Posted on 02/05/2021 2:56:54 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.
That’s a good tradeoff. Steal the money and deposit it where it can’t be traced and get three hits and a cot for two years.
“...honest services wire fraud...”
A contradiction in terms?
<>$1,476,295.15 in kickbacks<>
Okay, even in this dollar inflated age, that is still some coin.
What bothers me most is when local pols risk prison for a few thousand bucks.
I’m an honest man. I tell shopkeepers or servers if they under-charged me.
But, I am imperfect. I have a price. I don’t know what it is, but it is out there somewhere and nobody so far has offered it.
That’s a good tradeoff. Steal the money and deposit it where it can’t be traced and get three hits and a cot for two years.
~~~~~~~~~~~~~~~~~~
“Schoenfeld’s co-conspirator paid him at least $1,476,295.15 in kickbacks for his role in the conspiracy.”
According to the linked article, in the first paragraph, he has to pay back all the money he got for his role in the crime, and 2 years in a federal prison (no parole).
I really dislike what you posted, but... I agree with it.
I hate it when I dislike my own viewpoints.
Please post some positive image of puppies or wonderful mountain/lake landscape.
Peanuts compared to most “white collar” crimes that are rarely pursued/prosecuted. The more one steals, it seems the punishment is less especially if one is connected to a political crime family or party.
“That’s a good tradeoff. Steal the money and deposit it where it can’t be traced and get three hits and a cot for two years.”
It is better to analyze the situation rather than posting the first thing that pops into your head ...
Good job pointing out the achievements of the Biden administration.
Q would be proud if he wasn’t dead.
It wasn’t meant to be serious. I wouldn’t do that to anybody, but that is criminals think.
LOL! Think about it. He loses his job and pension.
Sounds like a fair investment to me.
I have a price but I have not yet found it.
Giving contracts out to one’s brother in law’s company may not be the oldest trick in the book but it’s gotta be right up there.
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