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FirstEnergy says goodbye to 6 directors in shadow of bribery scandal
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FirstEnergy to pay $230M in agreement in Ohio bribery case
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Ohio News
Jul 24, 2021
Acting U.S. Attorney Vipal J. Patel, center, accompanied by FBI Special Agent in Charge Chris Hoffman, speaks during a news conference in Cincinnati, Thursday, July 22, 2021. Federal authorities say Akron-based FirstEnergy Corp. would pay a $230 million penalty and fully cooperate as part of an agreement announced Thursday to settle federal charges against the company in a sweeping bribery scheme in Ohio. (AP Photo/Farnoush Amiri)
By MARK GILLISPIE, JULIE CARR SMYTH and FARNOUSH AMIRI Associated Press
CINCINNATI (AP) The energy giant at the center of a $60 million bribery scheme in Ohio admitted Thursday to using dark money groups to fund the effort, and agreed to pay $230 million and other conditions so prosecutors won’t forge ahead with a criminal case against the company.
Credit AP Photo/Farnoush Amiri
The energy giant at the center of a $60 million bribery scheme in Ohio admitted Thursday to new details of its role in the conspiracy as part of a deal with federal prosecutors, including how it used dark money groups to fund the effort and paid a soon-to-be top utility regulator to write the legislation it got in exchange.
Akron-based FirstEnergy Corp. is charged with conspiracy to commit wire fraud under the deferred prosecution agreement, Acting U.S. Attorney Vipal J. Patel and FBI Special Agent in Charge Chris Hoffman announced at a press conference.
The charge would be dropped if the company complies over three years with a list of required actions in the deal, including paying a $230 million criminal penalty and continuing to fully cooperate with investigators.
FirstEnergy to pay $230 million
By Mark Gillispie, Julie Carr Smyth and Farnoush Amiri - Associated Press
Acting U.S. Attorney Vipal J. Patel, center, accompanied by FBI Special Agent in Charge Chris Hoffman, speaks Thursday during a news conference in Cincinnati. Federal authorities say Akron-based FirstEnergy Corp. would pay a $230 million penalty and fully cooperate as part of an agreement announced Thursday to settle federal charges against the company in a sweeping bribery scheme in Ohio.
A worker drives a tractor through a tree farm May 18, 2011, in North Perry, Ohio, near the cooling towers of the Perry Nuclear Power Plant. A $60 million bribery case, involving ex-Ohio House Speaker Larry Householder and others, alleges to have helped prop up the Perry and Davis-Besse Nuclear Power Station in Oak Harbor, Ohio.
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