top of page
Search
  • snitzoid

Snitz's corporate playbook for avoid corporate bribery charges.

  1. Pay a big fine.

  2. Throw your predecessors under the bus. Believe me, they'll be better off in the Big House. Redemption is good for the soul.



Federal judge dismisses Madigan-related bribery charge against ComEd

The dismissal means ComEd no longer faces criminal charges and avoids conviction, while others have faced prison time as a result of the investigation that targeted former state House Speaker Michael Madigan.


By Jon Seidel, Suntimes

Updated Jul 17, 2023, 11:17am CDT



A federal judge agreed Monday to dismiss the bribery charge against ComEd that has loomed over the utility company since 2020 for its role in a scheme that helped lead to the indictment of former Illinois House Speaker Michael J. Madigan.


While significant, the dismissal of the criminal charge against ComEd is not surprising. Under the terms of a deferred prosecution agreement between prosecutors and the utility, the feds agreed to seek dismissal as long as ComEd held up its end of the three-year deal.


During a brief court hearing Monday, Assistant U.S. Attorney Diane MacArthur told U.S. District Judge John Kness that ComEd “has fully complied with the terms” of that deal. That included paying a $200 million fine and cooperating with investigators.


ComEd attorney Nicole Allen told the judge the utility is “very pleased to see this matter come to an end.”


ComEd CEO Gil Quiniones also said in a statement that “ComEd remains committed, at all levels of the company, to the highest standards of integrity and ethical behavior for our business, and to continuing to build the trust of our customers.”


The dismissal means ComEd no longer faces criminal charges and will avoid conviction, while others have faced prison time as a result of the aggressive investigation that targeted Madigan. While ComEd has admitted to the conduct at the heart of the feds’ probe, its lawyers have insisted on pleading not guilty in court.


The feds first implicated Madigan in wrongdoing when they filed the criminal case against ComEd in July 2020, using the moniker “Public Official A” to refer to the Southwest Side Democrat.


MacArthur noted that Monday was “the three-year anniversary” of the case. Kness scheduled Monday’s hearing shortly after the feds filed it.


Since then, a federal jury has convicted four people for the conduct at issue. Madigan confidant Michael McClain, ex-ComEd CEO Anne Pramaggiore, former ComEd lobbyist John Hooker and onetime City Club President Jay Doherty all face serious prison time for conspiring to bribe Madigan to benefit ComEd.


The four arranged for jobs, contracts and money for Madigan allies in an illegal bid to influence him as legislation moved through Springfield between 2011 and 2019. It took ComEd from a “dire” financial situation in the 2000s to record earnings in 2022.


Former ComEd executive Fidel Marquez has also pleaded guilty to a bribery conspiracy. But he agreed in January 2019 to cooperate with investigators, making secret recordings of his friends and colleagues for the FBI. He has not been sentenced.


Meanwhile, Madigan faces trial in April on a racketeering indictment that alleges he also participated in the illegal ComEd conduct. McClain is set to go to trial again alongside Madigan on additional charges. AT&T Illinois and its former president Paul La Schiazza, have also been charged as a result of the investigation.


AT&T Illinois struck a deal with prosecutors similar to ComEd’s.

2 views0 comments

Recent Posts

See All

Scarlett Johansson's voice stolen by ChatGPT

Personally, I'd rather hear the voice of a caring Jewish mother. Scarlett Johansson’s Statement About Her Interactions With Sam Altman The actress released a lengthy statement about the company and th

You don't care for me? Spent a few days by the Ocean.

Don't lie to me. I can see it in your beady little eyes. You prefer Hamas and don't care much for Israelis. You know what happens to people who speak ill of the Tribe? We spank your bare bottom unt

Commentaires


Post: Blog2_Post
bottom of page