Prosecutors failed to nail down either conspiracies or crimes during the first five weeks of a federal trial in Delaware for four Wilmington Trust Corp. executives accused of hiding mounting past-due loans, defense attorneys said during acquittal arguments Monday.
“The government tells us in its indictment that the waiver practice was the manner and means of the conspiracy, yet, every single month — certainly every quarter — emails would go out to 70 people or more explicitly discussing the waiver,” Steven P. Wood of McCarter & English LLP, counsel to former bank president Robert V.A. Harra, said. “That’s not like any manner or means of any conspiracy any of us have ever seen.”