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4 convicted in Bank of Commonwealth fraud

By Washington Examiner
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NORFOLK, Va. (AP) — Former Bank of the Commonwealth president and CEO Edward Woodard Jr. and three others were convicted Friday of conspiring to defraud the bank out of $71 million before its collapse in 2011.

One other man, former vice president Simon Hounslow, was acquitted. Jury deliberations had begun May 17 following nine weeks of testimony.

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