NORFOLK, Va. (WAVY) - Deliberations continue Thursday, in one of the biggest bank failures cases, in Virginia History.
Prosecutors claim Edward Woodard Jr., his son Brandon and three others turned the Bank of the Commonwealth into a criminal enterprise costing the bank $71-million dollars.
The jury sent back detailed questions, which Judge Raymond Jackson refused to answer, making the jurors come to their own conclusions.
The Woodards argue that they were trying to take the bank through troubled times, and those who have already pleaded guilty are the criminals.
Andrew Sacks, the Woodards defense attorney, told to WAVY.com, "What does it mean that there is no verdict. It means the jury is studying the case very carefully ... that is good news for us. If they study it carefully, they will reach the right result."
The five defendants each face one count of conspiracy to commit bank fraud, and several other charges. Those counts carry up to thirty years in prison, each.
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