Posted on 01/25/2021 6:07:04 PM PST by ransomnote
SACRAMENTO, Calif. — A former PG&E employee was sentenced today to 22 months in prison and ordered to pay $1,476,295 in restitution for a conspiracy to commit honest services wire fraud and receiving kickback payments from a Stockton transportation company owned by his cousin, U.S. Attorney McGregor W. Scott announced.
According to court documents, Ronald S. Schoenfeld, 65, of Goodyear, Arizona, formerly of Dublin, California, while employed at Pacific Gas and Electric Company, conspired to obtain contracts from PG&E for his cousin’s transportation business in exchange for kickbacks from that business worth approximately 2.5% of the value of the contracts. Schoenfeld concealed from PG&E his familial relationship with his co-conspirator from PG&E, provided confidential information to his co-conspirator, and, at times, directly intervened in the consideration of contracts between PG&E and his co-conspirator’s business, all contrary to PG&E’s policies.
From March 2007 through February 2015, PG&E paid at least $82.1 million to the business operated by Schoenfeld’s cousin for services it provided pursuant to PG&E contracts. During the same period, Schoenfeld’s co-conspirator paid him at least $1,476,295.15 in kickbacks for his role in the conspiracy.
This case was the product of an investigation by the Federal Bureau of Investigation. Assistant U.S. Attorneys André M. Espinosa and Tanya B. Syed prosecuted the case.
How easy is it to take this much money?
Yet rob a bank with a note or a liquor store for $50 and get 20 years. And you can’t figure out why BLM folks are pissed?
PGE is a blood thirsty company that needs to be reined in along with big tech and a whole host of others. Tons of companies have made a mint off of price gouging during the pandemic, including inferior crap from China.
Math seems pretty good return on investment to me. Family takes in $82 million, and one relative has to take the fall for 20 months. Even if they have to give back $1,476,295 (which isn’t likely) the numbers still look pretty good.
Somebody in the family should write a “How-to” book. Probably can get a publisher’s advance for say, $1,476,295, and recoup ALL of the remaining ill-gotten wealth!
/sarc-off
(I’ll ghost-write it for 25%)
If I can walk away with 80 million hell I’d do 22 months in prison.
FBI can find one person taking kickbacks in Calif-—but cannot find the massive fraud in multiple states in the election. AMAZING.
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