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Mayor testifies about ex-Virginia governor's loan

Wednesday - 8/13/2014, 3:50pm  ET

RICHMOND, Va. (AP) -- Former Virginia Gov. Bob McDonnell revised a mortgage refinance application to disclose two loans from a wealthy businessman three days after state police questioned his wife about the debts.

That's according to evidence introduced Wednesday in the corruption trial of McDonnell and his wife, Maureen. They are charged with accepting more than $165,000 in gifts and loans from former Star Scientific Inc. CEO Jonnie Williams in exchange for promoting his company's products.

Nanette Bolt, a mortgage supervisor for Pentagon Federal Credit Union, testified that McDonnell never mentioned to her that his wife had just been interviewed by investigators who asked about loans from Williams. Bolt also said she was not surprised to see the undocumented loans totaling $120,000 added to McDonnell's loan application on Feb. 18, 2013.

Earlier, Virginia Beach Mayor William Sessoms said former Bob McDonnell never mentioned debts to a wealthy businessman in his application to refinance a bank loan.

Sessoms is president of TowneBank's parent company.


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