FirstEnergy to pay $230M in settlement in Ohio bribery case
Source: AP
CINCINNATI (AP) — Federal authorities say Akron-based FirstEnergy Corp. has agreed to a settlement that calls for the company to fully cooperate and pay a $230 million fine as part of a sweeping bribery scheme.
The U.S. Attorney’s Office in Cincinnati and the FBI are scheduled to hold a news briefing later Thursday morning on the deferred prosecution agreement.
As part of the deal to end the government’s prosecution, FirstEnergy agrees to make public all its related campaign contributions within 30 days, to pay a $230 million penalty and to continue carrying out sweeping internal changes aimed at preventing future corporate misdeeds.
FirstEnergy officials announced earlier this year it was in talks with the prosecutors on the agreement and that it could affect the company’s revenue.
FILE - In this May 18, 2011, file photo, a worker drives a tractor through a tree farm 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. The 2020 arrests of Householder and four associates in connection with the scheme have rocked politics and business across Ohio. (AP Photo/Amy Sancetta, File)
Read more: https://apnews.com/article/business-government-and-politics-ohio-a4dd75020561d8b533fdabcb98a0a350
= new reply since forum marked as read
