A Dover man has been indicted by a federal grand jury with conspiracy to commit bank fraud and 7 counts of making a false statement to a financial institution.  55 year old Michael Zimmerman is also charged with a single count of money laundering. Officials say Zimmerman is a developer in Kent & Sussex Counties – and obtained over #37-million from Wilmington Trust in connection with 3 projects – the debt was sold by Wilmington Trust before the institution was acquired by M & T Bank.  Wilmington Trust lost over $26-million on just those projects.  Officials say Zimmerman and others several times obtained advanced funds that were not used for the purposes represented.  The investigation is continuing.