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Former SCANA CEO to plead guilty on another charge for failed nuclear plant project

Former SCANA CEO to plead guilty on another charge for failed nuclear plant project,    by Tony Fortier-Bensen, Thursday, December 24th 2020,   COLUMBIA, SC (WCIV) 


The former CEO of SCANA will plead guilty to a third charge on Tuesday related to fraud charges for the failed V.C. Summer project in Fairfield County.

S.C. Attorney Peter McCoy Jr. announced in a press release that Kevin Marsh would plead guilty on Tuesday, Dec. 29 in federal court to conspiracy to commit mail and wire fraud.

In late November, Marsh pleaded guilty to one count of conspiracy and one count of obtaining false property by false pretenses.

According to that plea agreement, Marsh could serve 18 to 36 months and must pay $5 million in restitution.

His plea agreement for the third charge has not been announced.

Marsh has a hearing scheduled for 10:00 a.m. in federal court, and following that plea, he is scheduled for another hearing on a state charge at noon on the same day.

In June, retired SCANA chief operating officer Steve Byrne entered a guilty plea for his actions in relation to the failed nuclear power plant.

The U.S Attorney’s office alleges Byrne and Marsh conspired with other SCANA executives to deceive state and federal government overseers, stock holders and power customers in order to keep funding coming in to build two nuclear reactors at the V.C. Summer Nuclear Station.

The expansion project cost Santee-Cooper and the defunct South Carolina Electric & Gas over $9 billion before the two entities abandoned the project in July 2017.

December 24, 2020 - Posted by | Legal, secrets,lies and civil liberties, USA

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