Saturday, October 31, 2020

Ex-Ohio House Speaker Larry Householder indicted in $60 million bribery case


A federal grand jury formalized racketeering conspiracy charges against ex-Ohio House Speaker Larry Householder and four allies on Thursday, and demanded the forfeiture of $60 million the speaker and his team allegedly received from FirstEnergy to pass a $1.3 billion bailout of two nuclear power plants.

Householder, chief political aide Jeff Longstreth, and lobbyists Matt Borges, Neil Clark, and Juan Cespedes are accused of using FirstEnergy bribe money to expand the speaker’s political power and enrich themselves by millions of dollars through a “web” of dark-money groups and bank accounts, including the non-profit Generation Now.

If convicted, each could face up to 20 years in prison and a maximum $250,000 fine, in addition to any money they must forfeit. The indictment specifically seeks the forfeiture of money in two Generation Now bank accounts and two brokerage accounts in the name of Longstreth and Exchange Investment Realty.


Each of the five are scheduled to be arraigned next Thursday afternoon by U.S. Magistrate Judge Karen Litkovitz.

- Advertisement -

David DeVillers, the U.S. attorney for the Southern District of Ohio, said after their arrests last week that the Householder’s enterprise “is likely the largest bribery, money-laundering scheme ever perpetrated against the people in the state of Ohio.”


In all, Householder — who was removed as House speaker on Thursday — received more than $500,000 for his personal benefit, according to DeVillers.


More than $100,000 of the bribe money from FirstEnergy Corp. was used to pay costs associated with Householder’s Florida home, and at least $97,000 was used to pay expenses for Householder’s 2018 House campaign, the complaint stated.

The indictment does not mention FirstEnergy Corp. by name. Nor does it name FirstEnergy Solutions — FirstEnergy Corp.‘s then-subsidiary which operated the Perry and Davis-Besse nuclear power plants (and continues to operate them under the name Energy Harbor after splitting from FirstEnergy earlier this year).

- Advertisement -

Instead, the complaint refers to them both under the collective name “Company A.” There are numerous giveaways that FirstEnergy is “Company A,” including that the complaint quotes public comments from former FirstEnergy Corp. President/CEO Charles Jones, labeling him “Company A Corp. president and CEO.”


Original article on


Actress Lori Loughlin begins 2-month prison sentence for role in college admissions scam

Actress Lori Loughlin reported to a federal prison in Northern California on Friday to start a two-month sentence for her role in a massive...

FirstEnergy fires CEO, other executives over Ohio bribery scandal

FirstEnergy Corp. has fired its CEO amid multiple federal investigations related to an Ohio nuclear bailout law passed year. The Akron-based utility company announced in a...

Ukraine’s court strips critical power from anti-corruption agency

Ukraine's Constitutional Court has stripped the country’s anti-corruption agency of some of its critical powers. The high court’s ruling published on October 28 declared it...

Former South Korean President Lee Myung-bak sent back to prison for 17 years in corruption case

Former South Korean president Lee Myung-bak was ordered back to prison on Thursday (Oct 29) as the country's Supreme Court upheld a 17-year jail...

Nigerian court declines to issue international arrest warrant for fugitive ex-Petroleum Minister in corruption case

The Abuja Division of the Federal High Court, on Wednesday, refused an application by the Economic and Financial Crimes Commission, EFCC, for an arrest...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World


Latest News

This Week

Former South Korean President Lee Myung-bak sent back to prison for 17 years in corruption case

Former South Korean president Lee Myung-bak was ordered back to prison on Thursday (Oct 29) as the country's Supreme Court upheld a 17-year jail...

Former solicitors used 60 fake identities, homeless people to defraud banks

A married couple who are former solicitors created 60 false identities, donned disguises and paid homeless people for their PPS numbers in order to...

Dutch prosecutors seize $33m in bitcoin from couple convicted of money laundering

Prosecutors from the Netherlands have seized 2,532 bitcoins worth $33 million after a couple was convicted of money laundering by the Rotterdam District Court....

Mid-Small financial institutions to benefit from Oracle’s Anti-money laundering protection

Oracle today announced new cloud services to help mid-sized banks combat money laundering and outsmart financial crime. Oracle Financial Crime and Compliance Management Cloud Service brings...

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks