News Formal

FirstEnergy’s chief ethics officer knew about $4.3 million payment the company said was a bribe

  • 📰 clevelanddotcom
  • ⏱ Reading Time:
  • 38 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 63%

@Lll News

Firstenergy,Hb6-Corruption-Scandal,Mike-Dowling

Company's general counsel, ethics chief, and top accountant new about payment to soon-to-be appointed PUCO chairman Sam Randazzo.

FBI agents carry boxes and bags out of the Columbus home of Public Utilities Commission of Ohio Chairman Sam Randazzo on Monday, Nov. 16, 2020.COLUMBUS, Ohio – Two top lawyers at FirstEnergy, plus the company’s most senior accountant, knew about and helped process a $4.3 million payment that the company later said was a bribe to a top state regulator, according to a newly unearthed memorandum and deposition.

In the memo and a deposition Lisowski gave last year, Lisowski said Chief Legal Officer and Senior Vice President Robert Reffner; Chief Ethics Officer Ebony Yeboah-Amankwah; and Lisowski himself were all aware of a $4.3 million payment to Randazzo that the company internally referred to as a termination payment related to a consulting contract. Both FirstEnergy and Lisowski say the company had no legal obligation make the payment ordered by Jones and Dowling.

FirstEnergy transferred the funds to Randazzo’s companies just after the new year. DeWine appointed Randazzo to the PUCO soon thereafter. Plaintiffs suing the company alleging securities fraud asked Lisowski in the deposition if he was concerned following the appointment.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 301. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Central Pa. company’s internal technology division is now a separate companyThe company provides software solutions to assist businesses.
Source: PennLive - 🏆 463. / 53 Read more »

Major Ohio-based company stocks rebound, Cleveland company had top growth last weekFour major companies in the Greater Cleveland area experienced stock gains of at least 2.5% last week.
Source: clevelanddotcom - 🏆 301. / 63 Read more »

Cleveland-based company tops Ohio major company stock growth last weekFive major companies in the Greater Cleveland area experienced stock gains of at least 4% last week.
Source: clevelanddotcom - 🏆 301. / 63 Read more »

Starbucks replaces its CEO, names Chipotle chief to head the companyBy DEE-ANN DURBIN Starbucks, struggling with weak demand and disgruntled investors, said Tuesday it’s replacing CEO Laxman Narasimhan with Brian Niccol, the chairman and CEO of Chipotle. Nara…
Source: denverpost - 🏆 13. / 72 Read more »