A Dover businessman is facing sentencing after pleading guilty to conspiracy in an ongoing investigation into the lending practices and collapse of Wilmington Trust bank.
Fifty-two-year-old Salvatore Leone was to be sentenced Tuesday, almost exactly two years after pleading guilty and agreeing to cooperate with federal prosecutors.
Leone faces up to 30 years in prison and a $1 million fine, but court filings indicated that prosecutors have asked for a downward departure from sentencing guidelines.
Leone was a business partner of Michael Zimmerman, a prominent Dover developer who died in January while awaiting trial on charges of conspiracy, money laundering and making false statements to a financial institution.
Wilmington Trust's former president, Robert Harra Jr., and three other former top executives were indicted in August on fraud and conspiracy charges.
