Former Bank Exec Sentenced to 2 Years - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Former Bank Exec Sentenced to 2 Years

Posted:

WILMINGTON, Del. (AP)- The founder and former president of a community bank has been sentenced to two years in federal prison for bank fraud and money laundering.

The sentence given 58-year-old James Ladio on Monday was what prosecutors sought. Defense attorneys had asked that he be spared from prison time.

Ladio, the former head of MidCoast Community Bank, pleaded guilty last December. Two months later, former Wilmington Trust executive Brian Bailey was charged with scheming with Ladio to make improper loans to each other over more than a decade.

Bailey is awaiting sentencing after pleading guilty to conspiracy.

Bailey and Ladio are among several individuals charged with crimes amid an ongoing federal investigation into lending practices at Wilmington Trust prior to its failure and hasty acquisition by M&T Bank Corp. in 2011.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Updated: Teen Killed in Wicomico County Crash Identified

    Updated: Teen Killed in Wicomico County Crash Identified

    Monday, September 24 2018 10:26 PM EDT2018-09-25 02:26:13 GMT
    Tuesday, September 25 2018 3:52 PM EDT2018-09-25 19:52:38 GMT
    (Image: MGN)(Image: MGN)
    (Image: MGN)(Image: MGN)
    A Wicomico County Public Schools official has identified a 17-year-old girl killed in a Monday afternoon car crash.More
    A Wicomico County Public Schools official has identified a 17-year-old girl killed in a Monday afternoon car crash.More
  • 16 Mile Brewery Shuts Down

    16 Mile Brewery Shuts Down

    Monday, September 24 2018 4:45 PM EDT2018-09-24 20:45:11 GMT
    Tuesday, September 25 2018 7:45 AM EDT2018-09-25 11:45:03 GMT
    GEORGETOWN, Del.- After speculation late last week, 16 Mile Brewery has officially closed its doors. On Monday, the local brewery's LED sign on Bedford Street read "Thank you for a great decade." The brewery's doors were locked, the lights off, and a signMore
    GEORGETOWN, Del.- After speculation late last week, 16 Mile Brewery has officially closed its doors. On Monday, the local brewery's LED sign on Bedford Street read "Thank you for a great decade." The brewery's doors were locked, the lights off, and a signMore
  • Health Officials: 50 People May Have Been Exposed to TB at Georgetown Elementary

    Health Officials: 50 People May Have Been Exposed to TB at Georgetown Elementary

    Tuesday, September 25 2018 11:47 AM EDT2018-09-25 15:47:33 GMT
    Tuesday, September 25 2018 3:45 PM EDT2018-09-25 19:45:11 GMT
    Credit: WBOCCredit: WBOC
    Credit: WBOCCredit: WBOC
    The Delaware Division of Public Health and the Indian River School District announced Tuesday that approximately 50 individuals at Georgetown Elementary School may have been exposed to someone with active tuberculosis.More
    The Delaware Division of Public Health and the Indian River School District announced Tuesday that approximately 50 individuals at Georgetown Elementary School may have been exposed to someone with active tuberculosis. More
  • Most Popular VideosMost Popular VideosMore>>

  • 16 Mile Brewery Shuts Down

    16 Mile Brewery Shuts Down

    After speculation late last week, 16 Mile Brewery has officially closed its doors.

    On Monday, the local brewery's LED sign on Bedford Street read "Thank you for a great decade." The brewery's doors were locked, the lights off, and a sign read "CLOSED. We appreciated your business and are sorry to inform you that we have decided to close 16 Mile Brewery and Tavern indefinitely. Thank you for your patronage and support over the last 9 years."

    More

    After speculation late last week, 16 Mile Brewery has officially closed its doors.

    On Monday, the local brewery's LED sign on Bedford Street read "Thank you for a great decade." The brewery's doors were locked, the lights off, and a sign read "CLOSED. We appreciated your business and are sorry to inform you that we have decided to close 16 Mile Brewery and Tavern indefinitely. Thank you for your patronage and support over the last 9 years."

    More
  • Police Investigating Deadly Crash in Wicomico County

    Police Investigating Deadly Crash in Wicomico County

    Maryland State Police are investigating a deadly car crash Friday afternoon. It happened at the intersection of White Lowe Road and Route 50 shortly before 3 p.m. According to MSP, Maria Theresia Ellis, 77 of Ocean City, was driving on White Lowe Road when her car failed to yield to oncoming traffic as she turned onto Route 50. Police said Ellis's car was hit in a T-bone like manner by Garrett Adrian Pusey, 20 of Mardela Springs.

    More

    Maryland State Police are investigating a deadly car crash Friday afternoon. It happened at the intersection of White Lowe Road and Route 50 shortly before 3 p.m. According to MSP, Maria Theresia Ellis, 77 of Ocean City, was driving on White Lowe Road when her car failed to yield to oncoming traffic as she turned onto Route 50. Police said Ellis's car was hit in a T-bone like manner by Garrett Adrian Pusey, 20 of Mardela Springs.

    More
  • Confusing Street Signs Come to Dewey Beach

    Confusing Street Signs Come to Dewey Beach

    New street signs are popping up in Dewey Beach, and some aren't happy about it.

    These new directional signs, Delaware's Department of Transportation says, were implemented to prevent crashes along Route 1.

    But some say it's done the opposite of helping and has created more confusion.

    More

    New street signs are popping up in Dewey Beach, and some aren't happy about it.

    These new directional signs, Delaware's Department of Transportation says, were implemented to prevent crashes along Route 1.

    But some say it's done the opposite of helping and has created more confusion.

    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