Skip to Content
AP National

Utility ordered to pay $100 million for its role in Ohio bribery scheme

By
Published 4:48 PM

Associated Press

An Ohio-based energy company at the center of a $60 million bribery scheme has been ordered by the U.S. Securities and Exchange Commission to pay a $100 million fine. The SEC said Thursday that Akron-based FirstEnergy Corp. misled investors about its role in the scandal. According to the SEC, the company violated antifraud provisions by misrepresenting its role in the scheme and failing to disclose related payments. FirstEnergy’s CEO says the company is pleased it reached a settlement with the SEC. The action comes a month after FirstEnergy agreed to pay $20 million to avoid criminal charges.

Article Topic Follows: AP National

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content