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rainbow4321 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-28-05 04:16 PM
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TX electricity officials indicted: organized criminal activity, bribery
http://www.mysanantonio.com/sharedcontent/APStories/sto...


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 or even dead employees, according to indictments announced Friday.

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 maze of illicit business dealings going on within ERCOT over a year's time is simply stunning," Abbott said in a statement. "This is not about electricity. It's about corruption at top levels of ERCOT and flagrant violations of an agreed-upon ethics policy."

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KingoftheJungle Donating Member (355 posts) Send PM | Profile | Ignore Fri Jan-28-05 04:31 PM
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1. "carries a sentence from 5 to 99 years." And watch, they'll get one
Maybe two, at most
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rainbow4321 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-28-05 04:35 PM
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2. Or they will just stay free til it blows over...
and then nothing will happen to them, like Enron/Lay...
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Spinzonner Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-28-05 04:41 PM
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3. Forget it, Jake.

It's Texas
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RaleighNCDUer Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-28-05 04:42 PM
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4. Just following big brother Enron's example. nt
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txaslftist Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-28-05 04:59 PM
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5. Sorry, y'all.
Our rich corporate owners and directors down here ain't known for their ethics. On behalf of the great state of Texas, I apologize.
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