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Businessman sentenced in Wilmington Trust bank fraud case

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WILMINGTON, Del. (AP) — A Dover businessman has been sentenced to a year and a day in federal prison after pleading guilty to conspiracy in an ongoing criminal investigation into the lending practices and collapse of Wilmington Trust bank.

Fifty-two-year-old Salvatore Leone was sentenced Tuesday, two years after pleading guilty and agreeing to cooperate with prosecutors.

Leone faced up to 30 years in prison and a $1 million fine, but prosecutors sought a downward departure from sentencing guidelines because of his cooperation.

Leone was a business partner of Michael Zimmerman, a prominent Dover developer who died in January while awaiting trial on charges including conspiracy and money laundering.

Wilmington Trust’s former president, Robert Harra Jr., and three other former top executives were indicted in August on fraud and conspiracy charges.

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