Mayor Testifies About Ex-Virginia Governor's Loan - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Mayor Testifies About Ex-Virginia Governor's Loan

Posted: Updated:
RICHMOND, Va. (AP) - Virginia Beach Mayor William Sessoms says former Gov. Bob McDonnell never mentioned debts to a wealthy businessman in his application to refinance a bank loan.

Sessoms, president of TowneBank's parent company, testified Wednesday in the corruption trial of McDonnell and his wife, Maureen. They are charged with accepting more than $165,000 in gifts and loans from former Star Scientific Inc. CEO Jonnie Williams in exchange for promoting his company's products.

A defense attorney says the Williams loans went to Maureen McDonnell and to a company owned by the former governor and his sister. Bob McDonnell was the sole borrower on the TowneBank loan.

Sessoms says that a corporate debt technically doesn't have to be listed on an individual's financial statement but that the bank does need to know about shared debts.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Maryland Calls for Investigation in Voting System's Ties with Russia

    Maryland Calls for Investigation in Voting System's Ties with Russia

    Jul 17, 2018 6:23 PM2018-07-17 22:23:00 GMT
    Tuesday, July 17 2018 6:23 PM EDT2018-07-17 22:23:34 GMT
    (Photo: WBOC)(Photo: WBOC)
    (Photo: WBOC)(Photo: WBOC)
    The FBI is sounding the alarm - warning Maryland state and its Board of Elections about a company called Bytegrid LLC, which manages part of the state's voting system.More
    The FBI is sounding the alarm - warning Maryland state and its Board of Elections about a company called Bytegrid LLC, which manages part of the state's voting system.More
  • Intent to Revoke Mid-Sussex Rescue Squad License Dismissed in Hearing

    Intent to Revoke Mid-Sussex Rescue Squad License Dismissed in Hearing

    Jul 17, 2018 5:40 PM2018-07-17 21:40:00 GMT
    Tuesday, July 17 2018 5:41 PM EDT2018-07-17 21:41:16 GMT
    DOVER, De.- An embezzlement investigation is finally over in Sussex County. It's been roughly four months since the Delaware State Auditor's Office discovered more than $100,000 missing from the Mid-Sussex Rescue Squad in Millsboro. The intent to suspendMore
    DOVER, De.- An embezzlement investigation is finally over in Sussex County. It's been roughly four months since the Delaware State Auditor's Office discovered more than $100,000 missing from the Mid-Sussex Rescue Squad in Millsboro. The intent to suspend More
  • Wicomico County Mourns the Loss of Chief David Barry

    Wicomico County Mourns the Loss of Chief David Barry

    Jul 17, 2018 5:27 PM2018-07-17 21:27:00 GMT
    Tuesday, July 17 2018 5:28 PM EDT2018-07-17 21:28:57 GMT
    R.I.P. David Barry (Photo WBOC)R.I.P. David Barry (Photo WBOC)
    R.I.P. David Barry (Photo WBOC)R.I.P. David Barry (Photo WBOC)
    ALLEN, Md.- The Allen Volunteer Fire Company mourns the loss of one of their own. David Barry has been the Fire Chief for the past three years and he suddenly died on Saturday. According to the Maryland State Police, Barry was traveling northbound in hisMore
    ALLEN, Md.- The Allen Volunteer Fire Company mourns the loss of one of their own. More
Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices