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A $60 Million Bribe. A $1.3 Billion Bailout. A 20-Year Prison Sentence. A $60 Million Bribe. A $1.3 Billion Bailout. A 20-Year Prison Sentence.
(32 minutes later)
The former speaker of the Ohio House of Representatives was given the maximum 20-year prison sentence on Thursday for his central role in what prosecutors said was perhaps the biggest public corruption scandal in the state’s history.The former speaker of the Ohio House of Representatives was given the maximum 20-year prison sentence on Thursday for his central role in what prosecutors said was perhaps the biggest public corruption scandal in the state’s history.
The former speaker, Larry L. Householder, was convicted in March of racketeering and bribery for accepting some $60 million from a major utility holding company, FirstEnergy Corporation, in exchange for arranging a $1.3 billion bailout for two troubled nuclear power plants the company operates.The former speaker, Larry L. Householder, was convicted in March of racketeering and bribery for accepting some $60 million from a major utility holding company, FirstEnergy Corporation, in exchange for arranging a $1.3 billion bailout for two troubled nuclear power plants the company operates.
The sentence was handed down in a federal courtroom in Cincinnati after Mr. Householder, unapologetic and leaning heavily on his faith and family, presented a plea for leniency that U.S. District Judge Timothy Black rebuffed in blistering terms.The sentence was handed down in a federal courtroom in Cincinnati after Mr. Householder, unapologetic and leaning heavily on his faith and family, presented a plea for leniency that U.S. District Judge Timothy Black rebuffed in blistering terms.
“My concern isn’t for me,” Mr. Householder told the judge. “Who pays the price? My wife, sons, family and friends.”“My concern isn’t for me,” Mr. Householder told the judge. “Who pays the price? My wife, sons, family and friends.”
“I’m not buying it,” Judge Black responded. “You reap what you sow.” He added: “You were not serving the people. You were serving yourself. You were a bully in your lust for power.”
FirstEnergy, a Fortune 500 company based in Akron, admitted in 2021 that it had conspired with Mr. Householder. But Mr. Householder, 64, has steadfastly denied any guilt.