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Former nuclear power executive sentenced for fraud

Flag-USAFormer Executive of Nuclear Power Company Sentenced Jennifer R. Ransom to Serve 30 Months in Prison, Clearwater Tribune, 8 jan 16  BOISE – Jennifer R. Ransom, 41, of Meridian, Idaho, was sentenced Jan. 7 in United States District Court to 30 months in prison followed by three years of supervised release—the first six months of which is home confinement–for the crime of securities fraud, U.S. Attorney Wendy J. Olson announced. Senior United States District Judge Edward J. Lodge also ordered Ransom to forfeit $580,780 and pay $116,138 in restitution to victim-investors. Ransom pleaded guilty to one count of securities fraud on April 21, 2015.

According to the plea agreement, Ransom was the Senior Vice President of Administration of Alternate Energy Holdings, Inc. (“AEHI”). AEHI was a development stage company headquartered in Eagle, Idaho, that planned to construct and operate a nuclear power plant in Payette County, Idaho.

According to the plea agreement, Ransom joined AEHI in late 2007. Prior to joining AEHI, Ransom took and passed the Series 63 examination, one of the tests required to become a licensed Securities Agent, and knew it was wrongful and unlawful to engage in conduct that was designed to defraud or deceive investors by artificially controlling or fraudulently affecting the price of securities. Notwithstanding, she agreed with her co-defendant, Donald L. Gillispie, the former President and CEO of AEHI, and other “nominees” to a scheme to defraud or deceive AEHI investors……..

n May of 2015, Ms. Ransom’s co-defendant, Donald Gillispie, failed to appear for two scheduled arraignment hearings. He remains a fugitive and is being pursued by the United States Marshals Service.

The case was investigated by the Internal Revenue Service, Criminal Investigation Division, and the Federal Bureau of Investigation.

Today’s announcement is part of efforts underway by President Obama’s Financial Fraud Enforcement Task Force (FFETF), which was created in November 2009 to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes  http://www.clearwatertribune.com/news/online_only_news/former-executive-of-nuclear-power-company-sentenced/article_658d5ea2-b65a-11e5-81af-1b4cc23d91cb.html

January 22, 2016 - Posted by | secrets,lies and civil liberties, USA

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