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Ed Woodard Jr. ends banking career in SEC settlement
http://hamptonroads.com/2014/02/ed-woodard-jr-ends-banking-career-sec-settlement
Ed Woodard Jr. ends banking career in SEC settlement
By Tim McGlone
The Virginian-Pilot
© February 27, 2014
NORFOLK
Edward J. Woodard Jr., the imprisoned former head of Bank of the Commonwealth, has settled a civil suit with the Securities and Exchange Commission without having to pay a penalty.
Woodard, 70, is serving 23 years in prison for crimes related to the collapse of the bank.
~snip~
Woodard, former president and CEO of Bank of the Commonwealth, was sentenced in November after a jury earlier in the year found him guilty of 11 counts of conspiracy, bank fraud and related charges. He is appealing.
He was convicted along with former bank Executive Vice President Stephen Fields, who was sentenced to 17 years in prison.
