Archives For November 30, 1999
Former Wilmington Trust president Robert Harra Jr. was ordered released on bail Thursday after pleading not guilty to fraud and conspiracy charges stemming from an ongoing federal investigation into the collapse of the century-old financial institution.
Harra, 66, said little during his initial court appearance, only acknowledging that he understood the charges and maximum penalties he faces as outlined to him by U.S. Magistrate Judge Christopher Burke.
Peter W. Hayes, 49, Newark, Delaware, pleaded guilty to one count of accepting a gift for procuring loans, in violation of Title 18, United States Code, Section 215. United States District Judge Richard G. Andrews scheduled a sentencing hearing for March 17, 2015, at 9 a.m.
Salvatore J. Leone, 50, Dover, Delaware, pleaded guilty to conspiracy to commit bank fraud concerning the procurement and use of loan funds.
Michael A. Zimmerman, 56, Dover, Delaware, is the subject of new charges when a federal grand jury released a superseding indictment with additional fraud and money-laundering offenses.