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Texas AG announces ERCOT indictments (in power grid fraud case)

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Rose Siding Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-28-05 09:37 PM
Original message
Texas AG announces ERCOT indictments (in power grid fraud case)
AUSTIN -- Former top officials with the organization that runs Texas' electricity grid created bogus companies that charged hundreds of thousands of dollars for fake work done by nonexistent employees, according to allegations in indictments announced today.

The 23 indictments against five former officials and one contractor at the Electric Reliability Council of Texas allege organized criminal activity, commercial bribery and theft by receiving stolen property.

Most of the charges are first-degree felonies with punishment ranging from five to 99 years in prison, said Attorney General Greg Abbott, who announced the indictments after a five-month investigation.

The alleged schemes involved top ERCOT managers "using illegal methods to line their own pockets," Abbott said.

http://www.chron.com/cs/CDA/ssistory.mpl/front/3013629
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acmavm Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-28-05 09:47 PM
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1. So when's Kenny Boy's trial? He's worse than these guys. Not that they're
the kind of guys you'd want your daughter (or son, whatever) to be bringing home to Sunday dinner. But this is nickels and dimes compared to Enron and their various and sundry criminal activities.
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mbperrin Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-28-05 10:28 PM
Response to Reply #1
2. See, these guys stole from OTHER COMPANIES,
not people. In Bush-Texas, this is really quite unforgiveable. Stealing from peons like employees and retirement funds? Just smart business.

I will be truly shocked if Kenny ever does any time at all and does more than pay a nominal fine. Years from now, if ever.
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Straight Shooter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-28-05 10:45 PM
Response to Reply #2
3. You whacked the nail on the head. Thou shalt not steal from corporations.
:thumbsup:
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