Former Wilmington Trust Official Pleads Guilty to Fraud - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Former Wilmington Trust Official Pleads Guilty to Fraud

Posted:

DOVER, Del. (AP) - A former Wilmington Trust official indicted on fraud and other charges has decided to plead guilty.

A judge this week scheduled a Nov. 13 change of plea hearing for Peter W. Hayes.

The 48-year-old Hayes initially pleaded not guilty after being indicted in July on charges of bank fraud, bank bribery and fraudulently benefiting in loan transactions. The indictment alleged that Hayes, a former commercial real estate lender, engaged in several fraudulent and improper transactions with Anderson Homes, a well-known Delaware homebuilder.

Hayes is one of several former Wilmington Trust officials who have been charged with crimes in an ongoing federal investigation of the bank's lending practices. The 107-year-old institution was sold to M&T Bank in 2010 after its deteriorating commercial loan portfolio left it on the verge of collapse.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Suicide Prevention Walk in Ocean City

    Suicide Prevention Walk in Ocean City

    09/24/2017 02:09:00 -04:002017-09-24 06:09:00 GMT
    Sunday, September 24 2017 2:11 AM EDT2017-09-24 06:11:40 GMT
    People from all over Maryland gathered in Ocean City to remember those who committed suicide and suffer from mental illness.More
    People from all over Maryland gathered in Ocean City to remember those who committed suicide and suffer from mental illness.More
  • Murder Investigation Underway in Somerset County

    Murder Investigation Underway in Somerset County

    09/24/2017 21:18:00 -04:002017-09-25 01:18:00 GMT
    Sunday, September 24 2017 9:26 PM EDT2017-09-25 01:26:08 GMT
    (Photo: MGN)(Photo: MGN)
    Princess Anne, Md. - As of late Sunday night, Maryland State Police investigators were still on the scene of an apparent homicide in Somerset County that occurred Sunday afternoon.Investigators say the victim is a male who is believed to be in his 30's.More
    Princess Anne, Md. - As of late Sunday night, Maryland State Police investigators were still on the scene of an apparent homicide in Somerset County that occurred Sunday afternoon.Investigators say the victim is a male who is believed to be in his 30's.More
  • Town of Dewey Beach To Support Town Manager Legally, Delays Vote on Investigator's Recommendations

    Town of Dewey Beach To Support Town Manager Legally, Delays Vote on Investigator's Recommendations

    09/22/2017 20:27:00 -04:002017-09-23 00:27:00 GMT
    Friday, September 22 2017 8:45 PM EDT2017-09-23 00:45:20 GMT
    Dewey Beach Town Hall (Photo: WBOC)Dewey Beach Town Hall (Photo: WBOC)
    DEWEY BEACH, Del. - The Town of Dewey Beach's commissioners voted unanimously to "indemnify" town manager Marc Appelbaum on Friday night-- meaning they will support his hiring of an attorney and legal fees if necessary."If you cant indemnify people, if yMore
    DEWEY BEACH, Del. - The Town of Dewey Beach's commissioners voted unanimously to "indemnify" town manager Marc Appelbaum on Friday night-- meaning they will support his hiring of an attorney and legal fees if necessary."If you cant indemnify people, if yMore
  • Most Popular StoriesMost Popular StoriesMore>>

  • Murder Investigation Underway in Somerset County

    Murder Investigation Underway in Somerset County

    09/24/2017 21:18:00 -04:002017-09-25 01:18:00 GMT
    Sunday, September 24 2017 9:26 PM EDT2017-09-25 01:26:08 GMT
    (Photo: MGN)(Photo: MGN)
    Princess Anne, Md. - As of late Sunday night, Maryland State Police investigators were still on the scene of an apparent homicide in Somerset County that occurred Sunday afternoon.Investigators say the victim is a male who is believed to be in his 30's.More
    Princess Anne, Md. - As of late Sunday night, Maryland State Police investigators were still on the scene of an apparent homicide in Somerset County that occurred Sunday afternoon.Investigators say the victim is a male who is believed to be in his 30's.More
  • Woman Makes 125-Mile Journey Across Tubman Byway

    Woman Makes 125-Mile Journey Across Tubman Byway

    09/21/2017 17:27:00 -04:002017-09-21 21:27:00 GMT
    Thursday, September 21 2017 5:36 PM EDT2017-09-21 21:36:32 GMT
    It's 9 a.m. and Mashona Council is beginning her day.More
    It's 9 a.m. and Mashona Council is beginning her day.More
  • Two Arrested for Drugs & Firearm in Dover

    Two Arrested for Drugs & Firearm in Dover

    09/22/2017 12:12:00 -04:002017-09-22 16:12:00 GMT
    Friday, September 22 2017 1:01 PM EDT2017-09-22 17:01:25 GMT
    Two Dover residents were arrested following a search warrant at a local motel.More
    Two Dover residents were arrested for possession of drugs and a firearm following a search warrant at a local motel.More
Powered by Frankly

All content © Copyright 2000 - 2017 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices