Utility will pay $20 million to avoid prosecution in Ohio bribery scheme

2024-12-26 14:11:13 source:lotradecoin scam category:Scams

AKRON, Ohio (AP) — The energy company at the center of a $60 million bribery scheme in Ohio will pay $20 million and avoid criminal charges as part of a deal with state prosecutors to resolve its role in the scandal.

Akron-based FirstEnergy Corp. announced the deal Tuesday, a day after it filed the agreement with the U.S. Securities and Exchange Commission. It calls for the company to cooperate with the ongoing investigations being conducted by the state attorney general and the Summit County prosecutor’s office and also settles FirstEnergy’s involvement in a civil lawsuit filed by the attorney general in 2020.

FirstEnergy will pay $19.5 million to the attorney general’s office within five business days and will pay $500,000 for an independent consultant to review and confirm unspecified “changes and remediation efforts” made by the company.

Two fired FirstEnergy Corp. executives were indicted in April as part of the long-running investigation into the scheme that has already resulted in a lengthy prison sentence for a former state House speaker.

Former FirstEnergy CEO Chuck Jones and former FirstEnergy Services Corp. Senior Vice President Michael Dowling were charged in relation to their alleged roles in the massive corruption case. Both men have denied any wrongdoing. Another man charged alongside them, former Public Utilities Commission of Ohio Chairman Sam Randazzo, had pleaded not guilty in both federal and state courts before dying by suicide at age 74 in April.

RELATED COVERAGE Death of Ohio man who died while in police custody ruled a homicide by coroner’s office Officer faces murder charge in shooting of pregnant Black woman who was accused of shoplifting Debby’s aftermath leaves thousands in the dark; threatens more flooding in the Carolinas

Jones and Dowling were fired in October 2020 for violating company policies and code of conduct.

Former House Speaker Larry Householder was sentenced in June 2023 to 20 years in prison for his role in orchestrating the scheme, and lobbyist Matt Borges, a former chair of the Ohio Republican Party, was sentenced to five years.

Federal prosecutors have said those involved in the scheme used the $60 million in secretly funded FirstEnergy cash to get Householder’s chosen Republican candidates elected to the House in 2018 and then to help him get elected speaker in January 2019. The money was then used to win passage of the tainted energy bill, House Bill 6, and to conduct what authorities have said was a $38 million dirty-tricks campaign to prevent a repeal referendum from reaching the ballot.

FirstEnergy admitted to its role in the bribery scheme as part of a July 2021 deferred prosecution agreement with the U.S. Department of Justice. The company agreed to pay $230 million in penalties and to accomplish a long list of reforms within three years in order to avoid being criminally prosecuted on a federal conspiracy charge.

More:Scams

Recommend

Secretly recorded videos are backbone of corruption trial for longest

CHICAGO (AP) — Hours of secretly recorded videos and phone calls have offered a rare glimpse into ho

As Climate Change Intensifies Wildfire Risk, Prescribed Burns Prove Their Worth in the Heat-Stressed Plains of the Texas Panhandle

BORGER, Texas—Months before the Texas Panhandle erupted with destructive wildfires, fire crews in Bo

Is orange juice good for you? Why one woman's 'fruitarianism' diet is causing controversy.

Anne Osbourne says she drank nothing but orange juice for 40 days.The Queensland, Australia, residen