Three sentenced in $35.5 million loan fraud scheme

Defendants ordered to pay nearly $8 million in restitution to two banks  PHILADELPHIA – Three Delaware County residents were sentenced Wednesday for engaging in a sweeping, $35.5 million scheme to defraud Wilmington Trust Federal Savings Bank and Malvern Federal Savings Bank. Dennis Nicholas, 62, of Newtown Square, was sentenced to 72 months in prison; his wife, Bernadette Nicholas, 64, was sentenced...