The noose is tightening, Wilmington News Journal article SEC investigating Ted Cecala and cronies. Unfortunately they've had plenty of time to hide their wealth, better late than never I guess.
How come the crony crooks (i.e. CFO Bob Harrah) got promoted at M&T Bank?
That's because the little guy always get screwed. The big boys have the resources to hire the #$%$ed attorneys to get them off. Hopefully, all this litigation is making their lives miserable. After 28 years of faithful service, I and many others deserve at least that. Criminal charges would have been the icing on the cake, but taking ill-gotten money away from a #$%$ works too. No better way to hurt a rich #$%$ than to take his money away. I hope Cecala, Harra & their cronies are reading these posts. Hope you're all proud of what you've done to a once stoic institution and all the loyal employees you've shafted!
"SEC charges ex-Fannie, Freddie CEOs with fraud" Judgement day is coming Ted Cecala and company. Ted left for Florida in shame for causing tremendous damage to Delaware. The others got promotions within M&T Bank, oh so wrong!
This little 4 foot tall peckerhead and his clan through their greed and stupidity (mostly greed) managed to bring a 108 year old company that survived the Great Depression to its knees not to mention upending the lives of thousands of loyal employees and they walk away with millions. What comes around, goes around my friend. Payback is on its way.
Lowly UBS trader gets 7 years for $2billion loss, yet Ted Cecala walks a free man, lots of time to hide his assets. Ted Cecala lost more than $2 billion of stockholder / company money COMBINED. Nothing short of jail and the poor house for this #$%$ and his cronies who knew books were cooked.