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Former FirstEnergy executives indicted in $60 million Ohio bribery scheme

An Ohio grand jury has indicted two former executives at utility company FirstEnergy for their roles in a $60 million bribery scheme, and has already indicted former state House Speaker Larry Householder and former state Republican Party committeeman Matt Borges. The chief was imprisoned.

Last spring, Mr. Hausder and Mr. Borges both engaged in extortion involving tens of millions of dollars in bribes to secure passage of a $1 billion taxpayer bailout for two FirstEnergy nuclear power plants in Ohio. He was found guilty of participating in the conspiracy.

FirstEnergy paid a $230 million fine and fired some executives, but this is the first time FirstEnergy officials have faced criminal charges in a corruption investigation.

Prosecutors have accused FirstEnergy’s former CEO Charles “Chuck” Jones and former vice president Michael Dowling of “corrupting the chairman of the Public Utilities Commission of Ohio (“PUCO”) and engaging major corporations. He was accused of participating in a large-scale secret scheme to steal millions of dollars in cash from… Forged fake contracts to hide cash “side deals” in public utility company PUCO’s interest rate fixing case, stealing millions of dollars from nonprofit trade association representing large industrial energy users; Disclosure of financial information or falsification of financial government records. Disclosure of the identity of paid lobbyists. ” According to the indictment.

Former PUCO president Samuel Randazzo was also indicted. A federal grand jury indicted Randazzo last year.

“This indictment is about multiple bills. It’s about a hostile occupation of key parts of Ohio’s government through deceit, treachery, and fraud.” Ohio Attorney General Dave Yost.

“Shout it from the public square to the boardroom, from Wall Street to the loudest: Those who seek to pervert government to their private ends will face the destruction of everything they have worked for.”

The Hill has reached out to Jones, Dowling and Randazzo for comment.

Mr. Jones has previously said he was “not involved in any illegal activity” and added that “FirstEnergy has a tremendous number of hard-working and dedicated employees who were committed to achieving the goals set by the Board of Directors.” I am very sorry that I was involved in such misconduct.” According to the statement Published in July 2021.

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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