A jury convicted ex-Ohio House Speaker Larry Householder & lobbyist Matt Borges of taking part in a bribery scheme prosecutors say was engineered to pass a $1.3 bil. bailout of two nuclear power plants owned by a subsidiary of Akron-based FirstEnergy Corp.
CINCINNATI – A jury convicted ex-Ohio House Speaker Larry Householder and lobbyist Matt Borges of taking part in a bribery scheme prosecutors say was engineered to pass a $1.3 billion bailout of two nuclear power plants owned by a subsidiary of Akron-based FirstEnergy Corp.
Since the case first became public nearly three years ago, prosecutors have said it represented the largest public corruption scheme in Ohio history, a cash-for-legislation scam they said personally enriched five people and aided a utility’s struggling nuclear operation on the backs of taxpayers.Ongoing coverage of the federal corruption trial of former Ohio House Speaker Larry Householder
The two men will be sentenced by U.S. District Judge Timothy Black at a later date. Each faces up to 20 years in prison.Jeff Longstreth – the signatory on Generation Now’s accounts who described himself as the quarterback of Householder’s political operation – testified against his former boss. He said he personally executed direct payments to Householder with the expectation of repayment that never came.
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