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Ex-Wilmington Trust executives sentenced to prison

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Ex-Wilmington Trust executives sentenced to prison

U.S. District Judge Richard Andrews sentenced former Wilmington Trust Corp. chief credit officer William North to 54 months in prison and former controller Kevyn Rakowski to 36 months in prison.

The judge ordered North to pay a $100,000 fine. He sentenced former president Robert Harra and former CFO David Gibson to 72 months in prison Dec. 17 and ordered them to pay a $300,000 fine. All four sentenced defendants will be banned from the banking industry and must surrender to the Bureau of Prisons by Feb. 19, 2019.

In May, a federal jury convicted the four executives of fraud and conspiracy charges in connection with the Troubled Asset Relief Program.