Prosecutors Focus on McDonnell's Debt - 8NEWS - WRIC | News Where You Live

Prosecutors Focus on McDonnell's Debt

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RICHMOND, Va. (WRIC) - Today in the federal courthouse, the prosecution plans to rest their case against former governor Bob McDonnell. The jury has the day off today and the court will take up a few motions. The defense begins their case Monday.

Yesterday, prosecutors focused much of their attention on the McDonnells' dealings with banks and the couples' debt.

Executives at several banks were questioned about loans given to the
McDonnells for different properties, including loans for homes in Virginia Beach.

William Sessoms is the current Mayor of Virginia Beach. He was also the president of one of those banks.

Sessoms says he never knew about any loans to the
McDonnells from Jonnie Williams. He did talk about the financial loan given to Bob McDonnell and his sister. He said Towne Bank was comfortable with loan based in part on McDonnell 's sister's salary. Sessoms said the McDonnells never missed a payment in homes and that from 2005 to April 2009, there were no late payments.

After he finished testifying, Sessoms left the court saying he was relieved to be done with the whole process and that now, it was up to the jury.

FBI Special Agent David Hulser also took the stand yesterday. He looked into the
McDonnells texts, emails, and financial statements.

Hulser shows charts that demonstrated that the
McDonnells had $75,000 in debt in January 2010, which grew to $90,000 by September 2010.

Life insurance money from Maureen's family member helped get that amount down to $30,000. However, Maureen would still get a $50,000 loan from Williams in May of 2011.

According to
Hulser, the McDonnells would have been in the red had they not got that loan.

Hulser continues his testimony today.


Follow 8News reporters
Parker Slaybaugh and Mark Tenia on Twitter for the latest information from the federal courthouse throughout the day. 8News will have continuing coverage of the trial, so look for updates on this story here.

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