{"id":6797,"date":"2019-01-29T07:06:50","date_gmt":"2019-01-29T13:06:50","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6797"},"modified":"2019-01-29T07:06:50","modified_gmt":"2019-01-29T13:06:50","slug":"criminal-securities-fraud-another-ex-wilmington-trust-executive-gets-his-prison-term-former-rock-capital-trader-in-13-7m-fake-profits-scam-to-serve-5-year-sentence-and-ex-nj-financial-adviser-who","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-another-ex-wilmington-trust-executive-gets-his-prison-term-former-rock-capital-trader-in-13-7m-fake-profits-scam-to-serve-5-year-sentence-and-ex-nj-financial-adviser-who\/","title":{"rendered":"Criminal Securities Fraud: Another Ex-Wilmington Trust Executive Gets His Prison Term, Former Rock Capital Trader in $13.7M Fake Profits Scam to Serve 5-Year Sentence, and Ex-NJ Financial Adviser Who Defrauded Customers Waits for Jury Verdict"},"content":{"rendered":"<p>\t\t\t\t<strong>Ex-Wilmington Trust VP is Sentenced to 21-Months for Bank Fraud<\/strong><\/p>\n<p>A federal judge has sentenced Joseph Terranova, a Former Wilmington Trust Corp. VP and commercial real estate manager, to 21 months in prison. Terranova\u2019s sentence comes almost five years after he pleaded guilty to conspiracy to commit bank fraud related to a <a href=\"https:\/\/www.investorlawyers.com\" target=\"_blank\" rel=\"noopener noreferrer\">securities fraud<\/a> that involved hiding from investors and regulators that commercial real estate loans that were past due.<\/p>\n<p>Terranova is one of several Wilmington Trust executive to receive a sentence for the bank fraud, which involved fraudulent actions to hide hundreds of millions of dollars in delinquent loans. When the bank\u2019s debt burden became public knowledge, it almost failed and was sold at a severely reduced price to M &amp; T Bank Corp. in 2011. Meantime, bank stockholders sustained serious losses.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-another-ex-wilmington-trust-executive-gets-his-prison-term-former-rock-capital-trader-in-13-7m-fake-profits-scam-to-serve-5-year-sentence-and-ex-nj-financial-adviser-who\/\"  title=\"Continue Reading Criminal Securities Fraud: Another Ex-Wilmington Trust Executive Gets His Prison Term, Former Rock Capital Trader in $13.7M Fake Profits Scam to Serve 5-Year Sentence, and Ex-NJ Financial Adviser Who Defrauded Customers Waits for Jury Verdict\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ex-Wilmington Trust VP is Sentenced to 21-Months for Bank Fraud A federal judge has sentenced Joseph Terranova, a Former Wilmington Trust Corp. VP and commercial real estate manager, to 21 months in prison. Terranova\u2019s sentence comes almost five years after he pleaded guilty to conspiracy to commit bank fraud related to a securities fraud that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6590,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3994,3762,3781],"tags":[3265,3266,3267,3268,3092],"class_list":["post-6797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bank-fraud","category-current-investigations","category-investment-advisers","tag-joseph-terranova","tag-kimm-c-hannan","tag-rock-capital-markets","tag-thomas-lindstrom","tag-wilmington-trust"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Criminal Securities Fraud: Another Ex-Wilmington Trust Executive Gets His Prison Term, Former Rock Capital Trader in $13.7M Fake Profits Scam to Serve 5-Year Sentence, and Ex-NJ Financial Adviser Who Defrauded Customers Waits for Jury Verdict &#8212; Investor Lawyers Blog &#8212; January 29, 2019<\/title>\n<meta name=\"description\" content=\"Another Ex-Wilmington Trust Executive, Former Rock Capital Trader in $13.7M Fake Profits Scam, and Ex-NJ Financial Adviser\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-another-ex-wilmington-trust-executive-gets-his-prison-term-former-rock-capital-trader-in-13-7m-fake-profits-scam-to-serve-5-year-sentence-and-ex-nj-financial-adviser-who\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Criminal Securities Fraud: Another Ex-Wilmington Trust Executive Gets His Prison Term, Former Rock Capital Trader in $13.7M Fake Profits Scam to Serve 5-Year Sentence, and Ex-NJ Financial Adviser Who Defrauded Customers Waits for Jury Verdict &#8212; Investor Lawyers Blog &#8212; 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