Two former FirstEnergy executives are indicted for a $60M bribery scheme to secure a $1B bailout.

Two former FirstEnergy executives have been indicted on federal racketeering charges for their role in a $60 million bribery scheme aimed at securing a $1 billion bailout for the company's nuclear plants. The executives, former CEO Chuck Jones and ex-Senior VP Michael Dowling, are accused of bribery, money laundering, and obstruction to boost the company's stock price and enrich themselves. FirstEnergy was fined $100 million for misleading investors, and former Ohio House Speaker Larry Householder was sentenced to 20 years in prison for his part in the scheme.

2 months ago
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