in Delaware on Tuesday.
“It’s not a crime to be wrong, a crime to have bad business judgment, a crime to be understaffed, a crime to be behind in your work,” Michael P. Kelly of McCarter & English LLP, counsel to Harra.
Kelly said that the bank was working to strengthen its management and board during the period covered by the indictments and that it halted approvals of new waivers in in mid-2010.